AS Saaremaa Piimatööstus

Active Registry code 10053871 AS Kuressaare linn Registered 21 Aug 1996
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AS Saaremaa Piimatööstus is a AS based in Kuressaare linn, registry code 10053871, status: active. Main activity: Manufacture of cheese and curd. According to EMTA, turnover for Q3 2026 was €9 447 415 with 77 employees.

Turnover
9 447 415 €
↑ 22.6% vs Q2 2026
State taxes
0 €
Labour taxes
249 298 €
↑ 13.3% vs Q2 2026
Employees
77
−6 vs Q2 2026

Q3 2026 · data from the Tax and Customs Board (EMTA)

Position in the industry Manufacture of food products · EMTAK 10

  • Turnover · Q3 2026 9.4 mn €
    industry median 45 078 € · companies in the industry: 614
  • Labour taxes per employee 3 238 €
    industry median 1 325 € · companies in the industry: 551
  • Revenue · 2025 34.7 mn €
    industry median 18 772 € · companies in the industry: 1 075
  • Net profit margin · 2025 -4.0 %
    industry median 2.1 % · companies in the industry: 817

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 9 447 415 € · +22.6% vs Q2 2026 · industry median 45 078 € · above 98% of the industry
02 0004 0006 0008 00010 000Q4 2023 Company: 8 952 665 € Industry median: 54 156 €Q4·23Q1 2024 Company: 9 074 642 € Industry median: 49 728 €Q2 2024 Company: 8 980 999 € Industry median: 55 467 €Q2·24Q3 2024 Company: 8 230 827 € Industry median: 52 453 €Q4 2024 Company: 7 980 506 € Industry median: 55 699 €Q4·24Q1 2025 Company: 7 991 104 € Industry median: 45 267 €Q2 2025 Company: 9 188 707 € Industry median: 45 781 €Q2·25Q3 2025 Company: 9 544 478 € Industry median: 42 511 €Q4 2025 Company: 8 522 556 € Industry median: 43 779 €Q4·25Q1 2026 Company: 7 987 315 € Industry median: 42 208 €Q2 2026 Company: 7 705 336 € Industry median: 43 291 €Q2·26Q3 2026 Company: 9 447 415 € Industry median: 45 078 €Q3·2602 0004 0006 0008 00010 000Q4 2024 Company: 7 980 506 € Industry median: 55 699 €Q1 2025 Company: 7 991 104 € Industry median: 45 267 €Q1·25Q2 2025 Company: 9 188 707 € Industry median: 45 781 €Q3 2025 Company: 9 544 478 € Industry median: 42 511 €Q3·25Q4 2025 Company: 8 522 556 € Industry median: 43 779 €Q1 2026 Company: 7 987 315 € Industry median: 42 208 €Q1·26Q2 2026 Company: 7 705 336 € Industry median: 43 291 €Q3 2026 Company: 9 447 415 € Industry median: 45 078 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of food products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Labour taxes per employee, € Q3 2026: 3 238 € · +22.2% vs Q2 2026 · industry median 1 325 € · above 89% of the industry
01 0002 0003 0004 000Q4 2023 Company: 2 753 € Industry median: 1 130 €Q4·23Q1 2024 Company: 3 156 € Industry median: 1 255 €Q2 2024 Company: 2 751 € Industry median: 1 151 €Q2·24Q3 2024 Company: 3 015 € Industry median: 1 235 €Q4 2024 Company: 2 853 € Industry median: 1 242 €Q4·24Q1 2025 Company: 2 896 € Industry median: 1 334 €Q2 2025 Company: 2 962 € Industry median: 1 237 €Q2·25Q3 2025 Company: 3 471 € Industry median: 1 349 €Q4 2025 Company: 3 258 € Industry median: 1 355 €Q4·25Q1 2026 Company: 3 168 € Industry median: 1 278 €Q2 2026 Company: 2 650 € Industry median: 1 307 €Q2·26Q3 2026 Company: 3 238 € Industry median: 1 325 €Q3·2601 0002 0003 0004 000Q4 2024 Company: 2 853 € Industry median: 1 242 €Q1 2025 Company: 2 896 € Industry median: 1 334 €Q1·25Q2 2025 Company: 2 962 € Industry median: 1 237 €Q3 2025 Company: 3 471 € Industry median: 1 349 €Q3·25Q4 2025 Company: 3 258 € Industry median: 1 355 €Q1 2026 Company: 3 168 € Industry median: 1 278 €Q1·26Q2 2026 Company: 2 650 € Industry median: 1 307 €Q3 2026 Company: 3 238 € Industry median: 1 325 €Q3·26
  • Company
  • Industry median

