Market announcement
AS Ekspress Grupp
LEI code
529900B52V1TUMW7FS54
Size of the entity
Large group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Management interim statement or quarterly financial report
Unique data record identifier
3943
Attachments
Submission date and time
28.02.2013 17:39:17
Content of announcement in Estonian
Title
AS Ekspress Grupp 2012. aasta IV kvartali ja 12. kuu konsolideeritud vahearuanne
Message
Tallinn, Eesti, 2013-02-28 16:39 CET (GLOBE NEWSWIRE) --
Järgmises aruandes on toodud AS-i Ekspress Grupp konsolideeritud
finantsnäitajad, nendega seotud turuarengud ja juhtkonna otsused.
Finantsnäitajad ja suhtarvud näitavad kontserni jätkuva tegevuse tulemust, see
tähendab need sisaldavad online-meedia, perioodiliste väljaannete ja
trükiteenuste segmentide ning kesksete tegevuste konsolideeritud tulemust.
Olulisemad finantsnäitajad ja suhtarvud
<span <span style="font-size:10pt;">IV kv <span
style="font-size:10pt;">IV kv <span
<span style="font-size:10pt;">IV kv <span
style="font-size:10pt;">IV kv
style 2012</span>
2011</span> style="font-size:10pt;">Muutus%</span>
2010</span> 2009</span>
="font
-size:
10pt;"
>Finan
tsnäit
ajad</
span>
<span
style
="font
-size:
10pt;"
>(tuha
ndetes
EUR)<
/span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------------------------
<span
style
="font
-size:
10pt;"
>Perio
odi
kohta
</span
>
<span <span style="font-size:10pt;">16 447</span> <span
style="font-size:10pt;">16 313</span> <span
style="font-size:10pt;">1%</span> <span style="font-size:10pt;">14 885</span>
<span style="font-size:10pt;">13 514</span>
style
="font
-size:
10pt;"
>Müügi
tulu</
span>
<span <span style="font-size:10pt;">3 914</span> <span
style="font-size:10pt;">3 660</span> <span style="font-size:10pt;">7%</span>
<span style="font-size:10pt;">3 466</span> <span style="font-size:10pt;">2
598</span>
style
="font
-size:
10pt;"
>Bruto
kasum<
/span>
<span <span style="font-size:10pt;">2 246</span> <span
style="font-size:10pt;">1 986</span> <span style="font-size:10pt;">13%</span>
<span style="font-size:10pt;">1 854</span> <span
style="font-size:10pt;">896</span>
style
="font
-size:
10pt;"
>EBITD
A*
</spa
n>
<span <span style="font-size:10pt;">1 496</span> <span
style="font-size:10pt;">1 037</span> <span style="font-size:10pt;">44%</span>
<span style="font-size:10pt;">1 016</span> <span
style="font-size:10pt;">37</span>
style
="font
-size:
10pt;"
>Ärika
sum*
</spa
n>
<span <span style="font-size:10pt;">1 269</span> <span
style="font-size:10pt;">535</span> <span style="font-size:10pt;">137%</span>
<span style="font-size:10pt;">210</span> <span
style="font-size:10pt;">(780)</span>
style
="font
-size:
10pt;"
>Perio
odi
puhas
kasum/
(-kahj
um)*</
span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------------------------
<span <span style="font-size:10pt;">13,7%</span> <span
style="font-size:10pt;">12,2%</span>
<span style="font-size:10pt;">12,5%</span> <span
style="font-size:10pt;">6,6%</span>
style
="font
-size:
10pt;"
>EBITD
A
margi
naal*
(%)</
span>
<span <span style="font-size:10pt;">9,1%</span> <span
style="font-size:10pt;">6,4%</span>
<span style="font-size:10pt;">6,8%</span> <span
style="font-size:10pt;">0,3%</span>
style
="font
-size:
10pt;"
>Ärire
ntaabl
us*
(%)</
span>
<span <span style="font-size:10pt;">7,7%</span> <span
style="font-size:10pt;">3,3%</span>
<span style="font-size:10pt;">1,4%</span> <span
style="font-size:10pt;">-5,8%</span>
style
="font
-size:
10pt;"
>Puhas
rentaa
blus*
(%)</
span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------------------------
<span <span style="font-size:10pt;">(157)</span> <span
style="font-size:10pt;">(750)</span> <span style="font-size:10pt;">-79%</span>
<span style="font-size:10pt;">0</span> <span style="font-size:10pt;">(5
844)</span>
style
="font
-size:
10pt;"
>Firma
väärtu
ste
allah
indlus
</spa
n>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------------------------
<span <span style="font-size:10pt;">1 112</span> <span
style="font-size:10pt;"> (215)</span> <span
style="font-size:10pt;">617%</span> <span
style="font-size:10pt;">210</span> <span style="font-size:10pt;">(6
624)</span>
style
="font
-size:
10pt;"
>Perio
odi
puhas
kasum/
(-kah
jum)
jätku
vatest
tegev
ustest
</span
>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------------------------
<span <span style="font-size:10pt;">1 112</span> <span
style="font-size:10pt;"> (215)</span> <span
style="font-size:10pt;">617%</span> <span
style="font-size:10pt;">210</span> <span style="font-size:10pt;">(6
986)</span>
style
="font
-size:
10pt;"
>Perio
odi
puhas
kasum
raama
tupida
mise
vahea
ruande
s</spa
n>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------------------------
<span <span style="font-size:10pt;">6,8%</span> <span
style="font-size:10pt;">-1,3%</span>
<span style="font-size:10pt;">1,4%</span> <span
style="font-size:10pt;">-51,7%</span>
style
="font
-size:
10pt;"
>Puhas
rentaa
blus
(%)</
span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------------------------
<span style="font-size:9pt;">*</span><span style="font-size:9pt;">Tulemused ei
sisalda firmaväärtuste ja kaubamärkide allahindluseid. </span>
<span <span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 kuud <span
<span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 kuud
style 2012</span>
2011</span> style="font-size:10pt;">Muutus%</span>
