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's activity report 2022

PH Building OÜ, a construction company based in Estonia, was established on the 19th of January, 2016. The company began its operations in the same year, focusing primarily on the construction of residential and non-residential buildings in Estonia and Finland. This blog post will delve into the financial performance, personnel, and future objectives of PH Building OÜ, as well as the potential impact of global events on its operations.

In terms of financial performance, PH Building OÜ has shown a steady increase in its sales revenue over the years. In 2022, the company generated a sales revenue of 590,234 euros, a slight increase from the 556,279 euros recorded in 2021. This growth in revenue is a testament to the company's commitment to delivering quality construction services and its ability to adapt to market changes.

However, the company's operating expenses in 2022 were 110,035 euros, a significant decrease from the 169,606 euros recorded in 2021. This reduction in operating expenses can be attributed to the company's strategic cost management measures. Despite the decrease in operating expenses, PH Building OÜ ended the financial year with a profit of 24,350 euros, indicating a positive financial performance.

In terms of personnel, PH Building OÜ operates with a lean team. The company's board consists of one member, and on average, the company employs seven workers. In 2022, the company's wage expense was 150,346 euros, and the social security expense was 50,819 euros. This lean team structure allows the company to maintain operational efficiency while ensuring that each employee plays a significant role in the company's success.

Looking ahead, PH Building OÜ's primary objective for the next financial year is to continue its operations in the same industry. This goal reflects the company's commitment to its core business and its confidence in the potential growth of the construction industry in Estonia and Finland.

However, the company acknowledges the constant changes in the economic environment in Estonia and globally, primarily due to the ongoing war. As of the date of preparing this report, the company cannot predict the potential impacts that these changes may have on its turnover in the near future. Despite these uncertainties, PH Building OÜ remains committed to navigating these challenges and continuing to provide quality construction services to its clients.