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's activity report 2022

In the year 2022, a significant shift occurred in the business operations of the company UIN. The company decided to cease the representation of products under the UIN brand. This marked the end of an era and the beginning of a new chapter in the company's history. The new brand that the company decided to represent is called 'Vaba'. This change was not just in name but also in the way the company conducted its business. The company launched an e-commerce platform, www.vabashop.ee, to facilitate the sale of products under the Vaba brand. This move was a strategic decision to adapt to the changing market dynamics and consumer behavior.

The financial year of 2022 ended on a positive note for the company. Despite the brand shift, the company managed to end the year with a profit. This is a testament to the company's robust business model and its ability to adapt to changes effectively. The sale of products under the Vaba brand constituted 7% of the total sales revenue. While this might seem like a small percentage, it is a significant achievement considering it was the first year of the brand's introduction.

In addition to the sale of Vaba branded products, the company continued to offer its service of promoting the sale of construction hand tools. This service proved to be the major revenue generator for the company, contributing to 93% of the total sales. This shows the company's expertise in this area and its ability to leverage it to maintain a steady revenue stream.

Looking ahead to the year 2023, the company plans to continue promoting its existing services and products. The focus will be on marketing and increasing the visibility of the Vaba brand. The company believes in the potential of the Vaba brand and aims to increase its contribution to the total sales.

In terms of remuneration, the board member's fee for the reporting year was 8257 euros. This figure is in line with the company's policy of rewarding its board members adequately for their contribution to the company's success. The company believes in maintaining a fair and transparent remuneration policy to ensure the satisfaction and motivation of its board members.