Greetings from the EOL Vent Mining headquarters in Kiruna.

Once again, it is time to slow down the working pace after a busy year at EOL Vent, and take some long-awaited Christmas time off with our close ones.

We would like to tell you about some of the highlights from this year.

For us at EOL Vent, 2022 has been a year of both adversities as well as new opportunities.

The events in Ukraine have affected all of us in some way, and it has affected us directly. Partly since about 20 % of our market has been formerly located in Russia, and partly since one of our agents is located in Kyiv.

We took an early and clear decision to stop all of our business with the Russian market, and prepared ourselves for a year where many things would have to change.

And there has been a lot of changes, many of them for the better:

We could quickly see new requests from other CIS countries and Eastern European countries, many which formerly had business ties to Russia too. This is an exciting market to keep expanding into and exploring new opportunities in. We have also had a lot of fan orders from the Nordic markets, with a steady and high demand.

The lifted covid restrictions have of course meant that we have been able to meet our customers again – a very welcome change that we have been looking forward to. We took the chance to visit one of our customers on-site in Kazakhstan for their commissioning, which was great.

Finally, we have set a clear course for EOL Vent’s sustainability journey, and have chosen three concrete and actionable focus areas:

•    To develop and spread technologies that contribute to a better society,
•    To ensure a sustainable value chain,
•    To work proactively for circular solutions and sustainable use of resources.

We are looking forward to a new and exciting 2023, and until next year, we wish you all a Merry Christmas and a Happy New Year.

Best Regards,

Samuel Anderzén
CEO, EOL Vent Mining AB