This company's branding has already reached 18,863 peopleand his is followed by 378 Storybook users.On average, the company has been rated 2.9 points.and commented 25 times.

's activity report 2022

Introduction

Stell Eesti AS is a real estate management company providing property maintenance services in Estonia. Stell has offices in Tallinn, Tartu, Pärnu, Jõhvi, Viljandi, Haapsalu and Kuressaare. The company is a long-term member of PARE and EKKL.

Strategic activity In 2021, the cleaning company KYYRIX OÜ, which operated in Southern Estonia, was acquired, and its integration was completed by the summer of 2022. From the beginning of 2022, preparations were made to separate the Stell IT department and the department was structured in such a way that it could operate as a separate company. In March 2022, the IT department was separated

from Stell and now operates independently.

A separate focus was on the development of the Stell Training and Competence Center, which became a separate budgetary income unit during 2022. A brand, website, marketing plan and strategy were developed during the year. Stell's

Training and Competence Center conducted 625 academic hours of training, nearly 50% of which were external training. In addition, long-term consulting contracts have been signed with real estate developers.

Stell continued to contribute to the field through active participation in various professional commissions, university fairs and other events to introduce the field of real estate maintenance to young people. During the year, 3 students have done administrator practice at Stell, 2 of whom have continued to work at Stell alongside their studies after the internship period.

Clients, services and sales revenue

In the last quarter, an annual customer and employee satisfaction survey was conducted, the results of which continue to show a high recommendation index.

Throughout the year, the provision of services has been affected by the energy crisis and the war started by Russia against Ukraine. Due to several circumstances, it was necessary to deal with the control of input cost increases and to advise clients on how to optimize service prices or help clients save costs. A major challenge in the middle of the year was the availability of goods and the procurement of vehicles necessary for the provision of services. In addition, there were several price increases for goods during the year, all of which could not be passed on to the customer through a service price increase.

The company's goal is to reduce its environmental impact annually, both by reducing paper quantities in the office and by using hybrid engine machines in the vehicle fleet. The latter has given a positive result in fuel consumption, as the vehicle park has grown, but the volumes of fossil fuels used in liters have remained the same as last year.

In the past financial year, sales revenue grew by 14.5%, the biggest influencer being the winning of new customer contracts in the second half of 2022 and the recovery of sales volumes in the entertainment and HORECA sector due to the decline of the Covid virus compared to the previous year. The company exceeded the sales revenue limit of 30 million euros, making Stell the largest private company in its field in Estonia.

Seasonality or economic cycles do not have a significant impact on the company's operations.

Personnel

The average number of employees at Stell in the 2022 financial year was 1,188 employees; the company's total labor costs were 17,048 thousand euros. There is still a shortage of skilled workers and specialists, but the turnover of company employees has decreased. The number of employees rejoining the company has grown year by year. Several structural changes were made during the year, creating new positions and strengthening the management capacity of service units.

At the time of preparing the annual report, the current management board of the company consists of 3 members, including Mikk Sillamaa,

Kaur Õllek and Margus Välling.

Financial results

Stell's target group is property owners and property users, to whom a comprehensive maintenance solution is offered.

The company's turnover for the reporting year was 30,053 thousand euros and net profit 1,017 thousand euros. Cleaning and maintenance services accounted for 70.72% of sales revenue, management and maintenance services 28.15%, and other support services together 1.13%.

Main financial ratios 2022 2021

Sales revenue (thousand euros) 30,053 26,259