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's activity report 2022

The roofing company OÜ was established in June 2014 by Estonian private individuals with long-term roofing construction experience.

The field of activity is general construction, with a narrower specialization in the construction and repair of roofs and facades, and waterproofing works.

Thanks to the trust of clients and suppliers and a good team, the company operates well. The results have exceeded the originally planned goals. In 2022, the company's development continued and sales revenue increased compared to the previous year. We consider the achieved results to be good. We built and repaired 444 roofs. Sales revenue increased largely due to the increase in the price of construction materials by 36%, and profitability also increased.

We continue to be at the forefront of leading roofing companies in Estonia in terms of turnover.

No significant investments were made in 2022.

To hedge financial risks, we continued with financial investments, where we have invested money in stocks, crowdfunding, bonds, and loans, and which is managed by an experienced manager.

We plan to continue with financial investments in 2023.

No significant research and development projects and related expenditures are planned for the reporting year and the following year.

Despite the war in Ukraine, the construction sector is currently still relatively stable, but the future is unpredictable and does not inspire optimism. There is a slight decrease in construction volumes. Seasonality also affects the amount of our work - fewer roofing works are ordered in winter and early spring.

Of the more significant environmental and social impacts, we would highlight the still too low sorting of construction waste and the reuse of demolished or leftover materials on construction sites.

Since 2014, the roofing company OÜ has been a member of the Estonian Roofing and Facade Masters Association MTÜ.

In 2018, we joined the Estonian Chamber of Commerce and Industry.

We plan a slight decrease in sales revenue for 2023. Due to the increase in input prices and the war in Ukraine, a decrease in profitability can be predicted.

Main financial ratios 2022 2021

Sales revenue 11 400 607 8 378 047

Operating profit 1 432 007 326 484

Net profit 1 373 118 333 117

Total assets 4 125 630 3 078 369

Short-term liabilities 1 071 010 997 571

Total long and short-term liabilities 1 071 010 997 571

Equity 3 013 916 2 080 798

Current assets 3 335 439 2 564 511

Turnover growth (%) = (sales revenue 2022-sales revenue 36.07 23.48 2021)/sales revenue 2021*100

Operating profitability (%) = operating profit/sales revenue*100 12.56 3.89

Net profitability (%) = net profit/sales revenue*100 12.04 3.97

Return on assets (ROA) (%) = net profit/year 33.28 10.82 average total assets*100

Return on equity (ROE) (%) = 45.55 16.00 net profit/year average equity*100

General solvency level = current assets/short-term 0.80 2.57 liabilities

Asset turnover ratio = sales revenue/year average 2.76 2.72 total assets