2010</span> 2009</span>
="font
-size:
10pt;"
>Finan
tsnäit
ajad</
span>
<span
style
="font
-size:
10pt;"
>(tuha
ndetes
EUR)<
/span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------------------------------
<span
style
="font
-size:
10pt;"
>Perio
odi
kohta
</span
>
<span <span style="font-size:10pt;">59 706</span> <span
style="font-size:10pt;">57 391</span> <span
style="font-size:10pt;">4%</span> <span style="font-size:10pt;">51 814</span>
<span style="font-size:10pt;">51 974</span>
style
="font
-size:
10pt;"
>Müügi
tulu</
span>
<span <span style="font-size:10pt;">13 187</span> <span
style="font-size:10pt;">12 544</span> <span
style="font-size:10pt;">5%</span> <span style="font-size:10pt;">11 294</span>
<span style="font-size:10pt;">9 292</span>
style
="font
-size:
10pt;"
>Bruto
kasum<
/span>
<span <span style="font-size:10pt;">7 882</span> <span
style="font-size:10pt;">6 968</span> <span
style="font-size:10pt;">13%</span> <span style="font-size:10pt;">6 041</span>
<span style="font-size:10pt;">3 014</span>
style
="font
-size:
10pt;"
>EBITD
A*
</spa
n>
<span <span style="font-size:10pt;">4 596</span> <span
style="font-size:10pt;">3 443</span> <span
style="font-size:10pt;">33%</span> <span style="font-size:10pt;">2 760</span>
<span style="font-size:10pt;"> (445)</span>
style
="font
-size:
10pt;"
>Ärika
sum*
</spa
n>
<span <span style="font-size:10pt;">2 682</span> <span
style="font-size:10pt;">893</span> <span style="font-size:10pt;">200%</span>
<span style="font-size:10pt;"> (509)</span> <span style="font-size:10pt;"> (3
613)</span>
style
="font
-size:
10pt;"
>Perio
odi
puhas
kasum/
(-kahj
um)
jätku
vatest
tegev
ustest
*</spa
n>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------------------------------
<span <span style="font-size:10pt;">13,2%</span> <span
style="font-size:10pt;">12,1%</span>
<span style="font-size:10pt;">11,7%</span> <span
style="font-size:10pt;">5,8%</span>
style
="font
-size:
10pt;"
>EBITD
A
margi
naal*
(%)</
span>
<span <span style="font-size:10pt;">7,7%</span> <span
style="font-size:10pt;">6,0%</span>
<span style="font-size:10pt;">5,3%</span> <span
style="font-size:10pt;">-0,9%</span>
style
="font
-size:
10pt;"
>Ärire
ntaabl
us*
(%)</
span>
<span <span style="font-size:10pt;">4,5%</span> <span
style="font-size:10pt;">1,6%</span>
<span style="font-size:10pt;">-1,0%</span> <span
style="font-size:10pt;">-7,0%</span>
style
="font
-size:
10pt;"
>Puhas
rentaa
blus*
(%)</
span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------------------------------
<span <span style="font-size:10pt;">0</span> <span
style="font-size:10pt;">1 540</span> <span
style="font-size:10pt;">-100%</span> <span
style="font-size:10pt;">0</span> <span style="font-size:10pt;">0</span>
style
="font
-size:
10pt;"
>Eesti
Päeva
lehe
AS-i
soeta
misega
kaasn
enud
erako
rralin
e
tulu*
*</spa
n>
<span <span style="font-size:10pt;">(157)</span> <span
style="font-size:10pt;">(750)</span> <span
style="font-size:10pt;">-79%</span> <span
style="font-size:10pt;">0</span> <span style="font-size:10pt;">(5 844)</span>
style
="font
-size:
10pt;"
>Firma
väärtu
ste ja
kauba
märkid
e
allah
indlus
</span
>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------------------------------
<span <span style="font-size:10pt;">2 525</span> <span
style="font-size:10pt;">1 683</span> <span
style="font-size:10pt;">50%</span> <span style="font-size:10pt;">(509)</span>
<span style="font-size:10pt;">(9 457)</span>
style
="font
-size:
10pt;"
>Perio
odi
puhas
kasum/
(-kah
jum)
jätku
vatest
tegev
ustest
raama
tupida
mise
aruan
des</s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------------------------------
<span <span style="font-size:10pt;">2 525</span> <span
style="font-size:10pt;">1 683</span> <span
style="font-size:10pt;">50%</span> <span style="font-size:10pt;"> (146)</span>
<span style="font-size:10pt;">(12
style
</span><span
="font
style="font-size:10pt;">144)</span>
-size:
10pt;"
>Perio
odi
puhas
kasum/
(-kahj
um)
raama
tupida
mise
aruan
des</s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------------------------------
<span <span style="font-size:10pt;">4,2%</span> <span
style="font-size:10pt;">2,9%</span>
<span style="font-size:10pt;">-0,3%</span> <span
style="font-size:10pt;">-23,4%</span>
style
="font
-size:
10pt;"
>Puhas
rentaa
blus
(%)</
span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------------------------------
<span <span style="font-size:10pt;">0,08</span> <span
style="font-size:10pt;">0,06</span>
<span style="font-size:10pt;">(0,01)</span> <span
style="font-size:10pt;">(0,58)</span>
style
="font
-size:
10pt;"
>Puhas
kasum
aktsi
a
kohta
(EPS)
</span
>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------------------------------
<span style="font-size:9pt;">*</span><span style="font-size:9pt;">Tulemused ei
sisalda firmaväärtuste ja kaubamärkide allahindluseid ning erakorralist tulu
seoses Eesti Päevalehe AS-is täiendava osaluse soetamisega (vt allpool).</span>
<span style="font-size:9pt;">**</span><span style="font-size:9pt;">2011 I
kvartalis soetati täiendav 50% osalus Eesti Päevalehe AS-is. Tehingut kajastati
raamatupidamislikult kahes osas: esiteks kui olemasoleva 50% osaluse müüki,
millest teeniti erakorralist kasumit summas 1 540 tuhat eurot ja teiseks kui
100% tütarettevõtte omandamist (vt raamatupidamise aastaaruande lisa 4).
