Already 3,238 people have seen this company's branding and they are being followed by 13 Storybook user.In average the company has been rated 4.8 points but has not been commented.

's activity report 2022

Ty Nordic OÜ was established in 2017. The main activity of the company is the wholesale of soft cuddly toys.

The company's sales revenue in 2022 was 8,963,434 euros. Compared to the previous year, sales revenue increased by 24.6%. A profit of 669,863 euros was made from economic activities.

In 2022, sales revenue was distributed by countries as follows: Sweden 34%, Norway 16%, Denmark 16%, Finland 10%, Latvia 9%, Estonia 7%, Lithuania 5% and other countries 3%. The average number of employees was 17 and the total amount of salaries and bonuses was 726,468 euros. No remuneration was calculated for the members of the board.

In the reporting year, 22,631 euros were invested in office space improvements, 33,526 euros in equipment and 3,020 euros in other tangible fixed assets. No significant tangible fixed asset investments are planned for 2023. 79,263 euros were invested in software development in the reporting year. In 2023, it is planned to invest almost twice as much in software development.

The disappearance of COVID-19 restrictions benefited the general development of the company's operating environment, but the war that started in Ukraine on February 24 affected the supply chain and consumer confidence in markets bordering Russia. War-related restrictions and the rise in energy prices increased inflation

in the Baltic and Scandinavian countries. Inflation and the increase in interest rates affected consumer behavior and retail trade slowed down. The above is expected to also affect the financial results of 2023, but we still look to the future with optimism.

The company's operations do not have significant environmental and social impacts. During the preparation period of the financial year report, no significant events have occurred that are not reflected in the annual financial statements.

In 2023, it is planned to strengthen the market position in all Scandinavian and Baltic countries and to finance the expansion of the consolidation group

to the Australian and New Zealand market.

The objectives and principles of Ty Nordic OÜ for hedging financial risks of financial instruments: (cid:127) The main financial obligation is a short-term loan from a credit institution with the aim of financing the entrepreneur's activities and maintaining an optimal capital structure in accordance with the expectations confirmed by the owner towards the entrepreneur. The balance sheet also includes cash, claims against buyers, other claims and obligations to suppliers.

(cid:127) The company's risk management is based on the principle that risks must be taken in a balanced manner, taking into account the rules internally established by the company and applying risk mitigation measures as appropriate, to achieve stable profitability of the company and preservation of the owner's asset value.

(cid:127) The company considers financial risk to be a risk that directly results from the main activity and making investments, including market risk, liquidity risk and credit risk, thereby reducing the company's financial capacity and/or asset value.

(cid:127) Market risk is the risk of changes in the fair value of financial instruments due to changes in market prices. The company's financial instruments that are mainly affected by changes in market prices are loan obligations. The main factor affecting the mentioned financial instruments is the interest rate risk.

Interest rate risk is the risk of changes in future cash flows of financial instruments due to changes in market interest rates.

(cid:127) The risks associated with changes in exchange rates, interest rates and stock prices that emerged during the financial year and the preparation period of the report have been insignificant for the company.

Financial ratios 2022. year 2021. year

Sales revenue growth (+) / decrease (-) % 24.6% -5.4%

Net profit growth % -3.6% 17%

Net profitability % 7.5% 9.7%

Liquidity ratio 0.63 2.92

Inventory turnover 1.8 2.0

ROA 11.5% 16.5%

ROE 19% 22%