GPI Estonia AS

Active Registry code 10399612 AS Tabasalu alevik Registered 6 Mar 1998
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GPI Estonia AS is a AS based in Tabasalu alevik, registry code 10399612, status: active. Main activity: Manufacture of corrugated paper, paperboard and containers of paper and paperboard. According to EMTA, turnover for Q3 2026 was €3 810 814 with 40 employees.

Turnover
3 810 814 €
↓ 15.8% vs Q2 2026
State taxes
162 300 €
↓ 7.0% vs Q2 2026
Labour taxes
171 337 €
↓ 7.0% vs Q2 2026
Employees
40
−2 vs Q2 2026

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

Position in the industry Manufacture of paper and paper products · EMTAK 17

  • Turnover · Q3 2026 3.8 mn €
    industry median 162 684 € · companies in the industry: 49
  • Labour taxes per employee 4 283 €
    industry median 2 377 € · companies in the industry: 43
  • Revenue · 2025 11.4 mn €
    industry median 187 145 € · companies in the industry: 61
  • Net profit margin · 2025 1.3 %
    industry median 3.1 % · companies in the industry: 47

Taxes and turnover

Q4 2023 – Q3 2026
Turnover, € thousand Q3 2026: 3 810 814 € · −15.8% vs Q2 2026 · industry median 162 684 € · above 86% of the industry
02 0004 0006 000Q4 2023 Company: 4 990 919 € Industry median: 146 679 €Q4·23Q1 2024 Company: 4 583 952 € Industry median: 145 410 €Q2 2024 Company: 5 226 632 € Industry median: 186 410 €Q2·24Q3 2024 Company: 5 156 674 € Industry median: 158 704 €Q4 2024 Company: 5 093 494 € Industry median: 193 916 €Q4·24Q1 2025 Company: 4 829 392 € Industry median: 178 996 €Q2 2025 Company: 4 860 432 € Industry median: 171 068 €Q2·25Q3 2025 Company: 3 967 128 € Industry median: 133 790 €Q4 2025 Company: 4 918 085 € Industry median: 184 739 €Q4·25Q1 2026 Company: 3 810 528 € Industry median: 141 792 €Q2 2026 Company: 4 526 808 € Industry median: 176 801 €Q2·26Q3 2026 Company: 3 810 814 € Industry median: 162 684 €Q3·2602 0004 0006 000Q4 2024 Company: 5 093 494 € Industry median: 193 916 €Q1 2025 Company: 4 829 392 € Industry median: 178 996 €Q1·25Q2 2025 Company: 4 860 432 € Industry median: 171 068 €Q3 2025 Company: 3 967 128 € Industry median: 133 790 €Q3·25Q4 2025 Company: 4 918 085 € Industry median: 184 739 €Q1 2026 Company: 3 810 528 € Industry median: 141 792 €Q1·26Q2 2026 Company: 4 526 808 € Industry median: 176 801 €Q3 2026 Company: 3 810 814 € Industry median: 162 684 €Q3·26
  • Company
  • Industry median

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

Labour taxes per employee, € Q3 2026: 4 283 € · −2.4% vs Q2 2026 · industry median 2 377 € · above 88% of the industry
01 0002 0003 0004 0005 000Q4 2023 Company: 3 733 € Industry median: 2 270 €Q4·23Q1 2024 Company: 3 841 € Industry median: 2 394 €Q2 2024 Company: 4 135 € Industry median: 2 234 €Q2·24Q3 2024 Company: 4 098 € Industry median: 2 219 €Q4 2024 Company: 4 382 € Industry median: 2 184 €Q4·24Q1 2025 Company: 4 133 € Industry median: 2 500 €Q2 2025 Company: 4 311 € Industry median: 2 429 €Q2·25Q3 2025 Company: 4 573 € Industry median: 2 346 €Q4 2025 Company: 4 536 € Industry median: 2 441 €Q4·25Q1 2026 Company: 4 090 € Industry median: 2 293 €Q2 2026 Company: 4 387 € Industry median: 2 298 €Q2·26Q3 2026 Company: 4 283 € Industry median: 2 377 €Q3·2601 0002 0003 0004 0005 000Q4 2024 Company: 4 382 € Industry median: 2 184 €Q1 2025 Company: 4 133 € Industry median: 2 500 €Q1·25Q2 2025 Company: 4 311 € Industry median: 2 429 €Q3 2025 Company: 4 573 € Industry median: 2 346 €Q3·25Q4 2025 Company: 4 536 € Industry median: 2 441 €Q1 2026 Company: 4 090 € Industry median: 2 293 €Q1·26Q2 2026 Company: 4 387 € Industry median: 2 298 €Q3 2026 Company: 4 283 € Industry median: 2 377 €Q3·26
  • Company
  • Industry median

