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's activity report 2022

Company General Information

Tori Timber is an Estonian private capital-based timber trade company, which was established in 2006.

We represent Estonian and Latvian sawmills and forestry companies. Our main activity is the sale of roundwood, sawn timber, pallets and bulk materials (wood chips, sawdust).

Products are made from different types of wood such as spruce, pine, birch, aspen and alder. We export our products to different countries. Our customers are located in various European, Arab and Asian countries.

The company's headquarters is located in Estonia. We have a branch in Latvia. The company has a total of three offices and four timber warehouses (in 2021 there were 6), where specialists in their field work.

The aim of Tori Timber is to control product quality and ensure supply continuity, and to offer the best quality at a competitive price.

Revenues, expenses, profit

The main activity of Tori Timber OÜ in the reporting year was timber trade. Sales revenue was 59105169 euros and profit 6136657 euros. The favorable business climate in the timber trade sector had a positive impact on the economic activity and economic results of Tori Timber OÜ in 2022.

Investments In 2022, no major investments were made in the company. Small investments were made to renovate existing production premises.

Seasonality of business

There are no direct seasonal fluctuations in the business activities of Tori Timber OÜ. It can be said that the volumes of all quarters are more or less the same. A similar trend is also characteristic of operating profit.

Environment

The company is aware that environmentally friendly activity is the basis for creating an efficiently functioning environment and a sustainable society. Alongside the goal of achieving the highest possible efficiency, emphasis is placed on environmental protection in all its activities every day, and efforts are made to minimize the impact of its business activities on the environment, paying special attention to the energy efficiency of its activities and waste reduction.

Goals for the next fiscal year In 2023, activities will continue in the same areas of activity. The same volumes are not planned for next year as the slowdown in overall economic growth and especially in the timber sector will have a significant impact on economic activity and economic results. The plan is to digitize the company more.

Ratios:

Return on equity (ROE)=net profit/total equity.

Return on assets (ROA)=net profit/total assets.

Solvency ratio=current assets/short-term liabilities.

Liquidity ratio=(current assets-inventory)/short-term liabilities.

Debt ratio=liabilities/assets.

2022 2021

Return on equity 34% 41% (ROE)

Return on assets 28% 34% (ROA)

Solvency ratio 5.87 5.09

Liquidity ratio 5.39 4.62

Debt ratio 0.16 0.19