</span>
<span <span style="font-size:10pt;">31.12.2012</span> <span
style="font-size:10pt;">31.12.2011</span> <span
style
style="font-size:10pt;">Muutus%</span>
="font
-size:
10pt;"
>Bilan
ss</sp
an>
<span
style
="font
-size:
10pt;"
>(tuha
ndetes
EUR)<
/span>
--------------------------------------------------------------------------------
-------------------------------------------------------------------
<span
style
="font
-size:
10pt;"
>Perio
odi
lõpu
seisu
ga</sp
an>
<span <span style="font-size:10pt;">13 545</span> <span
style="font-size:10pt;">12 523</span> <span
style="font-size:10pt;">8%</span>
style
="font
-size:
10pt;"
>Käibe
vara</
span>
<span <span style="font-size:10pt;">66 754</span> <span
style="font-size:10pt;">68 986</span> <span
style="font-size:10pt;">-3%</span>
style
="font
-size:
10pt;"
>Põhiv
ara</s
pan>
<span <span style="font-size:10pt;">80 299</span> <span
style="font-size:10pt;">81 509</span> <span
style="font-size:10pt;">-1%</span>
style
="font
-size:
10pt;"
>Varad
kokku
</span
>
--------------------------------------------------------------------------------
-------------------------------------------------------------------
--------------------------------------------------------------------------------
-------------------------------------------------------------------
<span <span style="font-size:10pt;">14 967</span> <span
style="font-size:10pt;">16 547</span> <span
style="font-size:10pt;">-10%</span>
style
="font
-size:
10pt;"
>Lühia
jalise
d
kohus
tused<
/span>
<span <span style="font-size:10pt;">24 233</span> <span
style="font-size:10pt;">26 574</span> <span
style="font-size:10pt;">-9%</span>
style
="font
-size:
10pt;"
>Pikaa
jalise
d
kohus
tused<
/span>
<span <span style="font-size:10pt;">39 200</span> <span
style="font-size:10pt;">43 121</span> <span
style="font-size:10pt;">-9%</span>
style
="font
-size:
10pt;"
>Kohus
tused
kokku
</span
>
--------------------------------------------------------------------------------
-------------------------------------------------------------------
<span <span style="font-size:10pt;">41 099</span> <span
style="font-size:10pt;">38 388</span> <span
style="font-size:10pt;">7%</span>
style
="font
-size:
10pt;"
>Omaka
pital<
/span>
--------------------------------------------------------------------------------
-------------------------------------------------------------------
<span <span <span
style="font-size:10pt;">Finantssuhtarvu style="font-size:1 style="font-size:1
d (%)</span> 0pt;">31.12.2012</ 0pt;">31.12.2011</
span> span>
--------------------------------------------------------------------------------
<span <span <span
style="font-size:10pt;">Omakapitali style="font-size:1 style="font-size:1
osakaal (%)</span> 0pt;">51%</span> 0pt;">47%</span>
<span style="font-size:10pt;">Võla ja <span <span
omakapitali suhe (%) </span> style="font-size:1 style="font-size:1
0pt;">70%</span> 0pt;">83%</span>
<span style="font-size:10pt;">Võla ja <span <span
kapitali suhe (%) </span> style="font-size:1 style="font-size:1
0pt;">38%</span> 0pt;">43%</span>
<span style="font-size:10pt;">Koguvõla <span <span
ja EBITDA suhe (total debt/EBITDA style="font-size:1 style="font-size:1
ratio)</span> 0pt;">3,6</span> 0pt;">4,6</span>
<span <span <span
style="font-size:10pt;">Laenumaksete ja style="font-size:1 style="font-size:1
intresside kattekordaja (debt service 0pt;">1,52</span> 0pt;">1,06</span>
coverage ratio) </span>
<span <span <span
style="font-size:10pt;">Likviidsuskorda style="font-size:1 style="font-size:1
ja</span> 0pt;">0,90</span> 0pt;">0,76</span>
<span style="font-size:10pt;">Varade <span <span
tootlus (%)</span> style="font-size:1 style="font-size:1
0pt;">3,2%</span> 0pt;">2,0%</span>
<span <span <span
style="font-size:10pt;">Omakapitali style="font-size:1 style="font-size:1
tootlus (%)</span> 0pt;">6,4%</span> 0pt;">4,4%</span>
--------------------------------------------------------------------------------
<span style="font-size:10pt;">Esitatud finantssuhtarvude leidmisel kasutatud
valemid</span>
--------------------------------------------------------------------------------
-
<span style="font-size:10pt;">EBITDA <span style="font-size:10pt;">
marginaal*</span> <span EBITDA*/müügitulu x 100</span>
style="font-size:10pt;">(%)</span>
--------------------------------------------------------------------------------
<span <span style="font-size:10pt;">
style="font-size:10pt;">Ärirentaablus< Ärikasum*/müügitulu x100</span>
/span><span style="font-size:10pt;">*
</span><span
style="font-size:10pt;">(%)</span>
--------------------------------------------------------------------------------
<span <span style="font-size:10pt;">
style="font-size:10pt;">Puhasrentaablu Puhaskasum*/müügitulu x100</span>
s* (%) </span>
--------------------------------------------------------------------------------
<span <span style="font-size:10pt;">
style="font-size:10pt;">Puhasrentaablu Puhaskasum/müügitulu x100</span>
s (%) </span>
--------------------------------------------------------------------------------
<span <span style="font-size:10pt;">
style="font-size:10pt;">Puhaskasum Puhaskasum/keskmine aktsiate
aktsia kohta</span> arv</span>
--------------------------------------------------------------------------------
<span <span
style="font-size:10pt;">Omakapitali style="font-size:10pt;">Omakapital /
osakaal (%)</span> (kohustused+omakapital) x100</span>
--------------------------------------------------------------------------------
<span style="font-size:10pt;">Võla ja <span style="font-size:10pt;">Intressi
omakapitali suhe (%)</span> kandvad võlakohustused/omakapital x
100</span>
--------------------------------------------------------------------------------
<span style="font-size:10pt;">Võla ja <span
kapitali suhe (%)</span> style="font-size:10pt;">Intressikandva
d võlakohustused-raha ja pangakontod
(netovõlg)/(netovõlg+ omakapital) x
100</span>
--------------------------------------------------------------------------------
<span style="font-size:10pt;">Koguvõla <span
ja EBITDA suhe (total debt/EBITDA style="font-size:10pt;">Intressikandva
ratio)</span> d võlakohustused/EBITDA</span>
--------------------------------------------------------------------------------
<span style="font-size:10pt;">Esitatud finantssuhtarvude leidmisel kasutatud
valemid</span>
--------------------------------------------------------------------------------
-
<span <span
style="font-size:10pt;">Intresside ja style="font-size:10pt;">EBITDA/periood
laenumaksete kattekordaja (debt i laenu- ja intressimaksed</span>
service coverage ratio)</span>
--------------------------------------------------------------------------------
<span <span
style="font-size:10pt;">Likviidsuskord style="font-size:10pt;">Käibevara/lühi
aja</span> ajalised kohustused</span>
--------------------------------------------------------------------------------
<span style="font-size:10pt;">Varade <span
tootlus (%)</span> style="font-size:10pt;">Puhaskasum/kes
kmine varade jääk x 100</span>
--------------------------------------------------------------------------------
<span <span
style="font-size:10pt;">Omakapitali style="font-size:10pt;">Puhaskasum/kes
tootlus (%)</span> kmine omakapital x 100</span>
--------------------------------------------------------------------------------
Vaatamata teisel poolaastal reklaamiturgu tabanud tagasilöökidele, oli
kontserni jaoks tegemist hea kasvuaastaga. Majandustulemuse paranemisele
aitasid kaasa varasematel aastatel tehtud restruktureerimised, mis andsid
olulist majanduslikku efekti. Edukale äritegevusele lisaks avaldas suurt mõju
puhaskasumi kasvule aasta keskel sõlmitud kontserni laenukohustuste
refinantseerimise kokkulepe, mis vähendas olulisel määral kontserni
intressikulusid.
