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UPM-Kymmene Otepää OÜ

Legal form:

Private limited company

Registry code:

10664333

VAT no.:

EE100621732

Fiscal-year period:

01.01 - 31.12

Established:

12.05.2000 (26)

Former business names:

AKTSIASELTS FSS PLYWOOD, UPM-Kymmene Otepää AS

Capital:

1 278 233 EUR

Address:

Tehase tn 2a, Otepää linn, Otepää vald, Valga maakond, 67404

Status:

Registered

Contacts

Email:

otepaa@upm.com

Phone:

+372 7679100

Industries

MANUFACTURING
Wood processing and manufacture of wood and cork products, except furniture; manufacture of articles of straw and plaiting materials
Sawing and planing of wood; wood processing and finishing
16111 - Sawing and planing of wood
Manufacture of products of wood, cork, straw and plaiting materials
Manufacture of veneer sheets and wood-based panels
16211 - Manufacture of veneer sheets and plywood

VAT liability

	Start	End
EE100621732	01.06.2000

Annual reports

Aggregate data

	Period	Submitted
2025	01.01.2025 - 31.12.2025	27.04.2026	Valid
2024	01.01.2024 - 31.12.2024	30.06.2025	Valid
2023	01.01.2023 - 31.12.2023	20.06.2024	Valid
2022	01.01.2022 - 31.12.2022	21.06.2023	Valid
2021	01.01.2021 - 31.12.2021	13.07.2022	Valid
2020	01.01.2020 - 31.12.2020	15.07.2021	Valid
2019	01.01.2019 - 31.12.2019	17.09.2020	Valid
2018	01.01.2018 - 31.12.2018	25.06.2019	Valid
2017	01.01.2017 - 31.12.2017	29.06.2018	Valid
2016	01.01.2016 - 31.12.2016	19.06.2017	Valid
2015	01.01.2015 - 31.12.2015	28.06.2016	Valid
2014	01.01.2014 - 31.12.2014	05.06.2015	Valid
2013	01.01.2013 - 31.12.2013	13.06.2014	Valid
2012	01.01.2012 - 31.12.2012	29.06.2013	Valid
2011	01.01.2011 - 31.12.2011	05.07.2012	Valid
2010	01.01.2010 - 31.12.2010	05.07.2011	Valid
2009	01.01.2009 - 31.12.2009	02.07.2010	Valid
2008	01.01.2008 - 31.12.2008	11.12.2009	Valid
2007	01.01.2007 - 31.12.2007	30.06.2008	Valid
2006	01.01.2006 - 31.12.2006	25.06.2007	Valid
2005	01.01.2005 - 31.12.2005	11.07.2006	Valid
2004	01.01.2004 - 31.12.2004	28.04.2005	Valid
2003	01.01.2003 - 31.12.2003	15.06.2004	Valid
2002	01.01.2002 - 31.12.2002	02.07.2003	Valid
2001	01.01.2001 - 31.12.2001	27.06.2002	Valid
2000	01.01.2000 - 31.12.2000	03.08.2001	Valid

Unsubmitted declarations

No unsubmitted declarations found

No unsubmitted declarations as of 06.06.2026.

