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's activity report 2022

Rematix OÜ, a company established on December 13, 2021, is a leading provider of high-voltage electrical work, electrical installation operations, and electrical project design. The company is entirely based on Estonian private capital, making it a significant player in the local market. In the economic environment of 2022, the company faced several challenges. The war in Ukraine, which began in 2022, significantly impacted the availability of electrical materials. This situation led to price increases and a general sense of uncertainty, which in turn affected the construction market. The war resulted in a decrease in construction projects, which had a ripple effect on various sectors, including the electrical work industry.

The local labor market was also affected, making it difficult to find specialists to carry out electrical work. This situation was further exacerbated by the energy crisis that intensified in the second half of the year. The subsequent inflation is expected to impact the construction market in the coming years, primarily through a decrease in purchasing power leading to a reduction in construction work.

In terms of investments, 2022 was a year of minimal investment in tools and equipment for Rematix OÜ. The primary focus was on capital accumulation. However, the company has plans for the next fiscal year. It intends to invest in transportation means and more efficient tools, indicating a strategic shift towards enhancing operational efficiency and productivity.

The management and employees of Rematix OÜ also play a crucial role in its operations. The board of Rematix OÜ consists of one board member, demonstrating a lean management structure. The average number of employees during the fiscal year was three, and labor costs amounted to 72,632 euros. This figure indicates the company's commitment to maintaining a skilled and dedicated workforce despite the challenging economic environment.

In conclusion, Rematix OÜ, despite being a relatively new player in the market, has shown resilience in the face of economic challenges. Its strategic focus on capital accumulation and planned investments in transportation and efficient tools demonstrate a forward-thinking approach. However, the ongoing war in Ukraine and the resulting economic uncertainties pose significant challenges that the company will need to navigate in the coming years.