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's activity report 2022

OÜ Stykel, a company with a rich history and a strong commitment to sustainability, was established in the year 2001. The primary business activity of the company revolves around the processing of forest materials into firewood and its subsequent sale. This process involves the careful selection of high-quality forest materials, their transformation into usable firewood, and the marketing and sale of these products to a diverse range of customers. In addition to this, OÜ Stykel also provides transportation services as per the needs of their clients. This service is designed to ensure the safe and timely delivery of their products, thereby enhancing the overall customer experience and satisfaction. However, the year 2022 was marked by a significant shift in the company's primary activity. The focus was shifted towards the sale of packaged firewood. Despite the strategic shift, the company experienced a decrease in sales revenue by 17% in 2022. The year was not particularly successful for OÜ Stykel, and it unfortunately resulted in a loss. Interestingly, the export of kamian firewood accounted for 50% of the company's turnover in 2022. This indicates the company's strong presence in the international market and its ability to cater to the diverse needs of customers across different regions. Looking ahead to 2023, OÜ Stykel plans to continue its existing operations. However, the company acknowledges the challenges associated with finding export partners. This is particularly difficult due to the increase in raw material costs and the subsequent rise in the price of the final product, especially when compared to the prices in Scandinavian countries. Despite these challenges, OÜ Stykel remains committed to its mission of providing high-quality firewood products to its customers. The company is constantly exploring new strategies and opportunities to overcome these challenges and ensure its continued growth and success in the future.