Delfi Latvia Addresses Contractual Dispute in Advertising Sales

Author: Evelyn Baker Updated: 10-16-2025 04:00 AM

Delfi Latvia Faces Advertising Sales Dispute

AS Ekspress Grupp has announced that its subsidiary, AS Delfi, is currently involved in a contractual dispute surrounding advertising services with SIA Ekis & Co-Positioning and Consulting. The issue arises from a claim filed against Delfi, which has led to an insolvency application concerning contested invoices related to the news portal LA.lv.

Overview of the Dispute

Ekspress Grupp is keen to emphasize that this situation is a routine commercial disagreement rather than an issue warranting insolvency proceedings. Delfi Latvia has raised valid concerns regarding the methods of calculation utilized for their invoicing, seeking clarity and verification.

Details of the Claim

The disputed amount stands at 200,000 euros, a significant figure that warrants thorough examination. It is crucial to note, however, that the dispute does not affect the daily operations of Delfi Latvia and holds no substantial impact on the financial health or functioning of either Delfi Latvia or the broader structures of Ekspress Grupp.

Financial Health of Delfi Latvia

Notably, AS Delfi plays a vital role within the largest media group in the Baltic region. With a reported revenue of 5.5 million euros and a profit of 594,281 euros, the company maintains all contractual obligations, including engagements in state-funded media projects. This highlights the strength and resilience of Delfi Latvia amidst the current challenge.

Company's Future Direction

Delfi Latvia continues to focus on resolving this dispute swiftly and effectively. The management team is proactively engaged in legal proceedings to alleviate any uncertainties surrounding the matter, ensuring that operations remain uninterrupted and seamless.

About AS Ekspress Grupp

AS Ekspress Grupp holds a prominent position as the leading media group in the Baltic region. The organization's core activities encompass content production for web media, publication of newspapers, magazines, and books, and operating electronic ticket sales services across Latvia and Estonia. Further, they play an integral role in organizing conferences, events, and training sessions, primarily in Estonia and Lithuania, though they also extend their services to Latvia.

Since its inception in 1989, AS Ekspress Grupp has grown its workforce to approximately 1,000 employees, strengthening its influence and reach in the media sector. As the company navigates through the current dispute, their commitment to providing high-quality media content and services remains steadfast.

Mari-Liis Rüütsalu
AS Ekspress Grupp, CEO
+372 512 2591
mariliis.ryytsalu@egrupp.ee

Frequently Asked Questions

What is the nature of the dispute involving Delfi Latvia?

The dispute concerns contested invoices related to advertising services between Delfi Latvia and SIA Ekis & Co-Positioning and Consulting.

How much is the claim against Delfi Latvia?

The claim in question amounts to 200,000 euros.

Is the dispute affecting Delfi Latvia's operations?

No, the dispute has no impact on the everyday operations of Delfi Latvia.

What steps is Delfi Latvia taking in response to the dispute?

Delfi Latvia is actively engaging in legal processes to address the issues surrounding the dispute and ensure uninterrupted operations.

What is the revenue of AS Delfi reported for 2024?

AS Delfi reported a revenue of 5.5 million euros for the year.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.