Industry: Manufacture of food products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Employees Q3 2026: 77 · −7.2% vs Q2 2026
020406080100Q4 2023 Company: 82Q4·23Q1 2024 Company: 74Q2 2024 Company: 82Q2·24Q3 2024 Company: 74Q4 2024 Company: 76Q4·24Q1 2025 Company: 78Q2 2025 Company: 82Q2·25Q3 2025 Company: 76Q4 2025 Company: 77Q4·25Q1 2026 Company: 74Q2 2026 Company: 83Q2·26Q3 2026 Company: 77Q3·26020406080100Q4 2024 Company: 76Q1 2025 Company: 78Q1·25Q2 2025 Company: 82Q3 2025 Company: 76Q3·25Q4 2025 Company: 77Q1 2026 Company: 74Q1·26Q2 2026 Company: 83Q3 2026 Company: 77Q3·26
State taxes, € thousand Q3 2026: 0 €
050100150200Q4 2023 Company: 121 536 €Q4·23Q1 2024 Company: 38 828 €Q2 2024 Company: 0 €Q2·24Q3 2024 Company: 68 472 €Q4 2024 Company: 0 €Q4·24Q1 2025 Company: 0 €Q2 2025 Company: 0 €Q2·25Q3 2025 Company: 0 €Q4 2025 Company: 0 €Q4·25Q1 2026 Company: 169 706 €Q2 2026 Company: 0 €Q2·26Q3 2026 Company: 0 €Q3·26050100150200Q4 2024 Company: 0 €Q1 2025 Company: 0 €Q1·25Q2 2025 Company: 0 €Q3 2025 Company: 0 €Q3·25Q4 2025 Company: 0 €Q1 2026 Company: 169 706 €Q1·26Q2 2026 Company: 0 €Q3 2026 Company: 0 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 9 447 415 — 249 298 77
Q2 2026 7 705 336 — 219 979 83
Q1 2026 7 987 315 169 706 234 447 74
Q4 2025 8 522 556 — 250 869 77
Q3 2025 9 544 478 — 263 821 76
Q2 2025 9 188 707 — 242 909 82
Q1 2025 7 991 104 — 225 877 78
Q4 2024 7 980 506 — 216 795 76
Q3 2024 8 230 827 68 472 223 124 74
Q2 2024 8 980 999 — 225 593 82
Q1 2024 9 074 642 38 828 233 539 74
Q4 2023 8 952 665 121 536 225 758 82
Q3 2023 9 099 631 156 120 238 402 79
Q2 2023 9 337 085 81 592 308 721 79
Q1 2023 8 015 275 — 255 079 79
Q4 2022 9 709 337 — 268 884 80
Q3 2022 9 308 564 56 380 300 381 85
Q2 2022 9 003 369 — 220 224 92
Q1 2022 6 717 541 — 240 240 90
Labour taxes per employee per month
1 079 €
Turnover per employee in the quarter
122 694 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 34 659 068 € · +5.6% vs 2024 · industry median 18 772 € · above 98% of the industry
010 00020 00030 00040 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 23 916 853 € Industry median: 30 835 €20192020 Company: 22 718 747 € Industry median: 25 856 €20202021 Company: 25 937 054 € Industry median: 27 831 €20212022 Company: 33 757 926 € Industry median: 27 183 €20222023 Company: 33 982 834 € Industry median: 25 465 €20232024 Company: 32 828 784 € Industry median: 20 780 €20242025 Company: 34 659 068 € Industry median: 18 772 €2025010 00020 00030 00040 0002018 Company: — Industry median: —2019 Company: 23 916 853 € Industry median: 30 835 €20192020 Company: 22 718 747 € Industry median: 25 856 €2021 Company: 25 937 054 € Industry median: 27 831 €20212022 Company: 33 757 926 € Industry median: 27 183 €2023 Company: 33 982 834 € Industry median: 25 465 €20232024 Company: 32 828 784 € Industry median: 20 780 €2025 Company: 34 659 068 € Industry median: 18 772 €2025
  • Company
  • Industry median