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

Employees Q3 2026: 40 · −4.8% vs Q2 2026
01020304050Q4 2023 Company: 48Q4·23Q1 2024 Company: 47Q2 2024 Company: 49Q2·24Q3 2024 Company: 50Q4 2024 Company: 48Q4·24Q1 2025 Company: 49Q2 2025 Company: 48Q2·25Q3 2025 Company: 47Q4 2025 Company: 45Q4·25Q1 2026 Company: 45Q2 2026 Company: 42Q2·26Q3 2026 Company: 40Q3·2601020304050Q4 2024 Company: 48Q1 2025 Company: 49Q1·25Q2 2025 Company: 48Q3 2025 Company: 47Q3·25Q4 2025 Company: 45Q1 2026 Company: 45Q1·26Q2 2026 Company: 42Q3 2026 Company: 40Q3·26
State taxes, € thousand Q3 2026: 162 300 € · −7.0% vs Q2 2026
050100150200250Q4 2023 Company: 170 115 €Q4·23Q1 2024 Company: 177 970 €Q2 2024 Company: 193 289 €Q2·24Q3 2024 Company: 195 041 €Q4 2024 Company: 200 250 €Q4·24Q1 2025 Company: 194 914 €Q2 2025 Company: 195 927 €Q2·25Q3 2025 Company: 204 167 €Q4 2025 Company: 195 210 €Q4·25Q1 2026 Company: 176 458 €Q2 2026 Company: 174 459 €Q2·26Q3 2026 Company: 162 300 €Q3·26050100150200250Q4 2024 Company: 200 250 €Q1 2025 Company: 194 914 €Q1·25Q2 2025 Company: 195 927 €Q3 2025 Company: 204 167 €Q3·25Q4 2025 Company: 195 210 €Q1 2026 Company: 176 458 €Q1·26Q2 2026 Company: 174 459 €Q3 2026 Company: 162 300 €Q3·26
Figures by quarter
Quarter Turnover, € State taxes, € Labour taxes, € Employees
Q3 2026 3 810 814 162 300 171 337 40
Q2 2026 4 526 808 174 459 184 247 42
Q1 2026 3 810 528 176 458 184 065 45
Q4 2025 4 918 085 195 210 204 109 45
Q3 2025 3 967 128 204 167 214 952 47
Q2 2025 4 860 432 195 927 206 908 48
Q1 2025 4 829 392 194 914 202 536 49
Q4 2024 5 093 494 200 250 210 357 48
Q3 2024 5 156 674 195 041 204 915 50
Q2 2024 5 226 632 193 289 202 591 49
Q1 2024 4 583 952 177 970 180 536 47
Q4 2023 4 990 919 170 115 179 178 48
Q3 2023 4 237 021 171 510 181 097 47
Q2 2023 5 300 229 177 216 186 744 48
Q1 2023 4 901 982 188 753 197 798 48
Q4 2022 5 973 827 193 059 202 411 57
Q3 2022 5 686 504 182 341 192 672 58
Q2 2022 6 611 148 169 918 180 315 56
Q1 2022 4 947 121 161 249 170 245 56
Labour taxes per employee per month
1 428 €
Turnover per employee in the quarter
95 270 €

