Already 1,697 people have seen this company's branding and they are being followed by 14 Storybook user.In average the company has been rated 4.6 points ja kommenteeritud 13 korda.

's activity report 2022

UrMet OÜ was established in July 2010. The company's main activity is the wholesale of metals. The place of operation is in Saue, at Tule 22, in the production and office spaces rented from AS Saue

EPT.

The growth in sales revenue of UrMet OÜ in 2021 and 2022 was due to the significant price increase of the materials sold on the world market, which in turn was due to the effects of COVID-19 and the Russian-Ukrainian war that began in 2022.

However, we were able to increase our customer base and find new material suppliers, which yielded positive results.

In 2022, the sales revenue of UrMet OÜ amounted to 9.4 million euros, which is 30.9% more than in 2021.

Main financial ratios 2022 2021

Sales revenue (thousands of euros) 9348 7141

Revenue growth 31% 66%

Gross profit margin % 8% 11%

Net profit (thousands of euros) 480 498

Profit growth -4% 500%

Net profitability 5% 7%

Short-term obligations coverage ratio 2.95 3.23

ROA 31% 36%

ROE 47% 51%

Formulas used in calculating ratios: 1. Revenue growth (%)=(sales revenue 2022-sales revenue 2021)/sales revenue 2021*100 2. Gross profit margin (%)=gross profit/sales revenue*100 3. Profit growth (%)=(net profit 2022-net profit 2021)/net profit 2021*100 4. Net profitability (%)=net profit/sales revenue*100 5. Short-term obligations coverage ratio (times)= current assets/short-term obligations 6. ROA(%)= net profit/total assets*100 7. ROE(%)= net profit/total equity*100

Development directions in 2023 In 2023, the plan is to continue working in the Estonian market and with Estonian customers.

The focus is on expanding the network of material suppliers to avoid a shortage of materials in stock and to meet customer needs.