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Tanel Mihkelson

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energy and mineral resources, heating materials, fuels, Wood, Solid fuels, Briquettes, Wood fuels, Miscellaneous special purpose machinery

WARMESTON OÜ's activity report 2022

The main activity of the Warmeston Group is the production and sale of biomass fuels for industrial and domestic use. The company uses only low-value logging wood and wood processing waste for the production of wood pellets, for which there is no alternative use outside of bioenergy in Estonia in the volumes used in pellet production. By creating a stable demand for low-value wood, the pellet sector improves the competitiveness of the Estonian forestry and wood industry and brings money into Estonia through mainly export-oriented sales. Wood pellets are used for renewable energy production.

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TIMBERSTOCK OÜ's activity report 2022

About the company briefly Timberstock OÜ deals with forest management. Since 2017, Timberstock OÜ belongs to the Warmeston OÜ group. Overview of economic acti
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About the company briefly Timberstock OÜ deals with forest management. Since 2017, Timberstock OÜ belongs to the Warmeston OÜ group. Overview of economic activity The forestry market was very volatile during the reporting year. We managed well in changing conditions. During the reporting year, we managed 105 thousand cubic meters of forest, in the previous financial year 145 thousand cubic meters of forest were managed. Ratios 2022 2021 Sales revenue (thousand eur) 13 128 6 537 EBITDA (thousand eur) 1 194 48 Profit (thousand eur) 1 065 -26 Balance sheet total (thousand eur) 4 559 3 391

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