AS Ekspress Grupp totalled
EUR 33.2 million. The Group’s net profit for the 2
nd quarter of 2021 was
EUR 1.25 million and the net profit for the first 6 months of the year was
EUR 0.98 million. At the end of June, the share of the Group s digital revenue was 53% of total revenue and 75% of media segment revenue.
In the 2
EUR 17.9 million (2
nd quarter 2020:
EUR 13.9 million), increasing by 28%. The revenue growth is attributable to the online advertising market which has recovered well and has gained momentum on account of other types of media, demonstrating good growth in all Baltic States. Print advertising revenue continues to be under pressure and it has still not regained its pre-pandemic level. The consolidated revenue for the first six months of 2021 was
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Record high sick leave recorded in January and February
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The year 2020 as a whole was successful for AS Ekspress Grupp: despite the state of emergency and the economic uncertainty related to the corona crisis, the Group managed to strengthen its positions and significantly improve profitability. The revenue over the 12-month period decreased by 6% to EUR 63.2 million and net profit increased by 80% to EUR 2.5 million as compared to 2019. The share of the Group s digital revenue was 49% of the total revenue and 71% of the media segment revenue. In the fourth quarter of 2020, the revenue of AS Ekspress Grupp totalled EUR 18.4 million and net profit totalled EUR 1.6 million. Considering the ongoing pandemic, the financial results of the Group were very strong in the 4th quarter. The revenue in the media segment demonstrated a strong recovery - as compared to the previous year, revenue remained at the same level, i.e. EUR 13 million. The media segment revenue for the entire year totalled EUR 43.7 million which is only 1% lower as compared
AS Ekspress Grupp: Consolidated unaudited interim report for the Fourth Quarter and 12 Months of 2020 Tallinn Stock Exchange:EEG1T
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