Q3 2026 · calculated from EMTA data

Financials by year

2016 – 2025
Revenue, € thousand 2025: 11 372 198 € · −8.2% vs 2024 · industry median 187 145 € · above 89% of the industry
05 00010 00015 0002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: 11 085 517 € Industry median: 248 086 €20192020 Company: 11 649 402 € Industry median: 232 316 €20202021 Company: 11 584 564 € Industry median: 226 659 €20212022 Company: 14 040 293 € Industry median: 255 068 €20222023 Company: 11 943 402 € Industry median: 145 554 €20232024 Company: 12 382 396 € Industry median: 131 691 €20242025 Company: 11 372 198 € Industry median: 187 145 €202505 00010 00015 0002018 Company: — Industry median: —2019 Company: 11 085 517 € Industry median: 248 086 €20192020 Company: 11 649 402 € Industry median: 232 316 €2021 Company: 11 584 564 € Industry median: 226 659 €20212022 Company: 14 040 293 € Industry median: 255 068 €2023 Company: 11 943 402 € Industry median: 145 554 €20232024 Company: 12 382 396 € Industry median: 131 691 €2025 Company: 11 372 198 € Industry median: 187 145 €2025
  • Company
  • Industry median

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

Net profit, € thousand 2025: 145 855 € · −65.7% vs 2024 · industry median 772 € · above 87% of the industry
-20002004006008002016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -78 652 € Industry median: 2 604 €20192020 Company: 30 405 € Industry median: 2 644 €20202021 Company: -31 920 € Industry median: 9 232 €20212022 Company: 618 835 € Industry median: 5 522 €20222023 Company: 301 674 € Industry median: 314 €20232024 Company: 424 841 € Industry median: 2 123 €20242025 Company: 145 855 € Industry median: 772 €2025-20002004006008002018 Company: — Industry median: —2019 Company: -78 652 € Industry median: 2 604 €20192020 Company: 30 405 € Industry median: 2 644 €2021 Company: -31 920 € Industry median: 9 232 €20212022 Company: 618 835 € Industry median: 5 522 €2023 Company: 301 674 € Industry median: 314 €20232024 Company: 424 841 € Industry median: 2 123 €2025 Company: 145 855 € Industry median: 772 €2025
  • Company
  • Industry median

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

Net profit margin, % 2025: 1.3 % · −2.1 pp vs the year before · industry median 3.1 % · above 38% of the industry
-2024682016 Company: — Industry median: —20162017 Company: — Industry median: —20172018 Company: — Industry median: —20182019 Company: -0.7 % Industry median: 2.5 %20192020 Company: 0.3 % Industry median: 4.7 %20202021 Company: -0.3 % Industry median: 5.0 %20212022 Company: 4.4 % Industry median: 6.2 %20222023 Company: 2.5 % Industry median: 2.0 %20232024 Company: 3.4 % Industry median: 3.4 %20242025 Company: 1.3 % Industry median: 3.1 %2025-2024682018 Company: — Industry median: —2019 Company: -0.7 % Industry median: 2.5 %20192020 Company: 0.3 % Industry median: 4.7 %2021 Company: -0.3 % Industry median: 5.0 %20212022 Company: 4.4 % Industry median: 6.2 %2023 Company: 2.5 % Industry median: 2.0 %20232024 Company: 3.4 % Industry median: 3.4 %2025 Company: 1.3 % Industry median: 3.1 %2025
  • Company
  • Industry median

