AS Ekspress Grupp Addresses Share Capital Plans and Disputes
Clarity on AS Ekspress Grupp's Financial Decisions
AS Ekspress Grupp has issued a statement to clarify recent information regarding its Latvian subsidiary, AS Delfi, in light of articles published on the Latvian portal nra.lv. These insights relate to share capital reduction plans that were initially set in place. However, as of September 19, 2025, this decision has been rescinded. The group has opted for an alternate financial strategy, reinforcing its commitment to effective financial management and sustainability.
Share Capital Reduction and Strategic Decisions
The cancellation of the share capital reduction plan underscores the group's adaptive approach to financial structuring, especially in connection with the recent sale of a stake in SIA Altero. This move is not expected to influence the day-to-day operations of AS Delfi or the overall financial health of AS Ekspress Grupp. The group's proactive financial management serves to maintain its operational integrity and stability in the competitive media landscape.
Business Dispute and Advertising Sales Management
It's essential to note that the share capital plans do not involve the ongoing business dispute with SIA Ekis & Co-Positioning and Consulting. This company has engaged in a contract with AS Delfi to oversee advertising sales for the news portal LA.lv. At the heart of the dispute are concerns raised about advertising invoice calculations, which both parties are currently negotiating to resolve. This business disagreement, while significant, does not materially affect the financial standing or operational dynamics of AS Delfi or AS Ekspress Grupp.
Performance and Contributions to the Media Landscape
AS Delfi holds a pivotal role within the region's most substantial media group. For the previous fiscal year, the company reported a revenue of 5.5 million euros, alongside a profit margin of 594,281 euros. Remarkably, AS Delfi consistently meets all contractual commitments, including those with state-funded media projects, demonstrating its responsibility and connectivity within the Baltic media framework.
Leadership at AS Ekspress Grupp
Leading the charge at AS Ekspress Grupp is Mari-Liis Rüütsalu, the Chairman of the Management Board. Rüütsalu emphasizes the group's dedication to evolving and adapting within the industry, highlighting the importance of maintaining strong operational capabilities amidst changing market dynamics. Interested parties can reach her at +372 512 2591 or contact her via email at mariliis.ryytsalu@egrupp.ee.
Media Initiatives and Future Endeavors
AS Ekspress Grupp stands as a premier media organization within the Baltic region, specializing in various multimedia ventures that include the production of web media content and publishing newspapers, magazines, and books. The group has further expanded its services to include an electronic ticket sales platform, which operates across Latvia and Estonia, as well as providing digital outdoor screen services. Additionally, they have ventured into organizing conferences, training sessions, and events across Estonia, Lithuania, and Latvia since their inception in 1989, employing around 1,000 dedicated individuals.
Frequently Asked Questions
What decision did AS Ekspress Grupp announce regarding share capital?
They clarified that the planned share capital reduction was canceled, and an alternative financial solution was chosen.
How does this decision affect AS Delfi's operations?
This cancellation has no impact on the daily operations or financial position of AS Delfi.
What is the nature of the dispute with SIA Ekis & Co?
The dispute centers around concerns about advertisement invoice calculations, which is being resolved through negotiation.
What are the recent financial results for AS Delfi?
In the previous fiscal year, they reported a revenue of 5.5 million euros and a profit of approximately 594,281 euros.
What services does AS Ekspress Grupp provide?
The group engages in web media production, print publishing, and operates ticket sales, along with organizing various events and digital advertising services.
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