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Activity report 2022

Armein OÜ, a company primarily engaged in logging, has always upheld the core values of correctness, honesty, and precision in all its dealings. This commitment to integrity and meticulousness has been a cornerstone of the company's operations, setting a high standard for all its business transactions.

In the financial year, Armein OÜ reported a turnover of 104238 euros and a profit of 13177 euros. These figures reflect the company's robust financial health and its ability to generate a steady stream of revenue. The company's management had set specific financial goals for the fiscal year, and it is noteworthy that all these objectives were successfully achieved. This accomplishment underscores the company's strategic planning capabilities and its ability to execute its plans effectively.

During the reporting year, the company invested 5483 euros in fixed assets. This investment is indicative of the company's commitment to strengthening its operational capabilities and enhancing its productivity. By investing in fixed assets, the company is laying a solid foundation for its future growth and profitability.

In 2022, the company did not make any expenditures on research and development, and it does not plan to do so in the following year either. This decision reflects the company's current strategic focus, which is presumably more oriented towards consolidating its existing operations rather than venturing into new areas of research and development.

For the next fiscal year, the company is planning for a growth in turnover of 10 to 15 percent. This ambitious target is a testament to the company's confidence in its business model and its ability to generate increased revenues. However, the company also acknowledges that its net profit plan will be significantly influenced by rising prices and the overall economic stagnation. This realistic assessment of the economic environment demonstrates the company's understanding of the market dynamics and its ability to adapt its strategies accordingly.

The wage cost for the reporting year was 1368 euros. Interestingly, no remuneration was paid to the board member for the board work during the reporting year. The company's CEO and chairman's duties are performed by a partner. This arrangement is indicative of the company's lean management structure and its commitment to cost efficiency.

Armein OÜ continues to operate as an ongoing economic unit. This statement reaffirms the company's stability and its commitment to continue its operations despite the challenging economic environment. The company's resilience and its ability to navigate through economic uncertainties are indeed commendable.