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

Assets, € thousand 2025: 6 370 518 € · −20.0% vs 2024
02 0004 0006 0008 00010 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 8 231 003 €20192020 Company: 7 767 924 €20202021 Company: 7 753 368 €20212022 Company: 8 069 933 €20222023 Company: 7 545 970 €20232024 Company: 7 963 851 €20242025 Company: 6 370 518 €202502 0004 0006 0008 00010 0002018 Company: —2019 Company: 8 231 003 €20192020 Company: 7 767 924 €2021 Company: 7 753 368 €20212022 Company: 8 069 933 €2023 Company: 7 545 970 €20232024 Company: 7 963 851 €2025 Company: 6 370 518 €2025
Equity, € thousand 2025: 4 979 837 € · +3.0% vs 2024
01 0002 0003 0004 0005 0002016 Company: —20162017 Company: —20172018 Company: —20182019 Company: 3 484 280 €20192020 Company: 3 514 685 €20202021 Company: 3 482 765 €20212022 Company: 4 101 600 €20222023 Company: 4 403 274 €20232024 Company: 4 833 982 €20242025 Company: 4 979 837 €202501 0002 0003 0004 0005 0002018 Company: —2019 Company: 3 484 280 €20192020 Company: 3 514 685 €2021 Company: 3 482 765 €20212022 Company: 4 101 600 €2023 Company: 4 403 274 €20232024 Company: 4 833 982 €2025 Company: 4 979 837 €2025
Employees 2025: 46 · −8.0% vs 2024 · industry median 5 · above 82% of the industry
02040602016 Company: 36 Industry median: —20162017 Company: 47 Industry median: —20172018 Company: 52 Industry median: 820182019 Company: 57 Industry median: 720192020 Company: 57 Industry median: 620202021 Company: 54 Industry median: 520212022 Company: 57 Industry median: 720222023 Company: 53 Industry median: 620232024 Company: 50 Industry median: 520242025 Company: 46 Industry median: 5202502040602018 Company: 52 Industry median: 82019 Company: 57 Industry median: 720192020 Company: 57 Industry median: 62021 Company: 54 Industry median: 520212022 Company: 57 Industry median: 72023 Company: 53 Industry median: 620232024 Company: 50 Industry median: 52025 Company: 46 Industry median: 52025
  • Company
  • Industry median

Industry: Manufacture of paper and paper 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 11 372 198 145 855 1 934 373 6 370 518 4 979 837 46
2024 12 382 396 424 841 1 961 961 7 963 851 4 833 982 50
2023 11 943 402 301 674 1 796 139 7 545 970 4 403 274 53
2022 14 040 293 618 835 1 864 381 8 069 933 4 101 600 57
2021 11 584 564 -31 920 1 689 667 7 753 368 3 482 765 54
2020 11 649 402 30 405 1 723 532 7 767 924 3 514 685 57
2019 11 085 517 -78 652 1 721 971 8 231 003 3 484 280 57
2018 — — — — — 52
2017 — — — — — 47
2016 — — — — — 36
2015 — — — — — 39
2014 — — — — — 42
2013 — — — — — 42
2012 — — — — — 41
2011 — — — — — 48
2010 — — — — — 45
2009 — — — — — 36
2008 — — — — — 40
2007 — — — — — 36
2006 — — — — — 34
2005 — — — — — 33
2004 — — — — — 31
2003 — — — — — 37
2002 — — — — — 38
2001 — — — — — 41
2000 — — — — — 32
1999 — — — — — 30
1998 — — — — — 49
1997 — — — — — 53

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
1.3 %
Net profit / revenue
Return on equity (ROE)
2.9 %
Net profit / equity
Return on assets (ROA)
2.3 %
Net profit / assets
Equity ratio
78.2 %
Equity / assets
Debt ratio
21.8 %
Liabilities / assets
Current ratio
2.39
Current assets / current liabilities
Revenue per employee
247 222 €
Revenue / average full-time employees
Labour cost per employee per month
3 504 €
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 1 Jun 2026 Company’s own · audited e-Äriregister
2024 1 Jan 2024 – 31 Dec 2024 11 Jul 2025 Company’s own · audited e-Äriregister
2023 1 Jan 2023 – 31 Dec 2023 11 Jun 2024 Company’s own · audited e-Äriregister
2022 1 Jan 2022 – 31 Dec 2022 21 Apr 2023 Company’s own · audited e-Äriregister
2021 1 Jan 2021 – 31 Dec 2021 6 Apr 2022 Company’s own · audited e-Äriregister
2020 1 Jan 2020 – 31 Dec 2020 30 Apr 2021 Company’s own · audited e-Äriregister
2019 1 Jan 2019 – 31 Dec 2019 29 Jul 2020 Company’s own · audited e-Äriregister

Board

  • Nasdaq CSD SE
    Keeper of the share ledger · since 28 Sep 2017
  • Raul Rumm
    Board member · since 29 Jan 2020

Right of representation

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

Owners

No owner information.

