OUMAN ESTONIA OÜ

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This company's branding has already reached 5,008 peopleand his is followed by 78 Storybook users.On average, the company has been rated 5.0 points.and commente

OUMAN ESTONIA OÜ current status

This company's branding has already reached 5,008 peopleand his is followed by 78 Storybook users.On average, the company has been rated 5.0 points.and commented 2 times.

's activity report 2022

Ouman Estonia OÜ (formerly Enerpoint Saare OÜ) was established in 1998 and is a company based in Kuressaare that manufactures energy-efficient thermostats, ventilation and cooling equipment. Ouman Estonia OÜ is part of the Ouman Oy group of companies, which is the 100% owner of Ouman Estonia. The parent company is Ouman Oy, whose activities include group management, product design, and sales. Ouman Oy in turn belongs to the Ouman AB group based in Gothenburg, Sweden. In addition, Ouman Estonia OÜ has a sales office in St. Petersburg

Ouman OOO, for which liquidation proceedings have been initiated.

The board of Ouman Estonia OÜ has been operating with two members since January 2003 and until 6.05.2022 it included Rami Virolainen and Erik Keerberg.

As of 6.05.2022, the board members are Heikki Kalevi Uurto and Erik Keerberg.

The main production of Ouman Estonia OÜ in 2022 did not change compared to previous years: the main products continue to be sauna electronics, various thermostats and building automation components. The volume of these product groups in total turnover is over 90%. The main customers are

clients from Finland, Sweden, Norway and the Netherlands.

The production of Ouman Estonia OÜ is directly related to improving the energy efficiency of buildings. Automation optimizes heating and ventilation systems in buildings and ensures the most efficient use of energy. The macroeconomic environment has focused on reducing CO2 emissions and making households more energy efficient is one of the most important steps in achieving this. The trend is rapidly growing. The changing business environment creates very good prerequisites for Ouman's further development.

The field of building automation includes electronic components for heating, ventilation and cooling. There is no clear seasonality across the entire product portfolio - some product groups are more relevant during colder periods, others during warmer periods. There is no cyclicality.

The environmental and social impacts of electronics production are very minimal. The majority of waste generated is recycled, there is no air pollution at all. There are no negative social impacts.

The main investment of the reporting year was increasing warehouse stock for the purpose of improving supply reliability (in crisis situations), automatic tester,

SMD component storage towers, measuring tools for the R&D department. The main investment for 2023 is the completion of the procurement of an additional SMD line, the procurement of an automatic component identification system, an X-Ray component accounting system and an additional storage tower.

The most noteworthy research and development projects are the redesign of the hardware and software of legacy floor heating thermostats for the purpose of improving supply reliability, modifying the hardware of a universal heating automation controller and developing two new models of floor heating thermostats.

In 2023, plans are to start customizing floor heating thermostats to customer-specific needs.

Significant events that are not reflected in the annual financial statements but could significantly affect the results of future financial years are listed in Annex No. 22 „Events after the reporting date“.

There were no risks associated with changes in exchange rates, interest rates and stock prices during the reporting year.

The amount of equity on the balance sheet date complies with the requirements of the Commercial Code.

During the financial year, no own shares or parts were acquired or pledged as collateral.

Main financial ratios:

Main financial ratios 2021 2022

Coverage ratio of short-term liabilities 2.1 1.7

Liquidity ratio 0.5 0.6

Debt ratio (%) 42.5 52.6

Gearing 0.7 1.1

Interest coverage ratio 76.2 39.9

Return on equity ROE (%) 9.0 10.0

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