Already 6,360 people have seen this company's branding and they are being followed by 367 Storybook user.In average the company has been rated 5.0 points but has not been commented.

's activity report 2022

Polven Foods OÜ was established in 2008 on the basis of Polven OÜ and is a subsidiary of Polven OÜ. The main activity of the company: production and sale of food products. The main activities of Polven Foods OÜ are the production and marketing of condensed milk and mayonnaise.

We are a leading food industry in the market segment with representations in Estonia and Latvia. In addition, the company exports its products to

Lithuania, Germany and other European countries.

For Polven Foods OÜ, 2022 was a year of growing market shares and strengthening exports: - The company strengthened its positions in Estonia.

- The company increased its sales in Latvia and Lithuania.

- The company continued active marketing activities and staff training.

- The company improved its market positions in Estonia, Latvia and Lithuania.

Staff (cid:127) The total remuneration of employees in 2022 amounted to 1,183,500 EUR (including social taxes) (cid:127) The average number of employees in the company in 2022 was 46 people (cid:127) The board members were paid for the performance of their duties, the exact amount of which the board does not disclose, as it made it a business secret.

The production activity does not affect ecology and the environment.

The key financial ratios of Polven Foods OÜ were: 31.12.2022 31.12.2021

Sales revenue (EUR) 9,127,762 6,528,730

Turnover growth ((sales revenue 2022-sales revenue 2021)/sales revenue 2021)% 40% 9.30%

Operating profitability (operating profit/sales revenue) % 10.36% 0.35%

Net profit (EUR) 945,229 -5,536

Net profitability (net profit/sales revenue) % 10.36% -0.08%

Return on equity ROE (net profit / equity) % 32.47% -0.28%

Return on total assets (net profit / assets) % 18.78% -0.14%

The company's goal is to strengthen and expand its market position in existing markets and move to new markets. The number of employees is planned to be increased according to the need, opportunities and increase in turnover.

If necessary, we consider additional investments in training people and increasing production efficiency.

Polven Foods OÜ continues to actively fulfill its goals and plans.

During the preparation period of the annual financial statements, significant events occurred that are not reflected in the annual financial statements, but which significantly affect or may affect the results of the following financial years.