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's activity report 2022

OÜ Relsiit Haldus is a company based on Estonian capital, established in 2014.

The main area of activity is forestry, buying and selling of forest properties and the purchase of growing forest cutting rights.

Forestry is mainly carried out in Southern Estonia.

Additional activities include the transportation of forest materials, renting out office, warehouse, and production spaces. Maintenance and repair of motor vehicles.

The majority of the company's turnover is made up of forest logging and timber sales. Our priority in forest management is balanced and ethical forest use. We hope to continue to act on the same considerations in all situations in the future. We want the productivity and renewal capacity of our forests to be preserved as a result of our economic activity, and the forest as a natural environment for future generations.

The main customers are companies engaged in forestry in Southeast Estonia.

We are engaged in the development of renewable energy and the establishment of small solar parks, which reduce the ecological footprint of fossil energy and increase energy security through local dispersed production.

The main objectives of OÜ Relsiit Haldus in the next financial year are to rise in market position, secure itself in existing markets, reduce costs, increase investments in forest logging technology and land purchase.

Responsible and green business - we believe that entrepreneurs who follow good societal practices and green principles have future potential. More and more people are making purchasing and consumption decisions not only considering the brand and prices, but also considering the activities and principles of production of the manufacturers.

Relsiit Haldus is open to responsible and innovative developments.

The company's board has two members.

Main financial ratios and their calculation methodology

Formulas used in calculation 2022 2021 2 356

Sales revenue in euros 3 606 137 364

Revenue growth (%) = (Sales revenue 2022 – Sales revenue 2021)/

Revenue growth % 53.04% 7.78%

Sales revenue 2021 * 100

Short-term obligation coverage ratio (times) =

Short-term obligation coverage ratio 1.06 1.06

Current assets/Short-term obligations

Asset productivity Asset productivity= Sales revenue/Total assets 1.30 1.64