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's activity report 2022

Principles of cooperative activity

A cooperative is a voluntarily formed organization that can include all individuals who can use the services of the cooperative and are willing to bear the responsibility of membership. Hiiumaa Consumers

The main goal of the cooperative is to sell goods and provide services to its members on favorable terms.

Continuity of Hiiumaa Consumers' Cooperative

In Hiiumaa, cooperative trade began at the end of the last century, when on May 9, 1907, Kärdla

The Consumer Cooperative opened its first store. The main activity of Hiiumaa Consumers' Cooperative is retail trade, selling food, consumer goods, industrial and construction goods. There are 7 stores across Hiiumaa, with a total commercial area of 3474 m².

The stores are located: in Kärdla Hiiu Konsum/ Hiiumaa department store and Tormi Konsum

In Käina Käina Konsum / Construction Center

In Emmaste Emmaste store

In Nurste Nurste store

In Suuremõisa Suuremõisa store

In Kõrgessaare Kõrgessaare store Since July 2020, the company has its own online store at https://hiiumaa.ecoop.ee/. Home delivery of orders takes place 3 times a week: on Tuesday, Wednesday and Friday.

The main activity of Hiiumaa Consumers' Cooperative's subsidiary Hiiumaa Kitchen and Baker OÜ (100% stake) is the production and marketing of bakery, confectionery and culinary products.

As of December 31, 2022, Hiiumaa Consumers' Cooperative has 1114 cooperative members or client owners.

In 2022, 27 new members were accepted.

Hiiumaa Consumers' Cooperative is part of Coop Estonia Enterprises.

Coop's regional cooperatives started in 1902 in Antsla. Today, Coop Estonia consists of 18 regional consumer cooperatives that operate on the principle that Coop is local, unites people, promotes life and gives back to its own. Coop's cooperatives have a total of 330 stores, with a net turnover of over 800 million euros in 2022 and a market leader position in the Estonian food and consumer goods market of 23.6 percent.

Coop Estonia celebrated 120 years of operation in 2022 and Coop Hiiumaa 115 years of operation.

Coop Estonia Central Cooperative is an economic cooperative providing services to member cooperatives, the main services of which are: (cid:1) assortment management and goods procurement service, (cid:1) logistics service, (cid:1) unified marketing activity and campaign organization, (cid:1) development service, (cid:1) IT services, (cid:1) representation and protection of the interests of Coop Estonia enterprises both domestically and internationally.

In cooperation with Coop Bank, it has become possible to make cash deposits and withdrawals from all Coop store cash registers, and when paying for goods with a Coop Bank debit card, the customer gets Säästukaart Pluss discounts.

Hiiumaa economic environment in 2022

No major employers were added in Hiiumaa in 2022. The average salary in Hiiumaa is slowly rising, but still remains below the Estonian average. According to Statistics Estonia, the population of Hiiumaa continues to slowly decrease, with the population decreasing most among young and working-age people. The three most inhibiting factors for economic recovery are the lack of living and commercial spaces, modest connections with the mainland, and the island's poor coverage with fast internet. In the light of the energy crisis, it is necessary to quickly find a solution for ensuring the transmission capacity of renewable energy in Hiiumaa. The sectors showing the highest potential growth in Hiiumaa's economy are agriculture, textile and clothing industry, food industry, wholesale and retail trade, and construction. The plastic industry continued its stable growth trend, which together with wholesale and retail trade