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020406080100

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Tax data

	State taxes	Labour taxes	Taxable turnover	Employees
2026 Q1	5 625 563 €	945 073 €	22 267 733 €14.2%	259
Kokku 2026:	5 625 563 €	945 073 €	22 267 733 €
2025 Q4	6 426 061 €	934 831 €	25 956 529 €37.6%	256
2025 Q3	3 255 862 €	1 076 747 €	18 859 777 €32.4%	251
2025 Q2	3 792 882 €	1 145 673 €	27 911 173 €7.4%	249
2025 Q1	3 551 627 €	941 075 €	25 991 274 €0.1%	255
Kokku 2025:	17 026 432 €	4 098 326 €	98 718 753 €10.9%
2024 Q4	3 734 928 €	921 224 €	25 975 044 €28.2%	256
2024 Q3	4 474 868 €	950 827 €	20 261 066 €26.5%	249
2024 Q2	4 068 828 €	1 087 643 €	27 553 886 €80.7%	245
2024 Q1	1 810 221 €	801 266 €	15 247 274 €36.6%	245
Kokku 2024:	14 088 845 €	3 760 960 €	89 037 270 €15.1%
2023 Q4	2 948 772 €	859 405 €	24 051 421 €10.1%	245
2023 Q3	3 856 118 €	849 802 €	21 843 450 €37.7%	254
2023 Q2	3 713 539 €	951 638 €	35 077 296 €46.8%	247
2023 Q1	1 661 049 €	781 868 €	23 889 928 €13.6%	250
Kokku 2023:	12 179 478 €	3 442 713 €	104 862 094 €28.5%
2022 Q4	3 181 445 €	776 028 €	27 637 457 €87.6%	255
2022 Q3	2 725 235 €	749 890 €	14 732 191 €30.1%	256
2022 Q2	2 740 005 €	796 259 €	21 061 096 €15.9%	239
2022 Q1	2 087 570 €	657 827 €	18 170 919 €27.5%	243
Kokku 2022:	10 734 256 €	2 980 004 €	81 601 663 €21.7%
2021 Q4	3 320 888 €	642 170 €	25 059 434 €84.1%	240
2021 Q3	2 823 863 €	652 100 €	13 613 247 €21.9%	241
2021 Q2	2 126 574 €	719 521 €	17 436 779 €59.5%	237
2021 Q1	950 628 €	620 807 €	10 933 562 €16.8%	244
Kokku 2021:	9 221 952 €	2 634 598 €	67 043 023 €11.5%
2020 Q4	1 479 355 €	599 719 €	13 143 006 €13.1%	239
2020 Q3	2 944 611 €	709 087 €	11 622 573 €41.7%	251
2020 Q2	2 805 812 €	711 281 €	19 934 169 €29.3%	258
2020 Q1	2 171 285 €	621 104 €	15 413 397 €8.6%	264
Kokku 2020:	9 401 063 €	2 641 191 €	60 113 145 €2.4%
2019 Q4	2 355 366 €	595 134 €	16 870 600 €30.3%	263
2019 Q3	3 352 990 €	701 707 €	12 951 139 €25.2%	275
2019 Q2	2 385 109 €	669 063 €	17 315 187 €20.0%	258
2019 Q1	1 505 801 €	600 354 €	14 429 735 €13.8%	261
Kokku 2019:	9 599 266 €	2 566 258 €	61 566 661 €2.4%
2018 Q4	1 990 350 €	512 405 €	16 741 206 €33.5%	263
2018 Q3	5 523 773 €	681 473 €	12 541 184 €27.3%	259
2018 Q2	2 308 857 €	614 481 €	17 241 689 €26.9%	256
2018 Q1	1 502 079 €	542 894 €	13 582 124 €9.2%	255
Kokku 2018:	11 325 059 €	2 351 253 €	60 106 203 €4.3%
2017 Q4	2 135 938 €	496 098 €	14 961 483 €30.8%	249
2017 Q3	1 433 812 €	586 995 €	11 435 118 €30.1%	253
2017 Q2	2 133 691 €	612 650 €	16 358 905 €9.9%	250
2017 Q1	1 610 274 €	499 380 €	14 888 108 €77.9%	248
Kokku 2017:	7 313 715 €	2 195 123 €	57 643 614 €68.3%
2016 Q4	929 405 €	494 243 €	8 367 548 €6.0%	224
2016 Q3	604 881 €	525 905 €	8 903 593 €9.9%	224
2016 Q2	1 291 089 €	583 675 €	9 881 649 €39.1%	224
2016 Q1	634 508 €	419 731 €	7 106 063 €1.8%	224
Kokku 2016:	3 459 883 €	2 023 554 €	34 258 853 €0.2%
2015 Q4	1 040 047 €	373 976 €	6 983 750 €26.3%	200
2015 Q3	1 278 370 €	507 292 €	9 473 328 €8.0%	200
2015 Q2	1 781 992 €	551 168 €	10 292 698 €35.8%	200
2015 Q1	1 587 773 €	406 008 €	7 581 920 €	200
Kokku 2015:	5 688 182 €	1 838 444 €	34 331 696 €

Revenue by industry

	2023	2024	2025
Manufacture of veneer sheets and plywood	78 174 392 €	71 122 704 €	74 053 552 €
Sawing and planing of wood		5 978 954 €	5 881 592 €
Manufacture of other wood products, incl. wood chips, wood wool etc.	8 826 742 €

Tax debts

No tax debt found

No tax debt as of 06.06.2026

Representatives

Name	Personal ID code	Date of birth	Role	Start	End
Tõnu Saaber	37004XXXXXX	10.04.1970 (56)	Procurator	12.03.2026	-
Maria Katariina Jokinen	49405XXXXXX	13.05.1994 (32)	Board member	09.02.2026	-
Lasse Mikael Von Hertzen	38410XXXXXX	24.10.1984 (41)	Board member	13.10.2025	-
Lauri Kiivit	37606XXXXXX	28.06.1976 (49)	Procurator	26.06.2024	-
Mari Lüdimois	46901XXXXXX	29.01.1969 (57)	Procurator	26.06.2024	-

13 inactive record hidden, extended access to the information portal is required to view history!

