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's activity report 2022

Ulmer ehitus OÜ, a renowned construction company, has been primarily engaged in the construction of residential and non-residential buildings in 2022. This core activity is not only the focus of the past year but is also planned to be the mainstay for the upcoming operational years. The company's commitment to this sector is unwavering, and they continue to strive to deliver high-quality construction services to their clients.

In the fiscal year, Ulmer ehitus OÜ reported a sales revenue of 487 thousand euros, a slight decrease from the 502 thousand euros reported in 2021. Despite the slight dip in sales revenue, the company has managed to maintain a steady flow of income, demonstrating its resilience in the face of market fluctuations and economic uncertainties.

The cost of goods sold and operating expenses for the company amounted to 426 thousand euros, an increase from the 390 thousand euros reported in the previous year. This increase in expenses can be attributed to various factors, including the rising costs of materials and labor in the construction industry. Despite these increased costs, the company has managed to maintain a healthy profit margin.

The net profit for the fiscal year was 17 thousand euros, a decrease from the 23 thousand euros reported in 2021. While this decrease in net profit may seem concerning at first glance, it's important to note that the company is still profitable and continues to generate a positive return on investment for its stakeholders.

In terms of capital investment, Ulmer ehitus OÜ invested 4 thousand euros in fixed assets during the past fiscal year, a decrease from the 14 thousand euros invested in 2021. This decrease in capital investment can be attributed to the company's strategic decision to focus on optimizing its current operations and resources rather than expanding its asset base.

Interestingly, the company did not make any significant expenditures on research and development in the past fiscal year, according to its development plan. Furthermore, it does not plan to make any significant investments in this area in the next fiscal year. This strategy suggests that the company is confident in its current methodologies and technologies and is focusing its resources on executing its core operations effectively.

In conclusion, Ulmer ehitus OÜ has demonstrated resilience and adaptability in its operations in the past fiscal year. Despite facing challenges such as increased operating costs and a slight decrease in sales revenue, the company has managed to maintain profitability and continues to deliver high-quality construction services. Looking ahead, the company plans to continue focusing on its core operations of constructing residential and non-residential buildings, demonstrating its commitment to its clients and the construction industry.