Industry: Manufacture of food products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit, € thousand 2025: -1 382 165 € · −877.7% vs 2024 · industry median 37 € · above 2% of the industry
-1 500-1 000-50005001 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -730 531 € Industry median: 589 €20192020 Company: -733 918 € Industry median: 313 €20202021 Company: -754 499 € Industry median: 539 €20212022 Company: 942 654 € Industry median: 195 €20222023 Company: -1 432 820 € Industry median: 144 €20232024 Company: -141 366 € Industry median: 84 €20242025 Company: -1 382 165 € Industry median: 37 €2025-1 500-1 000-50005001 0002018 Company: — Industry median: —2019 Company: -730 531 € Industry median: 589 €20192020 Company: -733 918 € Industry median: 313 €2021 Company: -754 499 € Industry median: 539 €20212022 Company: 942 654 € Industry median: 195 €2023 Company: -1 432 820 € Industry median: 144 €20232024 Company: -141 366 € Industry median: 84 €2025 Company: -1 382 165 € Industry median: 37 €2025
  • Company
  • Industry median

Industry: Manufacture of food products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Net profit margin, % 2025: -4.0 % · −3.6 pp vs the year before · industry median 2.1 % · above 25% of the industry
-6-4-20242016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -3.1 % Industry median: 3.6 %20192020 Company: -3.2 % Industry median: 3.3 %20202021 Company: -2.9 % Industry median: 3.8 %20212022 Company: 2.8 % Industry median: 2.8 %20222023 Company: -4.2 % Industry median: 2.8 %20232024 Company: -0.4 % Industry median: 2.3 %20242025 Company: -4.0 % Industry median: 2.1 %2025-6-4-20242018 Company: — Industry median: —2019 Company: -3.1 % Industry median: 3.6 %20192020 Company: -3.2 % Industry median: 3.3 %2021 Company: -2.9 % Industry median: 3.8 %20212022 Company: 2.8 % Industry median: 2.8 %2023 Company: -4.2 % Industry median: 2.8 %20232024 Company: -0.4 % Industry median: 2.3 %2025 Company: -4.0 % Industry median: 2.1 %2025
  • Company
  • Industry median

Industry: Manufacture of food products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Assets, € thousand 2025: 13 836 315 € · +6.5% vs 2024
05 00010 00015 00020 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 13 674 108 €20192020 Company: 13 499 031 €20202021 Company: 13 910 339 €20212022 Company: 15 496 046 €20222023 Company: 13 639 454 €20232024 Company: 12 987 276 €20242025 Company: 13 836 315 €202505 00010 00015 00020 0002018 Company: —2019 Company: 13 674 108 €20192020 Company: 13 499 031 €2021 Company: 13 910 339 €20212022 Company: 15 496 046 €2023 Company: 13 639 454 €20232024 Company: 12 987 276 €2025 Company: 13 836 315 €2025
Equity, € thousand 2025: 1 501 232 € · −47.9% vs 2024
02 0004 0006 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 5 003 346 €20192020 Company: 4 269 428 €20202021 Company: 3 514 929 €20212022 Company: 4 457 583 €20222023 Company: 3 024 763 €20232024 Company: 2 883 397 €20242025 Company: 1 501 232 €202502 0004 0006 0002018 Company: —2019 Company: 5 003 346 €20192020 Company: 4 269 428 €2021 Company: 3 514 929 €20212022 Company: 4 457 583 €2023 Company: 3 024 763 €20232024 Company: 2 883 397 €2025 Company: 1 501 232 €2025
Employees 2025: 75 · +0.0% vs 2024 · industry median 3 · above 93% of the industry
02550751001252016 Company: 99 Industry median: —20162017 Company: 0 Industry median: —20172018 Company: 99 Industry median: 420182019 Company: 102 Industry median: 420192020 Company: 102 Industry median: 420202021 Company: 100 Industry median: 320212022 Company: 89 Industry median: 320222023 Company: 78 Industry median: 320232024 Company: 75 Industry median: 320242025 Company: 75 Industry median: 3202502550751001252018 Company: 99 Industry median: 42019 Company: 102 Industry median: 420192020 Company: 102 Industry median: 42021 Company: 100 Industry median: 320212022 Company: 89 Industry median: 32023 Company: 78 Industry median: 320232024 Company: 75 Industry median: 32025 Company: 75 Industry median: 32025
  • Company
  • Industry median

Industry: Manufacture of food products (the EMTAK division of the main activity). Median: half of the industry is above, half below.

