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TB SOLUTIONS OÜ's activity report 2022

TB Solutions OÜ (TBS) is a company dealing with bulk material handling systems and project solutions.

Main areas of activity are waste management and energy, mining and quarries, terminals and stevedores, and pulp and wood industry.

The aim of TBS is to ensure the success of our clients. We understand our clients' value chain and strive for more sustainable solutions through innovative solutions. We provide our clients with support throughout the product life cycle and thus ensure the longevity of the technology we have supplied.

The company's main markets to date have been predominantly in the Baltic States and Scandinavia.

The financial year for TBS 2022/2023 is 01.07.2022-30.06.2023, the financial year for 2021/2022 is 01.01.2021-30.06.2022.

TBS is part of the Lignator AS group.

Financial Results

The sales revenue of TBS in the 2022/2023 financial year was 6,195,152 euros. The turnover was divided by the main product groups as follows: 81% project solutions sales, 14% equipment maintenance, and 5% industrial equipment and accessories sales. The goal for the next financial year is to increase the market share of maintenance services. We will continue to implement the strategy set out in the field of project solutions and product development.

The main area of activity of TBS, waste management, is rapidly developing in connection with the climate and green goals agreed upon by the European Union. Countries are obliged to create regulations by the agreed deadlines to achieve material recycling rates, which require waste management companies to sort materials to a greater extent. This, in turn, requires significant investments in both sorting and material recycling technologies. The latter is also the reason why TBS has set its focus