1 - 5 / 9 rows

Shareholders

Name	Personal ID code	Date of birth	Role	Share	%	Type	Start	End
UPM Plywood Oy	18392XXXX	-	Shareholder	1 278 233,00 EUR	100	Sole ownership	01.09.2023	-

11 inactive record hidden, extended access to the information portal is required to view history!

1 - 1 / 1 rows

Other persons

Name	Personal ID code	Date of birth	Role	Start	End
Ernst & Young Baltic AS	-	-	Audit firm	28.10.2024	-
Aktsiaselts Forestex	-	-	Founder	12.05.2000	-
Schauman Wood Oy	-	-	Founder	12.05.2000	-
Stora Enso Timber AS	-	-	Founder	12.05.2000	-

3 inactive record hidden, extended access to the information portal is required to view history!

1 - 4 / 4 rows

Ultimate beneficial owners

Name	Personal ID code	Date of birth	Role	Start	End
Lasse Mikael Von Hertzen	38410XXXXXX	24.10.1984 (41)	Member of higher governing body (board or supervisory board)	19.01.2026	-
Maria Katariina Jokinen	49405XXXXXX	13.05.1994 (32)	Member of higher governing body (board or supervisory board)	19.01.2026	-
Tommi Juhani Talvia	38205XXXXXX	29.05.1982 (44)	Member of higher governing body (board or supervisory board)	15.01.2026	-

1 inactive record hidden, extended access to the information portal is required to view history!

1 - 3 / 3 rows

Holdings in companies

No holdings in companies found

Company has no holdings in other companies

2026 Q1

Turnover

Amount

22 267 733 €

Monthly average

7 422 578 €

Per employee

28 659 €

Equity ratio

580,69%

Labour taxes

Turnover ratio

4,24%

Tax ratio

16,80%

Monthly average

315 024 €

Per employee

1 223 €

State taxes

Monthly average

1 875 188 €

Turnover ratio

25,26%

Estimated salary

Gross salary

2 302 €

Net salary

1 856 €

Aggregate data

	2025	2024	2023	2022	2021	2020	2019
Current assets	49 693 916 €14.7%	43 343 080 €5.5%	41 089 584 €20.0%	34 244 004 €20.1%	28 508 354 €46.6%	19 450 328 €9.9%	21 589 244 €
Non-current assets	27 018 100 €10.4%	30 167 348 €0.7%	29 970 244 €8.9%	32 880 538 €7.5%	35 533 964 €7.9%	38 579 400 €3.5%	39 986 380 €
Total assets	76 712 016 €4.4%	73 510 432 €3.4%	71 059 832 €5.9%	67 124 544 €4.8%	64 042 316 €10.4%	58 029 728 €5.8%	61 575 624 €
Short-term liabilities	7 040 998 €4.1%	7 340 140 €9.0%	8 062 477 €4.8%	8 468 249 €31.3%	6 451 669 €5.6%	6 107 297 €11.1%	5 494 892 €
Long-term liabilities	67 859 €5.5%	64 345 €6.6%	60 361 €0.8%	59 865 €7.9%	55 482 €1.1%	54 893 €15.2%	64 733 €
Total liabilities	7 108 857 €4.0%	7 404 485 €8.8%	8 122 838 €4.8%	8 528 114 €31.1%	6 507 151 €5.6%	6 162 190 €10.8%	5 559 625 €
Share or stock capital	1 278 233 €	1 278 233 €	1 278 233 €	1 278 233 €	1 278 233 €	1 278 233 €	1 278 233 €
Retained earnings	56 827 711 €10.0%	51 658 758 €1.7%	50 818 196 €3.2%	49 256 933 €8.0%	45 589 309 €2.5%	46 737 766 €2.2%	47 768 685 €
Net profit	11 497 216 €12.7%	13 168 953 €21.5%	10 840 563 €34.5%	8 061 262 €24.4%	10 667 626 €177.0%	3 851 541 €44.7%	6 969 082 €
Equity	69 603 160 €5.3%	66 105 944 €5.0%	62 936 992 €7.4%	58 596 428 €1.8%	57 535 168 €10.9%	51 867 540 €7.4%	56 016 000 €
Turnover	79 935 144 €3.7%	77 101 664 €11.4%	87 001 136 €31.2%	66 304 004 €12.9%	58 704 764 €27.1%	46 200 168 €9.0%	50 766 368 €
Profit margin	14.38%15.8%	17.08%37.1%	12.46%2.5%	12.16%33.1%	18.17%118.0%	8.34%39.3%	13.73%

