Already 1,841 people have seen this company's branding and they are being followed by 19 Storybook user.In average the company has been rated 4.8 points but has not been commented.

's activity report 2022

LIDO Eesti OÜ (hereinafter also referred to as the „Company“) was registered in October 2013 and offers catering under the LIDO brand name in Ülemiste Center. LIDO is part of a Latvian-origin restaurant chain, which has a very long-term catering experience.

The company did not make investments when it was opened, the restaurant is located on a rented space and the construction was financed by

Ülemiste Center. The restaurant was opened in March 2015.

The success of the second LIDO restaurant established in Ülemiste Center in Estonia is based on a diverse menu and a wide range of choices, delicious foods prepared on site, the opportunity to compose a food portion according to one's wish and quick service, as well as the LIDO characteristic interior with approximately 300 seats. Depending on the season, the menu is supplemented with available fresh local ingredients. The task of the company's management is to develop the service and tourism sector, relying on high quality and paying attention to healthy nutrition and environmental conservation.

In order to achieve even more stable and consistently good quality in all Estonian LIDO restaurants and more efficient use of labor resources, production has been centralized - in LIDO Eesti OÜ since 2017.

The production workshop prepares semi-finished products and fresh products are transported to other LIDO restaurants every morning. Since 2020, after the coronavirus pandemic, LIDO AS (Latvia) production started supplying

Restaurants in Estonia with semi-finished products, some of which are finished in LIDO Eesti production and some products are finished in each LIDO restaurant-bistro. Centralizing production in Estonia and supplying semi-finished products from the Latvian production unit has allowed for a reduction in the number of employees and savings in labor costs.

The owner of LIDO AS has transferred 51% of the entire Company in favor of Treeland OÜ.

The past financial period was positively influenced by the recovery from the coronavirus crisis, which was reflected in an increased number of customers and growth in turnover.

The Russian invasion and aggression war against Ukraine starting at the beginning of 2022 had a significant impact on the Company's 2022/2023 financial period results. The rise in inflation caused an increase in commodity costs, which had a negative impact on the margin and consequently, there was also an increase in sales prices. In addition to the above-mentioned circumstances, the increase in energy costs also had a significant impact on the Company's 2022/2023 financial year results.

One of the development directions is to introduce a self-service checkout system. Currently, it is not planned to acquire the system as a significant investment, but to use it as a rental service for equipment.

The management has assessed the impact of external conditions on the Company's financial situation and sustainability, analyzed the possible impact on the Company's turnover and future cash flows, and dealt with mitigating associated negative economic factors and risks.

The management has assessed the impact of the war in Ukraine on the Company's financial results and potential impact

on the Company in the future. The decrease in domestic consumption in the Company's home markets, the growth of unemployment, constant price pressure on raw materials, and drastically fluctuating energy costs may negatively affect the Company's results in the near future as well. The Company's management has been moderately cautious in its forecasts. This financial year report has been prepared in a way that takes into account the possible impact of the war in Ukraine both in the completed financial year report and the possible impact on the cash flows of the following financial years and