This is a short summary of Estanc`s activities and results in recent years. In this presentation we bring you also a brief summary of who we are, what we believe in, what we do and how has it been on this path.

As far as financial reporting is concerned, there is a common belief among SMEs that you should describe as much as you have to and as little as possible. Transparency in our business is one of Estanc`s core values, both internally and externally. As we continually learn and develop, our goal is to be better than before and releasing our past activities will not harm our future competitiveness. We take example from open and publicly responsible companies.

The presentation is aimed at all Estanc`s stakeholders.

Our company everyday action is based on few principles:

We at Estanc are mission and vision driven

Our culture is the base of our organization

We act by our values internally and externally

We set a clear strategy for moving forward

Estanc is a processes based company

Continous improvement and developing is a must for us

We aim to improve the quality of life for all Estanc's stakeholders

The mission of Estanc is to manufacture process equipment, that supports the creation of a more sustainable World

The vision of Estanc is to offer manufacturing service par excellence.

Customers

Employees

Suppliers

Partners and organisations

Society

Owners

Through its mission in a sustainable way Estanc aims to be beneficial to all its stakeholders

We believe that our actions result in a triple bottom line

Environment

  • Reduction and renewable resources in energy consumption.
  • Reduction in imput materials consumption.
  • Reduction in wastage.
  • Usage of environment-friendly solutions in production halls, office and everday decisions

Social

  • Improving safety conditions and reducing health risks of our workers
  • Provide above average compensations and conditions to our workers.
  • Be a responsible tax-payer
  • Be a exemplary member of the local community and related organizations.

Economic

  • Revenue
  • Profit
  • Adding value
  • Increasing productivity
  • Optimizing costs

OUR BUSINESS INPUTS

Financial resources beginning of 2018

  • Total Equity 3,16 MEUR
  • Interest-bearing debt 9,96 MEUR
  • Cash and cash equivalents 0,10 MEUR

Manufacturing and services

  • 13 500 m2 of production area
  • 180t + 100t + 60t lifting capability
  • Proven customer references
  • Wide product portfolio
  • Design, strength calculation and heat calc services

Natural resources

  • Raw material usage 2 000 t
  • Pre-fab components usage
  • Energy consumption 1 141 MWh
  • Water consumption

Human resources

  • Number of employees 134
  • Number of permanent rental workers 15
  • Skill and leadership training
  • Investment in health and safety

Social and relationship

  • Over 100 customers
  • Relationships and partnerships in different industries
  • Universities and educational institutions
  • Open dialogue with stakeholders
  • Collaboration with local communities
  • Leader and example in values communication

Our business model

Estanc revenue in 2018 was total 18,8 MEUR

Our clients are mainly world leading companies operating globally in basic industries such as Energy, Petrochemical,
Pulp & Paper, Marine, Water treatment, Mining, Wood processing but also from the other fields.
Our business is focused to three main product categories. Heat Exchangers, Pressure Vessels and Scrubbers.

Heat_exchanger_condenser Estanc AS info@estanc.ee +3726145400
Heat exchangers

3,2 MEUR

17%

Pressurized_tank Estanc AS info@estanc.ee +3726145400
Pressured tanks

5,9 MEUR

31%

Scrubbers Estanc AS info@estanc.ee +3726145400
Scrubbers

7,3 MEUR

39%

  • Non pressure tanks
  • Chimneys
  • Pipings
  • Services

Our actions daily

Estanc is a 27-year-old company that has grown from a simple tank manufacturer to a manufacturer of challenging technical process technology.
We produce equipment for companies operating in sectors that play an important role in the well-being of our environment. For our customers, it is important that their solutions are sustainable and sustainability as a mindset is one of the key principles.
In Estanc, we are delighted to also be able to contribute to the creation of a more lasting world and also to the deceleration of climate change thanks to our high-quality products and exemplary operations, so that with a smaller footprint to the nature, so that current and future generations have a better world.