Financial ratios

	2024	2023	2022	2021	2020
Profit and cash flow
EBITDA	AC KLY OZI	ZE NAP YOF	OZ EKQ KWN	15 737 584	9 308 696
Liquidity
Current ratio	F.K	U.D	S.D	4.4	3.2
Quick ratio	O.I	X.Z	S.P	3.3	2.1
Cash ratio	G.W	B.S	A.K	0.0	0.0
Efficiency
Days sales outstanding (dso)	JVZ.A	WSR.K	KQN.Q	107.5	117.6
Asset turnover	L.A	N.L	N.J	1.0	0.8
Structure
Debt ratio	D.G	V.B	T.P	0.1	0.1
Profitability
Operating margin	AN.J%	YQ.O%	WP.E%	19.5%	11.2%
Net profit margin	DC.I%	SY.P%	AO.U%	18.2%	8.3%
Return on assets (roa)	CG.Y%	PC.Q%	GH.M%	17.5%	6.4%
Return on equity (roe)	OO.L%	HB.L%	GB.N%	18.5%	7.4%

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Licences & notices

Type	Number	Field	Status	Start	End
License	SLM17/0281	Frequency licences > Joint frequency licence	Valid	13.01.2017	12.01.2023

1 - 1 / 1 rows

Regulations

Regulation no.	Date	Type	Deadline	Status
Ä 20018225 / 27	12.03.2026	Entry - Amendment entry		Entered into force (12.03.2026)
Ä 20018225 / M14	06.03.2026	Order to remedy deficiencies - Amendment entry		Deficiencies remedied (12.03.2026)
Ä 20018225 / M13	25.02.2026	Directive order	04.03.2026	Entered into force (25.02.2026)
Ä 20018225 / 26	09.02.2026	Entry - Amendment entry		Entered into force (09.02.2026)
Ä 20018225 / 25	13.10.2025	Entry - Amendment entry		Entered into force (13.10.2025)

1 - 5 / 39 rows

Real estate

Address	Area	Purpose
Hundivälja, Otepää linn, Otepää vald, Valga maakond	127058 m²	Land without designated purpose 100%
Kivistiku, Pühajärve küla, Otepää vald, Valga maakond	11943 m²	Residential land 100%
Laane, Pühajärve küla, Otepää vald, Valga maakond	18035 m²	Residential land 100%
Masti, Otepää linn, Otepää vald, Valga maakond	99 m²	Industrial land 100%
Nõlvaku, Pühajärve küla, Otepää vald, Valga maakond	32042 m²	Agricultural land 100%

1 - 5 / 11 rows

Consumer Disputes Committee decisions

No consumer dispute committee decisions found

Company has not been issued consumer dispute committee decisions

Court decisions

Case number	Procedure type	Judgment type	Category	Judges	ECLI	Date	Participants
2-13-13229/64	Civil case	Court judgment	Labour law	Kai Kullerkupp, Üllar Roostoja, Kersti Kerstna-Vaks	ECLI:EE:TRRK:2017:2.13.13229.16404	17.05.2017

1 - 1 / 1 rows

Official announcements

Subject	Date
Notice of granting or refusal of an environmental permit	05.02.2024
Notice of disclosure of the draft environmental permit	15.01.2024
Notice of initiation of proceedings for an environmental permit	20.09.2023
Notice of granting or refusal of an integrated permit	10.08.2021
Notice of disclosure of the draft integrated permit	06.07.2021

1 - 5 / 16 rows

Public transactions

Date	Party	Amount	Classification
15.01.2024	Eesti Töötukassa	950.00 € Received	OTHER GRANTS Social protection of the unemployed
14.12.2023	Eesti Töötukassa	950.00 € Received	OTHER GRANTS Social protection of the unemployed
13.11.2023	Eesti Töötukassa	950.00 € Received	OTHER GRANTS Social protection of the unemployed
27.10.2023	Eesti Töötukassa	389.26 € Received	OTHER GRANTS Social protection of the unemployed
22.07.2022	Otepää Vallavalitsus	1 020.00 € Received	SOCIAL BENEFITS Housing services for social-risk groups

UPM-Kymmene Otepää OÜ

Contacts

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Aggregate data

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Real estate

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Court decisions

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Enforcement proceedings

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Payment orders

No payment orders found