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's activity report 2022

Est Profiil OÜ, a leading company in the manufacturing industry, is committed to providing high-quality construction profiles and supplementary accessories for facade insulation systems, as well as other construction materials and accessories. The company's operations span across Estonia, Latvia, Lithuania, and other parts of Europe, making it a significant player in the European construction industry. Est Profiil OÜ operates in the manufacturing industry, producing and marketing construction profiles and supplementary accessories for facade insulation systems. These include corner profiles with mesh, distance blocks, and other plastic profiles. The company's commitment to quality and innovation has positioned it as a trusted supplier in the construction industry.

In 2022, Est Profiil OÜ experienced significant growth, with sales revenue increasing by 24% to reach 2.2 million euros. The company's profit stood at 23,000 euros. The company's export to other European Union countries, including Latvia, Lithuania, Finland, and others, accounted for 38% of the sales revenue. Meanwhile, 62% of the sales revenue was generated from Estonian companies. Despite the impressive performance, the company did not make significant capital investments during the year.

Est Profiil OÜ's management team consisted of two members in 2022. On average, the company employed 10 people throughout the year. The economic forecasts for the Estonian construction market in 2023 are unclear at the time of reporting. However, the topic of facade insulation remains relevant due to Estonia's, Latvia's, and Lithuania's energy efficiency programs, which are supported by EU aid programs. However, the implementation of these programs has been delayed.

Est Profiil OÜ is optimistic about increasing its turnover in 2022, primarily at the expense of competitors who import products similar to those of Est Profiil OÜ. The company is also planning to add new products to its range. Efforts have been made during the off-season to find new resellers in 2022, including specialized sellers and general construction material sellers, and to pay more attention to increasing sales revenue in Estonia, Latvia, and Lithuania, as well as elsewhere.

The owners and management of Est Profiil OÜ have set a goal for the company to be a developing enterprise. To better meet customer demand, stay competitive, and increase its market share, the company plans to increase its production volume and product range.