Aasta viimases kvartalis kasvas kontserni käive võrreldes eelmise aasta sama
ajaga 1% ning jõudis 16,4 miljoni euroni. Käibe kasvust olulisem oli suurema
efektiivsuse saavutamine, mille kaudu kasvas EBITDA võrreldes eelmise aasta IV
kvartaliga 13% ning puhaskasum ilma allahindlusteta 137% moodustades 1,27
miljonit eurot. 2012. aastal tervikuna kasvas kontserni käive 4% ja jõudis 59,7
miljoni euroni. Konsolideeritud puhaskasum jätkuvatest tegevustest (ilma
erakorraliste tulude ja allahindlusteta) kolmekordistus, moodustades 2,7
miljonit eurot, puhaskasumi marginal tõusis 4,5%-ni. EBITDA kasvas aastaga 14%,
saavutades 7,9 miljonit eurot. Paralleelselt laenude refinantseerimisele jätkas
kontsern olemasolevate laenukohustuste vähendamist, mille tulemusena on aasta
lõpuks laenude ja EBITDA suhe langenud 3,6-ni ning jätkab kiiret langemist.
Võrreldes eelarvega oli kontserni tegelik käive pea 1% parem. EBITDA eesmärgist
jäi küll 1,5% puudu, kuid puhaskasumi eesmärk vastas ootustele.
Aastaga on online-meedia segmendi osakaal kontsernivälisest tulust (vt Lisa 8)
kasvanud 15%-lt 17%-le ning EBITDA osakaal 18%-lt 20%-le. Perioodiliste
väljaannete segmendi osakaal käibest on kahanenud 42%-lt 40%-le, kuid osakaal
EBITDAs on kasvanud 7%-lt 10%-le. Trükiteenuste osakaal käibest on jäänud
samaks ning moodustab 43%, EBITDA osakaal on vähenenud 75%-lt 70%le. Nimetatud
muudatused on seletatavad online käibe jätkuva kasvuga ning samas perioodika
segmendi kasumlikumaks muutumisega. Seda kinnitab ka perioodika segmendi EBITDA
marginaali paranemine 2%-lt 3%-le. Trükiteenuste segmendi marginaal püsis
eelmise aastaga samal tasemel ning online-meedia segmendis paranes 16%-lt
17%-le. Online-meedia segmendi osakaal kontserni käibes ja kasumis on kasvanud
stabiilselt alates 2009. aastast ning eelmisel aastal ületas 2008. aasta
osakaalu kasumist. Järgmiselt aastalt ootame EBITDA osas trükiteenuse osakaalu
jätkuvat vähenemist ning perioodika ja online-meedia segmentide osakaalu
jätkuvat kasvamist.
Erakorralise tehinguna mõjutas kontserni majandustulemust aasta neljandas
kvartalis aset leidnud Leedu lasteajakirjade müügist tingitud kaubamärkide
allahindlus summas 157 tuhat eurot.
2012. aastal leidsid kontsernis aset mitmed allpool toodud olulised muutused ja
arengud.
Online-meedia segmendis viisime kõikides Delfides üle Baltikumi läbi esikülje
disainiuuendused. Uuenduste protsess jätkub kanalite esikülgedel ning on
plaanitud lõpetada 2013. aasta I kvartalis. Uuenduste tulemusena saab Delfi
keskkond läbivalt uue ja kaasaegse väljanägemise, mis tõstab oluliselt
külastajate kasutusmugavust. Koos esikülje uuendustega tõid kõik Delfid turule
ka alternatiivse esikülje, eesmärgiga pakkuda teistsugust kasutusmugavust
eeskätt nooremale ja kiiremale meedia tarbijale. Lätis ja Leedus on
alternatiivse esikülje nimeks Delfi Easy, Eestis kannab see Delfi 2 nime.
Leedus käivitasime Delfi toel uute online vertikaalide ärisuuna, mille käigus
tõime turule uue Cosmopolitani portaali ning värskendasime seniseid portaale
moteris.lt, 5braskes.lt ja klubas.lt. IV kvartalis ostsime Leedus
kuulutusteportaali ja -ajalehe Alio, mille liitsime Delfiga. Selle sammuga
astusime Leedus tõsiselt online kuulutuste ärisse. Kõigis Balti riikides
esitlesime Delfi Facebooki versiooni MyDelfi, eesmärgiga pakkuda Facebooki
kasutajatele võimalust personaliseeritud Delfi uudisvoo lugemiseks Facebookis.
