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BALTWOOD AS's activity report 2022

The main activity of the company is the purchase and sale of forest land and agricultural land, we also buy timber and growing forest. We also deal with planting tree seedlings on our properties. We also rent agricultural land. The main place of operation is Jõgeva County: Torma and Saare municipality, as well as Avinurme and Ida-Virumaa. No research and development expenditures were made during the reporting year. Revenues, expenses and profit Sales revenue in 2022 was 14,112,894 euros. Other business income was 272,481 euros. Operating profit was 4,396,804 euros. Investments During the

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