The revenue of AS Ekspress Grupp increased by almost 10 per cent 31.10
According to the quarterly interim report of AS Ekspress Grupp, the Group’s revenue totalled EUR 16.8 million in the 3rd quarter and EUR 53.6 million in the first 9 months of the year. Revenue increased by 8% as compared to last year and by 8% in the first 9 months of the year.
to Mari-Liis Rüütsalu, Chairman of the Management Board of Ekspress Grupp,
revenue growth was primarily driven by digital revenue that increased by 17 per
cent as compared to last year and made up 58 per cent of the media segment
revenue. “Strong advertising sales and a higher volume of digital subscriptions
in Estonia propelled this growth”, stated Rüütsalu. The revenue of the Group’s media
companies increased by more than 12 per cent in the first 9 months of the year.
The EBITDA of
Ekspress Grupp totalled EUR 1.41 million in the 3rd quarter and EUR 3.88
million in the first 9 months of the year. In the 3rd quarter,
EBITDA increased by 117 per cent as compared to the same period last year and by
30 per cent in the first 9 months of the year. In the 3rd quarter,
the company earned of profit of EUR 0.02 million but incurred a loss of EUR
0.24 million in the first 9 months of the year due to the previous two quarters.
“As an important innovation, Delfi Lithuania
launched the sale of paid content in the 3rd quarter and we also
launched a linear television channel in the Lithuanian market in collaboration
with Telia. The sale of paid content launched in Latvia in the 2nd
quarter has been well received in the market, meeting our expectations. It
should be kept in mind that the sale of paid content is a long-term process and
it takes time to change consumer habits, primarily in Latvia and Lithuania where
consumers have previously had no experience with paid content of local media”, said