Projekti arendus jätkub 2013. aastal. Aasta jooksul arendasime jooksvalt edasi
kõigi Delfide mobiilversioone, eesmärgiga kindlustada oma positsiooni mobiilse
veebi liidrite hulgas kõigis Balti riikides. Kuigi mobiilse reklaami müümise
osakaal meie kogukäibest on veel tagasihoidlik, on mobiilse reklaami käive
kõigis riikides viimasel aastal kasvanud kiires tempos. Delfi Eestis
käivitasime aasta lõpus otse-eetris korvpalli teleülekanded, astudes esimese
tõsise sammu online televisiooni suunas. Usume, et online televisioon on
oluline arengusuund ja teeme selles osas jätkuvaid pingutusi. Delfi Eestit asus
aasta viimases kvartalis juhtima uus tegevjuht Mari-Liis Rüütsalu ning senine
tegevjuht siirdus juhtima meie sisutootmise üksust AS-i Eesti Ajalehed
koosseisus. Ukrainas oleme aasta jooksul suutnud Delfi kasutajaskonda
kahekordistada ning trendi jätkumisel kasvab Delfi Ukraina 2013. aasta esimese
kvartali lõpuks suurimaks kasutajate arvuga Delfi portaaliks. Kuigi Delfi
Ukraina teenib endiselt kahjumit, oleme 2013. aastaks juhtkonnaga kokku
leppinud uue ärimudeli, mis limiteerib meie aastased kulud 150 tuhande euroni.
Ukraina reklaamituru arenedes on reaalne 2014. aastal jõuda tootega jooksvasse
kasumisse.
Perioodiliste väljaannete segmendis tõime IV kvartalis turule uue
nädalavahetuse ajalehe LP. Tegu on varasemalt Eesti Päevalehe nädalalõpu lehena
ilmunud väljaandega, mille reorganiseerisime täielikult, palgates väljaandele
eraldi peatoimetaja ning muutes lehe formaati ja disaini. LP on saanud
lugejaskonna hulgas väga positiivse huvi osaliseks, samuti on tema reklaamimüük
ületanud meie konservatiivsed plaanid.
Aasta teises pooles optimeerisime oma ajakirjade kirjastuste tooteportfelli.
Eestis liitsime nädalaajakirjad Nädal ja Kroonika ning sulgesime mõned
kahjumiga väiksemad tooted. Leedus loovutasime oma ajakirjade kirjastusest
lasteajakirjad ning koondasime ettevõtte tegevjuhi, määrates uueks juhiks
ettevõtte senise turundusjuhi. Nende tegevuste tulemusena peaks oluliselt
paranema mõlema kirjastuse majandustulemus, mida Leedus toetab ka 2013. aasta
algusest kehtima hakanud ajakirjade käibemaksu alandamine.
Olulisi arenguid on olnud ka meie digilehtede ärisuunas. Oleme otsustanud
esimest korda alates digilehtede käivitamisest avalikustada käesolevas aruandes
digitellimuste tulemusi, kuivõrd oleme veendunud ärisuuna elujõulisuses. Aasta
lõpuks oli AS-i Ekspress Grupp kahel peamisel digiplatformil kirjastataval
ajalehel Eesti Ekspress ja Eesti Päevaleht ligikaudu 10 tuhat lugemisõigusega
isikliku kontoga klienti kummagi ajalehe kohta, kes jagunesid paberlehe ja
digilehe paketi tellijateks (ligikaudu 7 tuhat) ning ainult digilehe tasulise
paketi tellinud klientideks (ligikaudu 3 tuhat). Kuu lõikes kasutab mõlemat
digilehte erinevate turundusaktsioonide toel kokku keskmiselt 12 tuhat
unikaalset kasutajat.
Arvestades digilehtede tasuliste tellijate arvu, oleme suutnud eelmisel aastal
kasvatada Eesti Ekspressi summaarset tellijate arvu 5% ning tasandada Eesti
Päevalehe tellijate arvu langust. Tänaseks on meie digilehtede portfellis neli
toodet: Eesti Päevaleht, nädalalehed Eesti Ekspress ja LP ning kuukiri Ärileht.
Plaanime jätkata äriliini arendamist pakkudes võimalikult suurele hulgale
potentsiaalsetest kasutajatest võimalust tootega tutvuda ja soodsatel
tingimustel tellida. Samuti jätkame maailmas ainulaadse turundusmudeli
arendamist, mis võimaldab kasutada meie dominantset positsiooni online-meedias
lugejate suunamiseks digitoodete juurde. 2012. aasta jooksul investeerisime
digitoodete arendusse läbi otseste investeeringute tehnoloogiasse ca 140 tuhat
eurot ning läbi jooksva majandustegevuse ca pool miljonit eurot. Näeme, et
2013. aastal on nimetatud ärisuund veel endiselt kapitali ja kulude mahukas,
kuid kasvav tasuliste tellijate arv ning reklaamikäive vähendavad ärisuuna
poolt ettevõttele kanduvat kulude survet. Perioodiliste väljaannete segmendis
oli 2012. aastal veel heaks õnnestumiseks Eesti Päevalehe ja raamatukirjastuse
Hea Lugu ühisprojekt Eestis toodetud mängufilmide DVD-sarja väljaandmisel.
Projekt toetas oluliselt perioodiliste väljaannete segmendi majandustulemust
ning ka Eesti Päevalehe üksikmüüki.
Trükiteenuste segmendis oli 2012. aasta peamiselt tootmisvõimsuste reservide
kasutamise aasta. Uusi investeeringuid seadmepargi laiendamisesse ei tehtud.
Eksportturgudel olulisi muutusi aset ei leidnud. Aasta kolmandas kvartalis
omistati Printallile ISO 9001 juhtimissertifikaat ja ISO 14001
keskkonnasertifikaat.
Oluliseks sündmuseks 2012. aastal oli ka kontserni infotehnoloogia ettevõtte OÜ
Ekspress Digital moodustamine. Ettevõtte asutamisega koondasime me kogu
kontserni IT-võimekuse ühte ettevõttesse, luues niimoodi olulise tehnoloogilise
kompetentsikeskuse eesmärgiga kasvada kontserni enda, aga ka kolmandate
osapoolte tehnoloogiavajaduste rahuldajaks. Ettevõte toimib kontserni
ettevõtetega turutingimustel ning omab õigust müüa omandatud oskusteavet ka
kolmandatele, kontserniga mitte seotud ettevõtetele. Ettevõttes töötab täna 23
inimest.
2013. aastalt ootame online-meedia segmendi jätkuvat osakaalu kasvu nii käibes
kui kasumis. Suurendame uuel aastal Delfi poolt pakutavat sisutoodangut, kuid
loome Delfi kõrvale ka uusi online-tooteid. Väljakutsuv majanduskeskkond hoiab
perioodiliste väljaannete segmendi kasvu endiselt surve all, kuid meie lootused
on suunatud Eesti Päevalehe ja nädalalehtede tellijaskonna arvu kasvatamisele
läbi digitoodete pakkumise. Plaanime koos eraldi tahvelarvutitele toodetud
aplikatsioonidega anda tellijatele ligipääsu ka meie online- keskkondades seni
suletud olnud sisule, milleks teeme vajalikud tehnoloogilised ümberkorraldused.
