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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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RAJA KT OÜ's activity report 2022

OÜ Raja KT was established in 1993. The company's main activity was and is the production of wood chips and its realization in the Republic of Estonia. In 2002,
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OÜ Raja KT was established in 1993. The company's main activity was and is the production of wood chips and its realization in the Republic of Estonia. In 2002, it added the purchase and sale of forest materials, the purchase and sale of sawdust, and the provision of transport services. Since 2015, OÜ Raja KT has a 100% subsidiary in Latvia, Raja KT SIA. In 2022, OÜ Raja KT Group's sales revenue was 12,136,658 euros (9,175,186 euros in 2021), which is 32.3% higher than in 2021. Operating expenses in 2022 were 10,811,972 euros (8,714,351 euros in 2021), which increased by 24.2% compared to

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