Financials by year
Year Revenue, € Net profit, € Labour costs, € Assets, € Equity, € Employees
2025 34 659 068 -1 382 165 2 374 799 13 836 315 1 501 232 75
2024 32 828 784 -141 366 2 198 563 12 987 276 2 883 397 75
2023 33 982 834 -1 432 820 2 463 638 13 639 454 3 024 763 78
2022 33 757 926 942 654 2 584 393 15 496 046 4 457 583 89
2021 25 937 054 -754 499 2 444 436 13 910 339 3 514 929 100
2020 22 718 747 -733 918 2 726 179 13 499 031 4 269 428 102
2019 23 916 853 -730 531 2 399 697 13 674 108 5 003 346 102
2018 — — — — — 99
2017 — — — — — 0
2016 — — — — — 99
2015 — — — — — 89
2014 — — — — — 83
2013 — — — — — 85
2012 — — — — — 138
2011 — — — — — 94
2010 — — — — — 98
2009 — — — — — 104
2008 — — — — — 109
2007 — — — — — 177
2005 — — — — — 377
2004 — — — — — 419
2003 — — — — — 410
2002 — — — — — 407
2001 — — — — — 387
2000 — — — — — 409
1998 — — — — — 395
1997 — — — — — 394

Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.

Financial ratios for 2025

Net profit margin
-4.0 %
Net profit / revenue
Return on equity (ROE)
-92.1 %
Net profit / equity
Return on assets (ROA)
-10.0 %
Net profit / assets
Equity ratio
10.8 %
Equity / assets
Debt ratio
89.2 %
Liabilities / assets
Current ratio
0.52
Current assets / current liabilities
Revenue per employee
462 121 €
Revenue / average full-time employees
Labour cost per employee per month
2 639 €
Labour costs / employees / 12 months (incl. employer taxes)

Annual reports

PDFs from e-Äriregister
Annual reports
Year Period Filed Report Documents
2025 1 Jan 2025 – 31 Dec 2025 30 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 22 May 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 17 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 29 Jun 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 30 Jun 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 28 Jun 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 1 Jul 2020 Company’s own · audited e-Äriregister

Commercial pledges

No. Amount Pledgee Period
5 1 100 000 € Maaelu Edendamise Sihtasutus 28 Dec 2020 – in force
4 500 000 € Maaelu Edendamise Sihtasutus 11 Dec 2019 – in force
3 500 000 € AS SEB Pank 7 Nov 2017 – in force
2 30 000 000 EEK Aktsiaselts SEB Eesti Ühispank 25 Jan 2008 – in force
1 15 000 000 EEK Aktsiaselts SEB Eesti Ühispank 15 Jan 1998 – in force

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Villi Pihl
    Board member · since 17 Apr 2023

Right of representation

Any member of the management board may represent the public limited company in all transactions.

Owners

No owner information.

Beneficial owners

  • Janar Tänak
    Member of a senior management body (management or supervisory board) · since 4 Nov 2024
  • Lauri Post
    Member of a senior management body (management or supervisory board) · since 4 Nov 2024
  • Villi Pihl
    Member of a senior management body (management or supervisory board) · since 17 Jul 2023
  • Aive Kesküla
    Member of a senior management body (management or supervisory board) · since 12 Feb 2020
  • Indrek Haamer
    Member of a senior management body (management or supervisory board) · since 12 Feb 2020
  • Jaan Kiider
    Member of a senior management body (management or supervisory board) · since 12 Feb 2020
  • Sulev Madisson
    Member of a senior management body (management or supervisory board) · since 12 Feb 2020
  • Ülar Tänak
    Member of a senior management body (management or supervisory board) · since 12 Feb 2020
  • Tõnu Post
    Member of a senior management body (management or supervisory board) · since 29 Oct 2018