Trükiteenuse segmendis jätkame tootmisvõimsusete optimeerimist ja arutame
jooksvalt võimalusi tootmisvõimekuse tõstmiseks.
Kõik meie arendused ning uuendused peavad eelkõige toetama kontserni visiooni
olla oma ala professionaalseim ja innovatiivseim partner meie nõudlikule
lugejale ja kliendile ning pakkuda jätkuvalt uusi ja huvitavaid
ajakirjanduselamusi nii paberil kui digitaalses meedias.
SEGMENTIDE ÜLEVAADE
Grupp tegutses 2012 ja 2011 järgmistes segmentides:
- online-meedia
- perioodilised väljaanded (ajalehed, ajakirjad ja raamatud)
- trükiteenused
Segmentide peamised finantsnäitajad IV kvartal 2012/2011
--------------------------------------------------------------------------------
------------------------------------------------------
<span <span
style="font-size:10pt;">Müügitulu</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">IV kv </span> <span
style="font-size:10pt;">IV kv </span> <span
<span style="font-size:10pt;">2012</span> <span
style="font-size:10pt;">2011</span> style="font-size:10pt;">Muutus%</span>
--------------------------------------------------------------------------------
-------------------------------------------------------------
<span <span style="font-size:10pt;">2 989</span> <span
style="font-size:10pt;">2 586</span> <span style="font-size:10pt;">16%</span>
style
="font
-size:
10pt;"
>onlin
e-meed
ia</sp
an>
<span <span style="font-size:10pt;">6 626</span> <span
style="font-size:10pt;">6 544</span> <span style="font-size:10pt;">1%</span>
style
="font
-size:
10pt;"
>perio
odilis
ed
välja
anded<
/span>
<span <span style="font-size:10pt;">8 046</span> <span
style="font-size:10pt;">8 143</span> <span style="font-size:10pt;">-1%</span>
style
="font
-size:
10pt;"
>trüki
teenus
ed</sp
an>
<span <span style="font-size:10pt;">308</span> <span
style="font-size:10pt;">71</span> <span style="font-size:10pt;">334%</span>
style
="font
-size:
10pt;"
>kesks
ed
tegev
used</
span>
<span <span style="font-size:10pt;">(1 522)</span> <span
style="font-size:10pt;">(1 031)</span> <span
style="font-size:10pt;">-48%</span>
style
="font
-size:
10pt;"
>segme
ntidev
ahelis
ed
elimi
neerim
ised</
span>
--------------------------------------------------------------------------------
-------------------------------------------------------------
<span <span style="font-size:10pt;">16 447</span> <span
style="font-size:10pt;">16 313</span> <span
style="font-size:10pt;">1%</span>
style
="font
-size:
10pt;"
>KONTS
ERN
KOKKU
</span
>
--------------------------------------------------------------------------------
-------------------------------------------------------------
--------------------------------------------------------------------------------
---------------------------------------------------
<span <span
style="font-size:10pt;">EBITDA</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">IV kv <span
style="font-size:10pt;">IV kv</span> <span
2012</span> <span
style="font-size:10pt;"> 2011</span> style="font-size:10pt;">Muutus%</span>
--------------------------------------------------------------------------------
----------------------------------------------------------
<span <span style="font-size:10pt;">586</span> <span
style="font-size:10pt;">696</span> <span style="font-size:10pt;">-16%</span>
style
="font
-size:
10pt;"
>onlin
e-meed
ia</sp
an>
<span <span style="font-size:10pt;">253</span> <span
style="font-size:10pt;">62</span> <span style="font-size:10pt;">308%</span>
style
="font
-size:
10pt;"
>perio
odilis
ed
välja
anded<
/span>
<span <span style="font-size:10pt;">1 650</span> <span
style="font-size:10pt;">1 495</span> <span
style="font-size:10pt;">10%</span>
style
="font
-size:
10pt;"
>trüki
teenus
ed</sp
an>
<span <span style="font-size:10pt;">(242)</span> <span
style="font-size:10pt;">(268)</span> <span
style="font-size:10pt;">10%</span>
style
="font
-size:
10pt;"
>kesks
ed
tegev
used</
span>
<span <span style="font-size:10pt;">(1)</span> <span
style="font-size:10pt;">1</span> <span style="font-size:10pt;">-200%</span>
style
="font
-size:
10pt;"
>segme
ntidev
ahelis
ed
elimi
neerim
ised</
span>
--------------------------------------------------------------------------------
----------------------------------------------------------
<span <span style="font-size:10pt;">2 246</span> <span
style="font-size:10pt;">1 986</span> <span
style="font-size:10pt;">13%</span>
style
="font
-size:
10pt;"
>KONTS
ERN
KOKKU
</span
>
--------------------------------------------------------------------------------
----------------------------------------------------------
Segmentide peamised finantsnäitajad 12 kuud 2012/2011
--------------------------------------------------------------------------------
------------------------------------------------------
<span <span
style="font-size:10pt;">Müügitulu</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 kuud <span
</span>
2011</span> style="font-size:10pt;">Muutus%</span>
<span style="font-size:10pt;">2012</span>
--------------------------------------------------------------------------------
-------------------------------------------------------------
<span <span style="font-size:10pt;">10 370</span> <span
style="font-size:10pt;">8 977</span> <span style="font-size:10pt;">16%</span>
style
="font
-size:
10pt;"
>onlin
e-meed
ia</sp
an>
<span <span style="font-size:10pt;">24 741</span> <span
