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HOLTTEM AS

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HOLTTEM AS's activity report 2022

AS Holttem has prepared the 2022 consolidated annual report of the group. During the past fiscal year, the company continued its traditional business, mainly producing glued laminated timber and sawn timber from both solid and finger-jointed laminations of pine wood. CONSOLIDATED GROUP The consolidating unit of the consolidated group is AS Holttem (parent company) and the consolidated unit is OÜ Karksi-Nuia Soojus (subsidiary). AS Holttem owns 100% of the share capital of OÜ Karksi-Nuia Soojus. The investment in the subsidiary is reflected in the unconsolidated balance sheet using the

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