We partner with companies that share our values

We say no to corruption

We are spreading our way of thinking and leading the way

We are praising initiatives that align with our mindset

Our people and their health is a priority

We are collecting rain water for our manufactural testing

We are using electricity from renewable sources

We are training people and arrange sustainable strategy-days

Managing company with young and experienced management

OUR OUTPUTS 2018

Environmental

  • 30% of water used is rain and gathered
  • 100% of electricity is green, total 1141 MWh
  • 100% materials from developed countries
  • 80 trees planted to local community
  • Ca 50% waste and by-products recycled

Financial

  • Profit 1,01 MEUR
  • EBITDA 2,30 MEUR
  • Revenue 18,75 MEUR
  • Order Intake 27,40 MEUR
  • ROE 27,95%
  • CAPEX 1,15 MEUR
  • Value added 6,42 MEUR

Social

  • Lost time injury frequency rate 3,26
  • 2100 Hours of learning, courses and seminars
  • Employee engagement rate 3,29 (max 4,0)
  • Job satisfaction rate 3,5 (max 4,0)
  • Total employment expenses 4,53 MEUR
  • Labour taxes to government 1,80 MEUR
  • Payments to suppliers 13,38 MEUR
  • Responsible Business Index recognition
  • Family Friendly Employer recognition
  • Respecting Differences recognition
  • Support for local non-profit organizations

Financial KPI Graphs

Revenue

Ebitda

Net profit

CAPEX

Order intake

Value added

Value added per employee

ROE %

ROE Estanc AS info@estanc.ee +3726145400

ROS %

ROS Estanc AS info@estanc.ee +3726145400

Financial P/L and Balance

Profit/Loss statement

201620172018
Operating revenue17,670,58617,728,68518,748,296
Cost of goods sold-14,968,975-15,674,641-15,675,726
Gross profit2,701,6112,054,0433,072,570
Sales expenses-847 092-618 775-705 737
Administration expenses-748 864-776 372-951 866
Other revenue11 02014 40136 746
Other expenses-24 226-26 172-30 284
Operating profit1 092 449647 1261 421 429
Interest paid-245,758-294,279-344,580
Other financial revenue and expenses2,466-9,339-50,027
Total financial revenue and expenses-243,292-303,618-394,607
Profit before tax849,157343,5081,026,007
Taxation-25,000-12,500-15,000
Net profit824,157331,0081,011,007
Gross profit margin %15.29%11.59%16.39%
Net profit margin %4.66%1.87%5.39%
EBIDTA1,903,5631,462,2682,298,852
EBIDTA margin %10.77%8.25%12.26%
DA sum811,114815,142878,238

Balance

Current assets201620172018
Cash and cash equivalent1 853105 916564 919
Debtors1 322 6091 735 2622 244 180
Stock5 105 7435 188 6986 903 249
Total current assets6 430 2057 029 8769 712 348
Long term financial investments
Financial investments490 048492 721494 197
Financial claims and advances29 42129 4210
Total long term financial investments519 469522 142494 197
Tangible and Intangible fixed assets
Tangible fixed assets7 963 22910 622 01010 953 421
Intangible fixed assets436 449528 306446 061
Total tangible and intangible fixed assets8 399 67811 150 31611 399 482
Fixed assets total8 919 14711 672 45811 893 679
Total Assets15 349 35218 702 33421 606 027
Current Liabilities
Short-term loans1 906 2971 795 4662 323 829
Accounts payable4 719 2455 584 1737 330 691
Total current liabilities6 625 5427 379 639 9 654 520
Long-term liabilities
Long-term loan5 845 5858 163 4627 841 267
Total long-term liabilities5 845 5858 163 4627 841 267
Total Liabilities12 471 12715 543 10117 495 787
Equity
Equity capital25 56025 56025 560
Reserve capital2 5562 5562 556
Retained earnings2 025 9522 800 1093 071 116
Profit from current year824 157331 0081 011 007
Total Equity2 878 2253 159 2334 110 239
Total Liabilities and Equity15 349 35218 702 33421 606 027