Beneficial owners

  • Christina Hanna Odervall
    Member of a senior management body (management or supervisory board) · SWE · since 10 Jun 2024
  • Mickael Patrik Persson
    Member of a senior management body (management or supervisory board) · SWE · since 10 Jun 2024
  • Tomas Forsgard
    Member of a senior management body (management or supervisory board) · FIN · since 10 Jun 2024

Founders and other persons

shared board members, owners or beneficial owners

Activities (EMTAK)

  • 17211Manufacture of corrugated paper, paperboard and containers of paper and paperboard Main
Rulings
Number, date Title Deadline State Document
Ä 10025267 / M14
10 Jul 2025
Warning of a fine: annual report not filed 9 Aug 2025 Deficiencies eliminated
12 Jul 2025
PDF
Ä 10025267 / M13
9 Dec 2024
Ruling to correct data outside an entry 23 Dec 2024 In force
9 Dec 2024
PDF
Ä 10025267 / M12
15 Nov 2024
Ruling to correct data outside an entry 29 Nov 2024 In force
15 Nov 2024
PDF
Ä 10025267 / M11
8 Nov 2024
Ruling to correct data outside an entry 22 Nov 2024 In force
8 Nov 2024
PDF
Ä 10025267 / 20
21 Apr 2023
Amendment entry In force
21 Apr 2023
PDF
Ä 10025267 / 19
26 Aug 2022
Amendment entry In force
26 Aug 2022
PDF
Ä 10025267 / 18
29 Jul 2020
Amendment entry In force
29 Jul 2020
PDF
Ä 10025267 / 17
7 Apr 2020
Amendment entry In force
7 Apr 2020
PDF
Ä 10025267 / M10
12 Mar 2020
Ruling to eliminate deficiencies 11 Apr 2020 Deficiencies eliminated
7 Apr 2020
PDF
Ä 10025267 / 16
29 Jan 2020
Amendment entry In force
29 Jan 2020
PDF
Ä 10025267 / 15
30 May 2019
Amendment entry In force
30 May 2019
PDF
Ä 10025267 / M9
29 May 2019
Ruling to eliminate deficiencies 28 Jun 2019 Deficiencies eliminated
30 May 2019
PDF
Ä 10025267 / M8
16 May 2019
Procedural ruling In force
16 May 2019
PDF
Ä 10025267 / M7
9 May 2019
Ruling to eliminate deficiencies 19 May 2019 Deficiencies eliminated
16 May 2019
PDF
Ä 10025267 / 14
16 Jan 2018
Amendment entry In force
16 Jan 2018
PDF
Ä 10025267 / 13
7 Nov 2017
Amendment entry In force
7 Nov 2017
PDF
Ä 10025267 / 12
28 Sep 2017
Amendment entry In force
28 Sep 2017
PDF
Ä 10025267 / M6
20 Dec 2016
Procedural ruling 19 Jan 2017 Deficiencies eliminated
2 Jan 2017
PDF
Ä 10025267 / M5
1 Dec 2016
Procedural ruling 31 Dec 2016 Deficiencies eliminated
2 Jan 2017
PDF
Ä 10025267 / 11
5 Jun 2014
Amendment under Commercial Code § 525 (2) In force
5 Jun 2014
PDF
Ä 10025267 / 10
20 May 2014
Second (constitutive) merger entry In force
20 May 2014
PDF
K 10025267 / 9
14 Nov 2013
Commercial pledge deleted In force
14 Nov 2013
PDF
Ä 10025267 / 8
27 Dec 2011
Amendment entry In force
27 Dec 2011
PDF
K 10062036 / 3
17 Jan 2011
Commercial pledge amended In force
17 Jan 2011
PDF
Ä 25267 / 7
3 Dec 2008
Deletion of activities from the registry card In force
12 Dec 2008
PDF
Ä 25267 / 6
13 Nov 2007
Amendment entry In force
13 Nov 2007
PDF
Ä 25267 / M4
29 Oct 2007
Ruling to eliminate deficiencies (to be served) 27 Jan 2008 In force
13 Dec 2007
PDF
K 62036 / 2
26 Feb 2007
Commercial pledge amended In force
26 Feb 2007
PDF
Ä 25267 / 5
13 Jul 2006
Amendment entry In force
13 Jul 2006
PDF
Ä 25267 / 4
12 May 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