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's activity report 2022

In March 2018, the Finnish company Casemet OY acquired the business of the Estonian company Larmek OÜ. As a result of the transaction, the company Casemet OÜ was born, which belongs to the Casemet OY group.

In April 2021, the company Fimeca Eesti OÜ acquired the mechanical business area of the Pärnu factory.

Casemet OÜ specializes in the production of complete solutions and mechanical parts, offering high-quality subcontracting to electronics and mechanical engineering companies.

The production of Casemet OÜ includes various device housings and their individual mechanical parts, shields used on printed circuit boards, device front panels, ultra-thin metal components and connection cables. In cooperation with customers, they also offer the development of individual test samples up to serial production. Having a wide network of cooperation, the company can offer various surface treatments, printing solutions, laser engraving, electronic assemblies and other things related to the company's profile. The materials and technologies used by Casemet OÜ comply

with the requirements of the RoHS Directive.

Being one link in the modern production process, the company understands its customers' needs and therefore order management, delivery reliability and product quality are the company's priority.

Casemet OÜ has a modern and diverse machine park and trained and dedicated employees. In order to meet the needs of customers, continuous investment has been made in staff training and equipment modernization.

Casemet OÜ earned sales revenue of 7.0 million euros in 2022, the figure was 5.5 million in 2021. Profit earned from business activities has grown by 65 percent compared to the previous period.

The company's priority for the next financial year is to maintain and improve productivity, ensure reasonable profit growth and cash flows. In effective cooperation with customers and employees, the set goals are implemented, which ensure long-term success for Casemet OÜ in strong competition.

On February 24, 2022, a military conflict broke out between Russia and Ukraine, which has caused an increase in costs. Raw materials and shipments are more expensive, the general rise in prices has caused inflation and the pressure for wage increases is high. Due to the uncertain situation, the management cannot provide a reliable quantitative estimate of the impact of the conflict on the company.