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 10512Manufacture of cheese and curd Main
  • 10511Processing of raw milk, production of fresh cream
  • 10519Manufacture of other dairy products, including butter
  • 10891Manufacture of other food products n.e.c.
  • 46191Activities of agents involved in non-specialised wholesale
  • 49411Freight transport by road
  • 69202Bookkeeping, tax consulting
Rulings
Number, date Title Deadline State Document
Ä 30000755 / M13
8 Apr 2026
Ruling to correct data outside an entry 22 Apr 2026 Deficiencies eliminated
22 Apr 2026
PDF
Ä 30000755 / 27
17 Apr 2023
Amendment entry In force
17 Apr 2023
PDF
Ä 30000755 / M12
12 Apr 2023
Ruling to eliminate deficiencies Deficiencies eliminated
17 Apr 2023
PDF
K 30000755 / 26
28 Dec 2020
Commercial pledge entered In force
28 Dec 2020
PDF
Ä 30000755 / M11
22 Dec 2020
Ruling to eliminate deficiencies 21 Jan 2021 Deficiencies eliminated
7 Jan 2021
PDF
Ä 30000755 / 25
1 Jul 2020
Amendment entry In force
1 Jul 2020
PDF
Ä 30000755 / 24
13 Feb 2020
Amendment entry In force
13 Feb 2020
PDF
K 30000755 / 23
11 Dec 2019
Commercial pledge entered In force
11 Dec 2019
PDF
Ä 30000755 / 22
16 Aug 2019
Amendment entry In force
16 Aug 2019
PDF
Ä 30000755 / 21
19 Jun 2019
Amendment entry In force
19 Jun 2019
PDF
Ä 30000755 / M10
11 Jun 2019
Procedural ruling 21 Jun 2019 Deficiencies eliminated
19 Jun 2019
PDF
Ä 30000755 / M9
23 Apr 2018
Procedural ruling 7 May 2018 In force
23 Apr 2018
PDF
Ä 30000755 / 20
20 Feb 2018
Amendment entry In force
20 Feb 2018
PDF
Ä 30000755 / 19
18 Jan 2018
Amendment entry In force
18 Jan 2018
PDF
K 30000755 / 18
7 Nov 2017
Commercial pledge entered In force
7 Nov 2017
PDF
Ä 30000755 / 17
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 30000755 / 16
20 Jan 2017
Amendment under Commercial Code § 525 (2) In force
20 Jan 2017
PDF
Ä 30000755 / 15
27 Feb 2015
Amendment entry In force
27 Feb 2015
PDF
Ä 30000755 / 14
2 May 2014
Amendment entry In force
2 May 2014
PDF
Ä 30000755 / M8
30 Apr 2014
Ruling to eliminate deficiencies 20 May 2014 Deficiencies eliminated
2 May 2014
PDF
Ä 30000755 / M7
28 Apr 2014
Ruling to eliminate deficiencies 8 May 2014 Deficiencies eliminated
2 May 2014
PDF
Ä 30000755 / 13
23 Apr 2014
Entry refused: deficiencies not eliminated In force
10 May 2014
PDF
Ä 30000755 / M6
20 Mar 2014
Ruling to eliminate deficiencies 19 Apr 2014 In force
20 Mar 2014
PDF
Ä 30000755 / M5
8 Jan 2014
Ruling to correct data outside an entry 7 Feb 2014 In force
8 Jan 2014
PDF
Ä 30000755 / 12
24 Nov 2011
Amendment entry In force
24 Nov 2011
PDF
Ä 755 / 11
3 Dec 2008
Deletion of activities from the registry card In force
4 Dec 2008
PDF
K 8748 / 5
25 Jan 2008
Commercial pledge entered In force
25 Jan 2008
PDF
Ä 755 / 10
27 Mar 2007
Amendment entry In force
27 Mar 2007
PDF
Ä 755 / M4
3 Oct 2006
Warning of a fine: deficiencies in the annual report 3 Nov 2006 In force
6 Oct 2006
PDF
Ä 755 / 9
5 Jul 2006
Amendment entry In force
5 Jul 2006
PDF
K 8748 / 4
19 Jan 2006
Compliance with Commercial Code § 33 (7.1) In force
19 Jan 2006
PDF
Ä 755 / 8
26 Oct 2005
Amendment entry In force PDF
Ä 755 / M3
17 Oct 2005
Ruling to eliminate deficiencies (to be served) In force PDF
Ä 755 / 7
16 Aug 2005
Amendment entry In force PDF
Ä 755 / M2
27 Jul 2005
Ruling to eliminate deficiencies (to be served) 27 Sep 2005 In force PDF
Ä 755 / 6
21 Mar 2005
Amendment entry In force PDF
Ä 755 / 5
9 Feb 2005
Amendment entry In force PDF
Ä 755 / 4
21 Apr 2004
Amendment entry In force PDF
Ä 755 / M1
25 Mar 2004
Ruling to eliminate deficiencies (to be served) 25 May 2004 In force PDF
Ä 755 / 3
9 Jan 2003
Entry decision on the register’s own initiative In force PDF

Sources: e-Äriregister and EMTA. Data updated 1 Nov 2026. Open at the source ↗ · Report an error in the data