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's activity report 2022

Timber Sales Group OÜ has been operating in Estonia since 2019. The main area of activity is the wholesale of coniferous pallets and packaging timber. In addition, Timber Sales Group OÜ offers supply chain management services and technical overview, enabling our business customers to use our business experience and regional presence to get the best possible conditions. The company's partners are wholesale companies in Estonia and manufacturing companies and wholesale companies abroad.

The Timber Sales Group OÜ supply chain is certified by FSC.

Revenues, expenses and profit in 2022, Timber Sales Group OÜ had sales revenue of 2,283 thousand euros, of which sales to the UK - 37%, Estonia - 19%, Ireland - 18%, Germany - 13%. The company's loss amounted to 184 thousand euros.

Exchange rate risk

The company has no significant obligations and claims in foreign currencies. Other risks, such as interest rate and exchange rate changes, have not had a significant impact on the company's business operations.

Personnel

Since the establishment of the company, 4 people have worked in the company. In total, the salary accounted for employees in 2022 was 61 thousand euros.

Significant environmental and social impacts

The main activity of Timber Sales Group OÜ does not have a significant environmental impact and does not have negative effects on the environment.

The company's workforce is relatively stable, there is no labor turnover. All employment contract conditions are met.

The goals for the next fiscal year in 2023 are to continue in the same areas of activity and, if possible, increase the number of customers and