This company's branding has already reached 5,579 peopleand his is followed by 17 Storybook users.On average, the company has been rated 4.8 points.and commented 4 times.

's activity report 2022

Lumbar OÜ was established in September 2002. In 2010, the production of wood chips began, and since 2011, the production of wood chips has been the main activity of the company.

Since 2019, Lumbar OÜ is part of the Combi group.

Shares are divided as follows: Kiviselg Holding OÜ 50%, Combiwood Invest OÜ 25%, Woodsmart OÜ 12.5%, Trailborg OÜ 12.5%

The mission of Lumbar OÜ is to promote renewable energy through the production and sale of wood chips. The vision is to become one of the largest and most competitive wood chip producers in Estonia.

Lumbar OÜ has set the following goals to follow the mission and implement the vision: (cid:127) Use the highest quality raw material for wood chip production; (cid:127) Efficient use of raw material resources; (cid:127) Produce wood chips, the quality/price ratio of which would be maximum; (cid:127) Increase competitiveness by offering quality wood chips; (cid:127) Increase productivity and production volume, thereby increasing market share and achieving greater market influence; (cid:127) Increase the awareness of wood chips and their quality among customers; (cid:127) Ensure constant overview of the market and knowledge of the competitive situation; (cid:127) Improve internal product quality control to ensure quality stability; (cid:127) Constantly receive feedback from customers; (cid:127) Reduce the proportion of fixed costs in the cost price; (cid:127) Increase employee satisfaction and thereby ensure their motivation.

Main risks: (cid:127) Changes in contracts with main customers to our disadvantage or termination of contracts; (cid:127) high raw material (energy wood) price - the risk is a sudden or significant increase in raw material prices; (cid:127) technical problems related to machines/equipment; (cid:127) weather conditions; (cid:127) customers not adhering to payment deadlines.

The financial year was significantly influenced by the sharp increase in demand for wood chips and the resulting increase in raw material and sales prices.

Key Lumbar OÜ financial ratios over the past two years:

Ratio Formula 2022 2021

Profitability ratios (%)

Operating profitability operating profit/sales *100 10.04 0.2

Net profitability net profit/sales *100 9.1 -1.4

Net asset profitability ROA net profit/average asset *100 22.15 -2.3

Net equity profitability net profit/average equity *100 83.74 -11.6

ROE

Balance sheet liquidity ratios

Payment ability ratio current assets/short-term liabilities 1.55 1.02

Liquidity ratio (current assets-inventory)/short-term liabilities 0.45 0.47

Equity ratio equity/(liabilities and equity in total) 0.34 0.17