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's activity report 2022

The main activity of OÜ Delux Production is the production and sale of beds, spring mattresses and textile products.

The sale of products to major retail chains across Europe takes place in close cooperation with them, which means weekly and, if necessary, even daily deliveries directly to the customers' warehouses.

In 2022, the company opened a new store in Pärnu in addition to the factory stores in Viljandi, Narva and Valga. In 2023, the company plans to open a new concept flagship store in Tallinn.

The company's sales revenue in 2022 was 14.3 million EUR.

Staff

Every employee has the right to work in a safe environment. This is based on productive and smooth work, clarity of goals and responsibilities, and the skills necessary to perform work tasks.

To prevent accidents, we constantly pay attention to identifying and eliminating risks. Our success and profitability are based on competent and motivated employees. To create the best possible environment for work and development, we promote well-being at work, paying attention to occupational health, well-being and safety, and equal treatment. By developing a management culture, we support the performance and development of our employees. We focus on a positive, innovative and flexible business culture. Innovation keeps us up to date.

Efficient teamwork and independent decision-making play a key role. We also support employees' sports activities and partially reimburse massage.

In 2022, the company employed an average of 130 employees.

Investments

Investments were directed to the main production workshops of the company to increase production efficiency and improve the working environment.

There were no research and development expenditures in the company in 2022, and none are planned for 2023.

However, Delux Production OÜ continues to plan investments in fixed assets aimed at improving quality/productivity and preserving the environment in 2023, to ensure the sustainability of the company and strengthen its competitiveness in the market.

Goals for the next fiscal year

We have started working with new clients and increased turnover in both Switzerland and Germany. We expect the biggest change in turnover in the Danish market. Delux Production's goal for 2023 is to increase market share both in Europe and beyond.

The management confirms that the company has sufficient resources to continue operations for the next 12 months from the date of approval of the report, so the going concern principle in preparing the 2022 report is fully applicable.

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