style="font-size:10pt;">24 069</span> <span
style="font-size:10pt;">3%</span>
style
="font
-size:
10pt;"
>perio
odilis
ed
välja
anded<
/span>
<span <span style="font-size:10pt;">29 167</span> <span
style="font-size:10pt;">27 736</span> <span
style="font-size:10pt;">5%</span>
style
="font
-size:
10pt;"
>trüki
teenus
ed</sp
an>
<span <span style="font-size:10pt;">996</span> <span
style="font-size:10pt;">209</span> <span style="font-size:10pt;">377%</span>
style
="font
-size:
10pt;"
>kesks
ed
tegev
used</
span>
<span <span style="font-size:10pt;">(5 568)</span> <span
style="font-size:10pt;">(3 600)</span> <span
style="font-size:10pt;">-55%</span>
style
="font
-size:
10pt;"
>segme
ntidev
ahelis
ed
elimi
neerim
ised</
span>
--------------------------------------------------------------------------------
-------------------------------------------------------------
<span <span style="font-size:10pt;">59 706</span> <span
style="font-size:10pt;">57 391</span> <span
style="font-size:10pt;">4%</span>
style
="font
-size:
10pt;"
>KONTS
ERN
KOKKU
</span
>
--------------------------------------------------------------------------------
-------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------
<span <span
style="font-size:10pt;">EBITDA</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 <span
2012</span>
kuud</span> style="font-size:10pt;">Muutus%</span>
<span
style="font-size:10pt;"> 2011</span>
--------------------------------------------------------------------------------
---------------------------------------------------------
<span <span style="font-size:10pt;">1 776</span> <span
style="font-size:10pt;">1 425</span> <span style="font-size:10pt;">25%</span>
style
="font
-size:
10pt;"
>onlin
e-meed
ia</sp
an>
<span <span style="font-size:10pt;">848</span> <span
style="font-size:10pt;">552</span> <span style="font-size:10pt;">54%</span>
style
="font
-size:
10pt;"
>perio
odilis
ed
välja
anded<
/span>
<span <span style="font-size:10pt;">6 052</span> <span
style="font-size:10pt;">5 959</span> <span style="font-size:10pt;">2%</span>
style
="font
-size:
10pt;"
>trüki
teenus
ed</sp
an>
<span <span style="font-size:10pt;">(795)</span> <span
style="font-size:10pt;">(980)</span> <span style="font-size:10pt;">19%</span>
style
="font
-size:
10pt;"
>kesks
ed
tegev
used</
span>
<span <span style="font-size:10pt;">1</span> <span
style="font-size:10pt;">12</span> <span style="font-size:10pt;">-92%</span>
style
="font
-size:
10pt;"
>segme
ntidev
ahelis
ed
elimi
neerim
ised</
span>
--------------------------------------------------------------------------------
---------------------------------------------------------
<span <span style="font-size:10pt;">7 882</span> <span
style="font-size:10pt;">6 968</span> <span style="font-size:10pt;">13%</span>
style
="font
-size:
10pt;"
>KONTS
ERN
KOKKU
</span
>
--------------------------------------------------------------------------------
---------------------------------------------------------
--------------------------------------------------------------------------------
---
<span <span style="font-size:10pt;">IV kv <span
style="font-size:10pt;">IV kv
style 2012</span>
2011</span>
="font
-size:
10pt;"
>EBITD
A
margi
naal</
span>
-------
<span <span style="font-size:10pt;">20%</span> <span
style="font-size:10pt;">27%</span>
style
="font
-size:
10pt;"
>onlin
e-meed
ia</sp
an>
<span <span style="font-size:10pt;">4%</span> <span
style="font-size:10pt;">1%</span>
style
="font
-size:
10pt;"
>perio
odilis
ed
välja
anded<
/span>
<span <span style="font-size:10pt;">21%</span> <span
style="font-size:10pt;">18%</span>
style
="font
-size:
10pt;"
>trüki
teenus
ed</sp
an>
--------------------------------------------------------------------------------
----------
<span <span style="font-size:10pt;">14%</span> <span
style="font-size:10pt;">12%</span>
style
="font
-size:
10pt;"
>KOKKU
</span
>
--------------------------------------------------------------------------------
----------
--------------------------------------------------------------------------------
---
<span <span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 kuud
style 2012</span>
2011</span>
="font
-size:
10pt;"
>EBITD
A
margi
naal</
span>
-------
<span <span style="font-size:10pt;">17%</span> <span
style="font-size:10pt;">16%</span>
style
="font
-size:
10pt;"
>onlin
e-meed
ia</sp
an>
<span <span style="font-size:10pt;">3%</span> <span
style="font-size:10pt;">2%</span>
style
="font
-size:
10pt;"
>perio
odilis
ed
välja
anded<
/span>
<span <span style="font-size:10pt;">21%</span> <span
style="font-size:10pt;">21%</span>
style
="font
-size:
10pt;"
>trüki
teenus
ed</sp
an>
--------------------------------------------------------------------------------
----------
<span <span style="font-size:10pt;">13%</span> <span
style="font-size:10pt;">12%</span>
style
="font
-size:
10pt;"
>KOKKU
</span
>
--------------------------------------------------------------------------------
----------
Segmentide EBITDA ei sisalda kontsernisiseseid juhtimistasusid ega
firmaväärtuste ning kaubamärkide allahindlust. Segmentide reklaamimüügituludest
ei ole maha arvatud agentuuridele makstavaid mahupõhiseid ja muid tasusid kuna
juhtkond jälgib brutoreklaamimüügitulusid. Allahindlused ja hinnavähendused
kajastuvad kontserni müügitulu vähendusena ja on näidatud elimineerimiste
koondreal.
