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's activity report 2022

Enics Eesti AS was established in 2004 and its main activity is the production of industrial electronics products for companies operating in the industrial sector. The owner of the company is GPV DACH (Nordic) AG.

In connection with the change of ownership in 2022, the company's business name has been changed and as of 20.01.2023 it is GPV Estonia AS. GPV Group is one of the world's leading manufacturers of industrial electronics, with 19 factories in 13 countries on three continents.

Economic Environment

The economic environment in 2022 continued to be unstable and was mainly affected by the global component crisis and increased input prices. The availability of components has not met market demand, instability in the supply chain has affected production efficiency, and rapid growth in input prices has resulted in weaker than expected economic performance.

Employees and Organization

The average number of employees in 2022 was 909. In the company's management board, Udo

Streller was replaced by Peter Bouwsema in May 2022 and Miroslav Sagan by Veiko Vaher in September.

The members of the company's council were Elke Eckstein, Marko Lehtinen and

Karoliina Kauppinen until December 2022, then Bo Lybaek, Henrik Tornbjerg and Martin Kjaerbo. The company's annual report was audited by KPMG Baltics OÜ. During the reporting year, a fee was paid to the members of the board but not to the members of the council.

Significant Environmental and Social Impacts

The company sets annual environmental goals and monitors their achievement. The main goal is to reduce the environmental footprint, including

reducing CO2 emissions and energy use, including increasing the use of renewable energy, recycling materials, collecting and disposing of waste by type (including

compliance with the packaging recycling law) and reducing the use of hazardous substances in production.

As the largest employer in the region, the company considers it important to contribute to the local