Already 4,387 people have seen this company's branding and they are being followed by 59 Storybook user.In average the company has been rated 3.8 points ja kommenteeritud 5 korda.

's activity report 2022

AS Ecometal is a company operating in Sillamäe since 2003, which processes used lead batteries and produces lead, lead alloys, and secondary polypropylene from them. The company's factory products are mainly used for the production of new lead batteries.

Used lead batteries are classified as hazardous waste and their handling is regulated. The company's operations are certified according to the requirements of the ISO 14001 environmental management system and the ISO 9001 quality management system.

AS Ecometal uses production technology developed by the Italian company Engitec in its factory. Engitec provides technology and engineering consultations worldwide and supplies equipment, and has earned recognition in the metallurgical industry for reliable, safe, efficient, and innovative process solutions. The use of these recycling technologies allows for efficient and environmentally compliant material handling.

The factory collects used lead batteries from the Nordic countries and the Baltics, and 96 percent of the production is realized in foreign markets, mainly in European Union countries.

In 2022, AS Ecometal provided jobs for 56 people.

During the financial year, more than half a million euros were invested in the expansion and reconstruction of warehouses and in machinery and equipment. In cooperation

with Tallinn University of Technology, a project studying the use of heavy plastic was successfully completed, supported by the European Union's European Regional Development

Fund.

Uncertainty related to supply chains, rising energy prices, and the resulting increase in production input prices had a significant impact on the company's financial results. The company actively mitigated the risks identified and continues to improve energy and cost efficiency. The company's capitalization level is high, allowing for investment in necessary technological innovations and remaining competitive in changing economic conditions.

The goals for 2023 are, in addition to improving energy efficiency, to contribute more effectively to the management of the company's social and environmental impacts and to improve the occupational health and safety management system.

The financial ratios for the financial year 2022 compared to 2021 were as follows:

Financial ratios 2022 2021

Sales revenue (EUR) 26 063 742 24 972 729

Sales revenue growth+/decline- (%) 4.37 13.17

Net profit (EUR) 906 589 2 652 618

Profit growth+/decline- (%) -65.82 780.46

Net profitability (%) 3.48 10.62

Short-term obligations coverage ratio 10.20 12.81

ROA (%) 4.41 13.83

ROE (%) 4.82 14.81

Formulas used in calculating ratios:

Sales revenue growth (%) = Reporting year sales revenue * 100 / Previous financial year sales revenue - 100

Profit growth (%) = Reporting year net profit * 100 / Previous financial year net profit - 100

Net profitability (%) = net profit / sales revenue * 100

Short-term obligations coverage ratio (times) = current assets / short-term obligations

ROA (%) = net profit / total assets * 100

ROE (%) = net profit / total equity * 100