Already 5,024 people have seen this company's branding and they are being followed by 86 Storybook user.In average the company has been rated 5.0 points but has not been commented.

's activity report 2022

AS Viiratsi Sawmill together with its subsidiaries AS Aegviidu Puit, AS Viru-Nigula Sawmill and OÜ

Nordwood form a group, the main activity of which is the production of sawn timber. The companies use the common trademark NORDWOOD.

Production

The group produced 274 thousand m3 of sawn timber (in 2021 284 thousand m3).

Innovation

Developments in economic software in the field of warehouse management and production planning.

Significant events and investments

Production stoppages due to lack of raw materials.

Import of raw materials from Sweden, Norway, Finland and Latvia.

Completion of the AS Aegviidu Puit office building.

Establishment of a solar park by AS Viru-Nigula Sawmill for supplying electricity to wood dryers.

.

The following financial ratios characterize the economic activity and financial position of the group:

Year 2022 2021

Solvency ratio 4.06 3.40

Debt ratio 0.18 0.23

Asset turnover 1.65 1.90

Net return on sales % 14.63 22.14

Net return on total assets ROA% 24.16 42.14

Net return on equity ROE% 28.66 46.49

EBITDA 19 192 23 779

Formulas used in calculating ratios:

Solvency ratio: (Current assets - inventories) / Short-term liabilities

Debt ratio: Total liabilities / Total assets

Asset turnover: Sales revenue / Average total assets

Net profitability: Net profit / Sales revenue (%)

Net return on total assets: Net profit / Average total assets (%)

Net return on equity: Net profit / Equity (%)

EBITDA: operating profit + depreciation (thousand euros) 2023. year

The planned sawn timber production volume of the group's companies is approximately 268 thousand m3 of sawn timber.