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's activity report 2022

Introduction

The financial year of Produktaiest OÜ lasted from January 31 to December 31, 2022. It was the second year of operation.

In 2022, Produktaiest OÜ continued its business activities. The main activity of Produktaiest OÜ is retail sale in non-specialized stores, where the majority are foodstuffs, beverages, tobacco products, and industrial goods. The loss in 2022 was 286,184 euros, as the second store in Tallinn was opened in September 2022, but rent, utilities, and wages were paid from July. The cost of opening the second store led to an increase in the loss, which will be covered over 5 years.

The average number of employees in 2022 was 16. A total of 199,714 euros was paid out in wages. The board of Produktaiest OÜ consisted of one person in 2022. No remuneration was paid to the board members.

Goals for the next financial year

Our goals for 2023 are to ensure sales growth and return on equity, and to respond quickly to market changes.