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's activity report 2022

General information

OÜ Saru Lauavabrik was registered in the business register on 30.05.2017 with the registration code 14268901. The company's address and place of business is Puidutööstuse Saru village Rõuge parish Võrumaa. The share capital is 195,000 euros, there are three shareholders, two of them are natural persons and one is a legal entity. There are three members of the board.

OÜ Saru Lauavabrik continues its operations as a subsidiary of AS Viljandi Aken ja Uks.

General development of the operating environment and its impact on the company's financial results

Estonian Bank economist Kaspar Oja 1.03.23 Decline in exports slows economic growth: „The decline in exports is due to various factors: increased energy prices, deteriorated availability of raw materials, decreased demand in target markets, etc. Despite the recession, rapid price increases have maintained wage pressure, which has led to a rapid increase in the unit cost of labor. However, the growth in companies' profits is not far behind. This in turn means that production costs in Estonia have risen sharply, which could threaten competitiveness and future economic growth. More detailed data from industrial companies show that the biggest impact on the economy is the decline in the wood industry and related sectors. On the one hand, the possibilities for importing wood have deteriorated, but on the other hand, demand in target markets has also changed. The rise in interest rates is slowing down the development of the construction sector and there is also a decrease in demand for certain products that became more popular during the corona period. Looking at the industrial sectors, the electronics industry seems to be doing a bit better.“

OÜ Saru Lauavabrik bought part of the raw material until the sanctions imposed by the European Union and Estonia

From Belarus. Deliveries have been interrupted due to sanctions. A replacement has been found in the Estonian, Latvian, Swedish and Finnish markets. Therefore, production continues according to orders, but the number of orders has decreased.

An agreement on the increase in the selling price has been reached. Hopefully, the number of orders will return to growth during 2023 and the financial results of Saru Lauavabrik OÜ will improve.

Significant environmental and social impacts associated with the company's operations

The reduction of significant environmental impacts of the company's economic activity is ensured through the FSC® certificate.

The risk assessment of the country or region of origin of the wood is central to the FSC controlled wood system. If

A company with an FSC supply chain certificate buys wood from an uncertified supplier, it must follow the risk assessment to prevent controversial wood from falling under the FSC trademark and into the supply chain.

The standard stipulates that the origin of the material must be proven and documented up to the forest management unit. OÜ Saru Lauavabrik has an FSC certificate (group-based).