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's activity report 2022

W.EG. EESTI OÜ is the largest seller of electrical materials in Estonia, with an estimated market share of 30%. Since 2016, W.EG. EESTI OÜ (formerly known as Elektroskandia

Baltics OÜ) belongs to the world-famous WÜRTH GROUP.

W.EG. Estonia is 100% owned by a German company called FEGA

AND SCHMITT ELEKTROGROSSHANDEL, which is part of the WÜRTH GROUP.

W.EG. Eesti OÜ (hereinafter WEG) is a provider of energy-efficient solutions and electrical materials in the fields of construction, power networks, industry, and lighting. WEG's mission is to be the preferred partner for its customers, offering them a wide range of sustainable and innovative products and services in automation, technical equipment, and energy management.

At the same time, WEG's goal is to be the preferred employer in its field. The company employs over a hundred of the best specialists in their field.

WEG's nationwide sales network ensures fast and quality service for customers.

WEG has sales offices in Tallinn Ülemiste and Mustamäe, Tartu, Pärnu, Jõhvi,

Rakvere, Viljandi, Võru, Kuressaare, Paide, and Narva, as well as electrical material distribution points in Kärdla and Rapla. WEG's central warehouse is located in Tallinn, offering more than 7,000 products. The products in WEG's range comply with the standards and requirements set by the European Union. To comply with environmental protection standards and recycling requirements, cooperation is carried out

with MTÜ Eesti Pakendiringlus. WEG's service is based on reliable and trustworthy deliveries.

WEG's central warehouse and largest offices are certified by Bureau Veritas according to ISO 9001/2008 and ISO 14001/2004 standards.

In 2022, the company expanded its sales network in Estonia by opening a new office

in Haapsalu and made a significant investment in the development of e-commerce: the product range of the online store was expanded and the functionality of the online store was improved to better serve its customers. The changes made have helped to increase the turnover of the online store by more than 30% of our total turnover in 2022.

In 2022, WEG won the Enefit Connect OÜ procurement for the purchase, storage, and logistics of electrical materials and equipment, which ensures the supply of materials for the repair and maintenance of the Elektrilevi OÜ electricity distribution network across Estonia 24/7. In 2022, W.EG. also won several other important new tenders, including several tenders for street and highway lighting solutions in various cities.

The spread of the COVID-19 virus in Estonia and around the world, as well as the Russia-Ukraine war, did not have a negative impact on W.EG.'s financial results and profitability in 2022. The reliability of our goods supply and the quality of the service provided have remained and even improved, however, the prices of some products have increased due to the rise in raw material prices.

Revenues, expenses, and profit - updated in 2022, WEG's sales revenue amounted to 60,042,307 euros. The gross profit was 10,487,713 euros and the profit was 1,082,708 euros. The total wage costs were 5,360,666 euros. The company