Already 12,161 people have seen this company's branding and they are being followed by 34 Storybook user.In average the company has been rated 4.7 points ja kommenteeritud 300 korda.

's activity report 2022

Introduction

Tradehouse OÜ was established on 10.05.2002. The main activity of Tradehouse OÜ in 2022 was the wholesale of perfumes and cosmetics (EMTAK code 46451) - 43.60%.

The second major activity was the retail sale of cosmetics and toiletries in specialized stores (EMTAK code 47751) - 34.26%.

The turnover in 2022 was 21,251,764 euros, increasing by 4% over the year. The loss amounted to 462,479 euros.

Staff

In 2022, the average number of employees was 135. The wage fund in 2022 was 3,623,475 euros, social security contributions accounted for 907,647 euros of this and the wage cost was 2,715,828 euros. Labor costs increased by 20% over the year.

Investments

In the reporting year, the Nautica store was expanded and updated and opened to customers at the end of the first quarter.

A subsidiary Scandinavian Brands OÜ was acquired and a subsidiary Tradehouse SIA was established.

Goals for the next fiscal year

An important goal for the next fiscal year is to maintain a strong market position in the domestic market, including significantly increasing online channel sales and investing in improving the usability and functionality of the e-channel. The priority direction is still expansion to foreign markets, including starting active sales in the Finnish market, continuing with representative salons and opening our own representation; expanding sales in the Baltics in both B2B and retail directions. As in the reporting year and the previous fiscal year, the company's activities have been affected by what is happening in the world, including the effects of war. Whether and to what extent this will further affect the company's activities in the future is difficult to assess.

Risks associated with changes in exchange rates and interest rates

Settlements with partners outside the European Union are mainly in EUR or to a lesser extent in their local currency, mainly in US dollars.

The possible risk of exchange rate fluctuations arises from settlements in these countries' local currencies, but the share of these countries is not so large in relation to total sales and purchases that possible exchange rate changes would have a significant impact on the company's economic activity. The currencies of these countries have historically been quite stable against the euro. Historically, exchange rate changes have not had a significant impact on the company's financial results. The interest rate on loans is either fixed or linked

to EURIBOR, the possible increase of which may increase the company's interest expense.

Potential environmental goals

The company sets goals for environmentally friendly activities and monitors their achievement. The main goal is to reduce the environmental footprint, including reducing CO2 emissions and energy use, increasing the use of renewable energy (e.g. solar energy), recycling materials, collecting and disposing of waste by type (including compliance with the packaging recycling law). As a socially responsible company, we actively support

leisure activities and professional sports in Estonia.

Main financial ratios

Main financial ratios 2022 2021

Sales revenue (thousand euros) 21,252 20,426

Turnover growth % 4% 6%

Net profit (thousand euros) -462 679

Profit growth % -168% -78%

Net return on sales % -2% 3%

Current assets (thousand euros) 5,716 6,261

Short-term liabilities (thousand euros) 5,270 4,937

Coverage ratio of short-term liabilities 1.08 1.27

Assets (thousand euros) 21,535 21,903

ROA % -2% 3%

Equity (thousand euros) 3,090 3,553

ROE % -15% 19%