This company's branding has already reached 6,622 peopleand his is followed by 6 Storybook users.On average, the company has been rated 5.0 points.but there is no comment.

's activity report 2022

Field of Activity

The company was established on December 11, 2001, and on June 9, 2015, the parent company of the Ingka group, located in the Netherlands, bought the company, the new name of the company became IRI Investments Estonia OÜ. In October 2019, the company's name was changed to Ingka Investments Estonia OÜ. The main activity of the company is the acquisition of forest land, its management, and the sale of logging rights. Ingka Investments Estonia OÜ has an FSC sustainable forestry certificate SCS-FM/COC-006145 (certifier NEPCon OÜ), which is renewed every year. During the reporting period ended on August 31, 2022, the company continued to buy forest land and manage it sustainably. The company invested 798 thousand EUR in forest renewal in 2021 and 747 thousand EUR in 2022. In 2023, it is planned to invest 1,168 thousand EUR in forest renewal. As of August 31, 2022, the company owned 2140 cadastral units with a total area of 22,219 ha. The company has 8 contractual employees, whose salaries totaled 404 thousand EUR.

Covid-19 has not had a significant impact on the company's operations. The only impact has been the increase in home office work volume.

The year 2022 has been successful for Estonian wood industry companies. As a result of the attack on Ukraine by Russia, wood prices have risen and the availability of raw materials has decreased. As a result, both domestic and international demand for wood products has increased. Input prices have increased significantly over the past six months. The cost of capital in the market has risen and the overall economic situation has deteriorated significantly. These factors have a negative impact on the fair value assessment of biological assets, as the weighted average cost of capital is currently rising.

Consumers around the world have become more environmentally conscious and thus the demand for certified wood has increased. Ingka Investments

Estonia OÜ does not actively manage more than 10% of its own lands.

Reporting period results

The company ended the financial year with a loss of 2,103,120 EUR.

Main financial ratios

Main ratios for the financial year and their calculation methodology 2022 2021

Short-term debt coverage ratio 9.80 17.38

Debt ratio 0.55% 0.44%

ROA 1.81% -0.01%

Used formulas:

Short-term debt coverage ratio = current assets/short-term liabilities

Debt ratio = liabilities/assets

ROA = annual profit (biological asset revaluation not considered)/assets