This company's branding has already reached 7,178 peopleand his is followed by 27 Storybook users.On average, the company has been rated 4.8 points.and commented 2 times.

Strategic decision: No desire to increase customer base
Board member Oliver Akenpärg (04.04.2024): "We focus only on providing high-quality service to existing customers and maintaining relationships. We do not plan to increase our customer base."

's activity report 2022

About the Company

The annual report has been prepared on the activities and objectives of OÜ Arens Construction Works for the reporting year and the following years.

OÜ Arens Construction Works was established in 2010 and registered in the Business Register on 10.03.2010. The main activity of the company during the reporting year was the construction of residential non-residential buildings (EMTAK code 41201) including general construction works such as construction and reconstruction of private houses, roofing works and also restoration of historical buildings. The main area of activity of the company is Saaremaa.

The most important and larger projects of 2022 were the construction of Kummeli Konsum, the construction of an extension to Kuressaare Jysk, Saaremaa

Renovation and construction of an extension to the Department Store, reconstruction of the convent building of Kuressaare Castle.

Revenues, expenses and profit In 2022, the sales revenue of OÜ Arens Construction Works was 8,868,740 euros. Sales revenue was obtained from construction and repair works in Estonia.

The net profit of OÜ Arens Construction Works amounted to 418,490 euros.

Average number of employees and wage costs In 2021, the average number of employees of the company was 24 and the wage costs were 468,054 euros.

Main financial ratios 2022 2021

Revenue growth (%) = (sales revenue 2021 - sales revenue 2020) / sales revenue 2020 *100 22.8% 7.1%

Profit growth (%) =(profit 2021 - profit 2020)/ profit 2020*100 121.9% -56.8%

Net profitability (%) = net profit/ sales revenue*100 4.7% 2.6%

Short-term obligation coverage ratio (times) = current assets / short-term obligations 1.68 3.79

ROA (%) = net profit / total assets * 100 13.2% 9.9%

ROE (%) = net profit / total equity * 100 21.2% 12.1%

Objectives for the next fiscal year

The goal for the next fiscal year is to successfully complete existing contracts, such as Saaremaa Department Store and Kuressaare

Castle's convent building.

As for new projects, the goal is to conclude contracts in the current declining situation in the construction market, where risks would be as diversified as possible.

In conclusion, the company strives to maintain and further develop the chosen direction of activity in order to secure its position in the construction market.