Already 5,822 people have seen this company's branding and they are being followed by 72 Storybook user.In average the company has been rated 3.8 points ja kommenteeritud 3 korda.

's activity report 2022

Prysmian Group Baltics AS manufactures and sells electrical and telecommunications cables and relevant accessories. The company is part of the world's largest cable manufacturing group, Prysmian Group, and is 100% owned by Prysmian Group Finland OY. The company's factory and headquarters are located in Estonia. The factory specializes in the production of power and installation cables. In addition, products of Prysmian Group brands such as Prysmian, Draka, General Cables, etc. are marketed.

Prysmian Group Baltics AS is part of the Prysmian Group, whose headquarters are located in Milan, Italy. The group's shares are listed on the Milan Stock Exchange. The group has over 100 factories and employs nearly 30,000 people. Prysmian Group is a global market leader in the following industry segments: energy, telecommunications, special and construction cable segments.

The customers of Prysmian Group Baltics AS are power grids and builders of electricity and television networks, to whom products are sold through wholesale electrical goods companies. Prysmian Group Baltics AS products are mainly marketed in Estonia, Latvia, Lithuania and Scandinavia, and in smaller quantities in other European countries, but also outside Europe. The company's goal is to be the preferred partner of wholesalers of electrical and telecommunications cables and relevant accessories.

In 2022, the company's sales revenue increased by 41% to 168,747 thousand euros (in 2021, 119,564 thousand euros). The most significant influencer last year was the exceptionally rapid and large increase in raw material prices. Eliminating its effects was of key importance.

The main indicators characterizing the financial year are presented in the table below:

Main indicators 2022 2021

Sales revenue (thousand euros) 168,747 119,564

Sales revenue growth 41.1% 38.5%

Gross profit margin 8.0% 6.1%

EBITDA (thousand euros) 7,056 2,784

Operating profit (thousand euros) 6,169 1,859

Paid income tax on dividends (thousand euros) 287 216

Net profit (thousand euros) 5,916 1,632

Net profitability 3.5% 1.4%

Short-term obligations coverage ratio 2.03 2.00

ROA 10.3% 3.3%

ROE 18.9% 6.1%

The following formulas were used to find the financial indicators presented in the table: (cid:127) Sales growth (%) = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100 (cid:127) Gross profit margin (%) = gross profit/sales revenue * 100 (cid:127) Net profitability (%) = net profit/ sales revenue * 100 (cid:127) Short-term obligations coverage ratio (times) = current assets/short-term obligations (cid:127) ROA (%) = net profit/ total assets * 100 (cid:127) ROE (%) = net profit/ total equity * 100

The construction market in the Baltic States was active in 2022, significant investments were made in distribution networks. The green transition - investments in wind and solar parks - increasingly affects the activity of the electricity market. Therefore, the importance of the construction market in terms of electrical work is decreasing.

In 2023, in addition to maintaining sales revenue and profitability, attention is focused on reducing risks related to raw material and labor shortages and implementing sustainability. Attention is paid to increasing production efficiency through investments, implementing various digital solutions. The goal is to increase market share in the Latvian and Lithuanian markets through enhanced marketing activities.

Prysmian Group Baltics AS has set regional goals based on the group's sustainability strategy. The Baltic scorecard shows that the region has good results in several areas. For 2022, we chose four target areas from 16 indicators where to look for opportunities and implement improvements: the proportion of recycled waste, the percentage of drums reused during the year (in tons), the accident frequency index (IF), the accident severity index (IG). Improvements in these target areas would most affect local markets. Performance indicators and related explanations are compiled in the Baltic Sustainability Report, which also provides an overview of additional activities and goals for 2023. For more information and reports: prysmiangroup.ee/sustainability