Audited annual report 2021 and long-term financial targets
April 01 2022 - 1:00AM
Audited annual report 2021 and long-term financial targets
The Supervisory Board of AS Ekspress Grupp approved the annual
report 2021 and group’s long-term strategic financial targets by
end of 2026.
The financial results for 2021 remain unchanged
compared to the preliminary disclosure on 22nd February 2022. In
2021, the consolidated audited sales revenue from continuing
operations of AS Ekspress Grupp totalled EUR 53.5 million that is
20% lower compared to 2020. Group’s consolidated audited net profit
from continuing operations for 2021 totalled EUR 4.1 million and
the total net profit totalled EUR 2.3 million.
AS Ekspress Grupp audited annual report for 2021
published in accordance with the European Single Electronic Format
(ESEF) requirements as an XHTML file and as a PDF file. The Group’s
primary statements are labelled with XBRL tags in English.
AS Ekspress Grupp audited annual report for 2021
is attached to this stock exchange release and made available on AS
Ekspress Grupp website egrupp.ee. The interactive online report can
be found at: 2021-annual-report.egrupp.ee. As well as company
information and a financial section, the online report offers many
extra features, including videos and additional web links etc.
The Supervisory Board also approved the Group’s
long-term strategic financial targets which are related to business
growth, digitalisation, profitability, and ability to pay
dividends. The targets are based on the changes in the operating
environment, the competitive landscape, and the progress of the
transformation strategy. The goal is to achieve following results
by the end of 2026:
- Digital subscriptions in Baltic > 340,000
- Share of digital revenues > 85%
- EBITDA margin > 15%
- Dividend pay-out rate at minimum 30%
The long-term financial targets of Ekspress
Grupp compared to the end of 2021 are as follows:
Target by end of 2026 |
2026
target |
|
2021
actual |
|
Digital subscriptions in Baltics |
>340
000 |
|
134
947 |
|
Share of digital revenues |
>85% |
|
76% |
|
EBITDA margin |
>15% |
|
15% |
|
Dividend pay-out rate at minimum |
30% |
|
37% |
|
In accordance with the regulations of the Tallinn Stock
Exchange, we inform that as of April 1, the address of AS Ekspress
Grupp is Narva mnt 13, Tallinn 10151.
Signe KukinGroup CFOAS Ekspress Grupp Telephone: +372 669
8381
E-mail address: signe.kukin@egrupp.ee
AS Ekspress Grupp is the leading media
group in the Baltic States whose key activities include web media
content production, publishing of newspaper, magazines and books.
The Group also manages the electronic ticket sales platform and
ticket sales sites in Latvia and Estonia. Ekspress Grupp that
launched its operations in 1989 employs more than 1,400 people,
owns leading web media portals in the Baltic States and publishes
the most popular daily and weekly newspapers as well as the
majority of the most popular magazines in Estonia.
- Ekspress Grupp konsolideeritud 2021_ENG
- 529900B52V1TUMW7FS54-2021-12-31-et
Ekspress Grupp As (LSE:0JPX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ekspress Grupp As (LSE:0JPX)
Historical Stock Chart
From Apr 2023 to Apr 2024