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's activity report 2022

OÜ Astlanda Ehitus was registered in the commercial register on March 23, 2007. The company's field of activity is the project management of general construction and civil engineering works (pipelines, ports, etc.).

The year 2022 will be characterized by general price increases and the war started by Russia against Ukraine, which also had a direct impact on the economic environment. The rapidly recovered demand after the end of the pandemic and the sanctions imposed due to the war caused numerous supply difficulties and a sharp increase in prices, including in the construction sector. Although availability problems began to be largely resolved towards the end of the year, rapidly rising prices and interest rate hikes initiated by central banks to curb inflation also began to affect demand. In summary, the Estonian economy fell by -1.3% over the year and construction volumes by -1.2%. A declining trend is expected to continue in 2023 as well.

The company's turnover in the 2022 financial year was 51.5 million euros, decreasing by -14.4% over the year. Difficulties in the supply of materials and a sharp increase in input prices reduced profitability indicators and have significantly increased risks in planning and offering new projects. A continued decline in activity volumes is expected in 2023.

No significant investments were made in fixed assets during the year, nor is this planned for 2023.

The company's business activities are conducted in euros and do not involve investments in securities for trading purposes, therefore fluctuations in exchange rates and stock market prices do not affect the financial results. There is also no direct impact on the company's financial results from fluctuations in interest rates. However, the business activities of OÜ Astlanda Ehitus are directly affected by the general economic climate. The company's activities do not have negative social impacts, the international environmental management standard ISO14001 has been implemented for managing environmental impacts.

Ratios 01.01.2022 – 01.01.2021 – 31.12.2022 31.12.2021

Sales revenue growth / decline (%) -14.4% 45.2%

Gross profit margin (%) 4.9% 7.5%

Profit growth / decline (%) -43.9% -7.5%

Net profitability (%) 3.4% 5.3%

Short-term liabilities coverage ratio 1.59 2.30 (times)

ROA (%) 2.9% 5.2%

ROE (%) 3.7% 6.8%

Formulas used in calculating ratios: (cid:127) Sales revenue growth / decline (%) = (sales revenue 2022 – sales revenue 2021) / sales revenue 2021 x 100 (cid:127) Gross profit margin (%) = gross profit / sales revenue x 100 (cid:127) Profit growth/decline (%) = (net profit 2022 – net profit 2021) / net profit 2021 x 100 (cid:127) Net profitability (%) = net profit / sales revenue x 100 (cid:127) Short-term liabilities coverage ratio (times) = current assets / short-term liabilities (cid:127) ROA (%) = net profit / total assets x 100 (cid:127) ROE (%) = net profit / total equity x 100