KLEMENTI

COMMENTARY TO FINANCIAL RESULTS



COMMENTARY TO Q4 2000 INTERIM REPORT



The consolidated and unaudited net sales of AS Klementi in year 2000 

amounted to EEK 113.5 million, which is EEK 7.4 million or 6.96% more 

than in 1999 (1999 consolidated net sales EEK 106.2 million). In year 

2000 the exports amounted to EEK 61.7 million, or 54.3% of net sales.



Compared with the same period last year, the sale of goods produced 

increased by 9.8% (from EEK 70.5 million to EEK 77.5 million). The 

share of goods produced of net sales was 68.22%.

Sale of goods produced by markets (million EEK):



2000        1999        Q4 2000       Q4 1999 

Estonia           47.9        49.7           13.4          16.7

Latvia, Lithuania 14.7        11.5            6.1           3.8

Finland, Sweden   13.8         8.4            1.4           0.5

Other              1.1         0.9              0             0



In 2000 the company’s subcontracting sales totaled EEK 31.2 million, 

accounting for 27.50% of net sales (29.81% in). Compared with last 

year, the share of subcontracting works was lower by 2.31%. 



In year 2000 AS Klementi posted EEK 1.3 million net profit (in 1999: 

EEK 2.8 million loss). In Q4 the company earned EEK 1.7 million (in 

Q4 1999: EEK 0.5 million loss).



In Q4 2000 the new logistics center of AS Klementi was completed.





Madis Võõras

Management Board chairman

+372 6710 700