Analytics, Estonia, Markets and Companies

The group’s first quarter operating profits without amortisation grew by 31% to 40.1 million kroons., writes EPL Online.

“Taking into account the current state on the advertising market and its effects on media enterprises, the first quarter was good for Ekspress Grupp in the end. The turnover grew in all main areas of activity of the corporation while the Estonian advertising market as a whole suffered a loss of a couple of% in indicators achieved last year when elections took place,” said CEO of AS Ekspress Grupp Priit Leito.

Net profits of Ekspress Grupp earned in the first quarter amounted to 10.9 million kroons – 41% less than during the same period of time last year.

According to Leito, the group’s profits were affected by the developments that were carried out in the first quarter: launch of the car portal www.ekspressauto.ee and a real estate portal www.ekspresskinnisvara.ee in Estonia and of an entertainment portal www.klubas.lt in Lithuania, development of Delfi’s activities in Ukraine and increasing of TeleTell information hotline with marketing campaigns in Romania.