Kontsernile kuuluvad uudisteportaalid
<span <span <span <span
style="font-size:1 style="font-size: style="font-size:1 style="font-size:
0pt;">Omanik</span> 10pt;">Portaal</sp 0pt;">Omanik</span> 10pt;">Portaal</sp
an> an>
--------------------------------------------------------------------------------
<span <span <span <span
style="font-size:1 style="font-size: style="font-size:1 style="font-size:
0pt;">Delfi 10pt;">www.delfi.e 0pt;">AS Eesti 10pt;">www.ekspres
Eesti</span> e</span> Ajalehed</span> s.ee</span>
--------------------------------------------------------------------------------
<span <span
style="font-size: style="font-size:
10pt;">rus.delfi.e 10pt;">www.maaleht
e</span> .ee</span>
--------------------------------------------------------------------------------
<span <span <span
style="font-size:1 style="font-size: style="font-size:
0pt;">Delfi 10pt;">www.delfi.l 10pt;">www.epl.ee<
Läti</span> v</span> /span>
--------------------------------------------------------------------------------
<span <span <span
style="font-size: style="font-size:1 style="font-size:
10pt;">rus.delfi.l 0pt;">AS SL 10pt;">www.ohtuleh
v</span> Õhtuleht</span> t.ee</span>
--------------------------------------------------------------------------------
<span <span
style="font-size:1 style="font-size:
0pt;">Delfi 10pt;">www.delfi.l
Leedu</span> t</span>
--------------------------------------------------------------------------------
<span
style="font-size:
10pt;">ru.delfi.lt
</span>
--------------------------------------------------------------------------------
<span <span
style="font-size:1 style="font-size:
0pt;">Delfi 10pt;">www.delfi.u
Ukraina</span> a</span>
--------------------------------------------------------------------------------
Kontsernile kuuluvad kuulutusteportaalid
<span <span <span <span
style="font-size style="font-size: style="font-size:1 style="font-size:10
:10pt;">Omanik</s 10pt;">Portaal</sp 0pt;">Omanik</span> pt;">Portaal</span>
pan> an>
--------------------------------------------------------------------------------
<span <span <span <span
style="font-size style="font-size: style="font-size:1 style="font-size:10
:10pt;">Delfi 10pt;">www.alio.lt 0pt;">Eesti pt;">www.ekspressjob
Leedu</span> </span> Ajalehed AS</span> .ee</span>
--------------------------------------------------------------------------------
<span
style="font-size:10
pt;">www.ekspressaut
o.ee</span>
--------------------------------------------------------------------------------
<span
style="font-size:10
pt;">www.hyppelaud.e
e</span>
--------------------------------------------------------------------------------
Online-meedia segment
Online-meedia segment hõlmab Delfi tegevust Eestis, Lätis, Leedus ja Ukrainas
ning samuti emaettevõtet Delfi Holding.
--------------------------------------------------------------------------------
---------------------------------------------------
<span <span
style="font-size:10pt;">Müügitulu</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">IV kv</span> <span
style="font-size:10pt;">IV kv <span
<span style="font-size:10pt;"> 2012</span>
</span> style="font-size:10pt;">Muutus%</span>
<span
style="font-size:10pt;">2011</span>
--------------------------------------------------------------------------------
----------------------------------------------------------
<span <span style="font-size:10pt;">951</span> <span
style="font-size:10pt;">913</span> <span style="font-size:10pt;">4%</span>
style
="font
-size:
10pt;"
>Delfi
Eesti
</span
>
<span <span style="font-size:10pt;">653</span> <span
style="font-size:10pt;">591</span> <span style="font-size:10pt;">10%</span>
style
="font
-size:
10pt;"
>Delfi
Läti<
/span>
<span <span style="font-size:10pt;">1 369</span> <span
style="font-size:10pt;">1 054</span> <span
style="font-size:10pt;">30%</span>
style
="font
-size:
10pt;"
>Delfi
Leedu
</span
>
<span <span style="font-size:10pt;">16</span> <span
style="font-size:10pt;">17</span> <span style="font-size:10pt;">-6%</span>
style
="font
-size:
10pt;"
>Delfi
Ukrai
na</sp
an>
<span <span style="font-size:10pt;">0</span> <span
style="font-size:10pt;">11</span> <span style="font-size:10pt;">-100%</span>
style
="font
-size:
10pt;"
>muud
Delfi
ettev
õtted<
/span>
<span <span style="font-size:10pt;">0</span> <span
style="font-size:10pt;">0</span> <span style="font-size:10pt;">-</span>
style
="font
-size:
10pt;"
>segme
ndisis
esed
elimi
neerim
ised</
span>
--------------------------------------------------------------------------------
----------------------------------------------------------
<span <span style="font-size:10pt;">2 989</span> <span
style="font-size:10pt;">2 586</span> <span
style="font-size:10pt;">16%</span>
style
="font
-size:
10pt;"
>KOKKU
</span
>
--------------------------------------------------------------------------------
----------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------
<span <span
style="font-size:10pt;">EBITDA</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">IV kv <span
style="font-size:10pt;">IV kv <span
</span>
</span> style="font-size:10pt;">Muutus%</span>
<span style="font-size:10pt;">2012</span> <span
style="font-size:10pt;">2011</span>
--------------------------------------------------------------------------------
-------------------------------------------------------
<span <span style="font-size:10pt;">118</span> <span
style="font-size:10pt;">117</span> <span style="font-size:10pt;">1%</span>
style
="font
-size:
10pt;"
>Delfi
Eesti
</span
>
<span <span style="font-size:10pt;">89</span> <span
style="font-size:10pt;">135</span> <span style="font-size:10pt;">-34%</span>
style
="font
-size:
10pt;"
>Delfi
Läti<
/span>
<span <span style="font-size:10pt;">332</span> <span
style="font-size:10pt;">285</span> <span style="font-size:10pt;">16%</span>
style
="font
-size:
10pt;"
>Delfi
Leedu
</span
>
<span <span style="font-size:10pt;">(59)</span> <span
style="font-size:10pt;">(62)</span> <span style="font-size:10pt;">5%</span>
style
="font
-size:
10pt;"
>Delfi
Ukrai
na</sp
an>
<span <span style="font-size:10pt;">108</span> <span
style="font-size:10pt;">221</span> <span style="font-size:10pt;">-51%</span>
style
="font
-size:
10pt;"
>muud
Delfi
ettev
õtted<
/span>
<span <span style="font-size:10pt;">(2)</span> <span
style="font-size:10pt;">0</span> <span style="font-size:10pt;">-</span>
style
="font
-size:
10pt;"
>segme
ndisis
esed
elimi
neerim
ised</
span>
--------------------------------------------------------------------------------
-------------------------------------------------------
<span <span style="font-size:10pt;">586</span> <span
style="font-size:10pt;">696</span> <span style="font-size:10pt;">-16%</span>
style
="font
-size:
10pt;"
>KOKKU
</span
>
--------------------------------------------------------------------------------
-------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------
<span <span
style="font-size:10pt;">Müügitulu</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 kuud <span
</span>
</span> style="font-size:10pt;">Muutus%</span>
<span style="font-size:10pt;">2012</span> <span
style="font-size:10pt;">2011</span>
--------------------------------------------------------------------------------
-----------------------------------------------------------
<span <span style="font-size:10pt;">3 469</span> <span
style="font-size:10pt;">3 177</span> <span
style="font-size:10pt;">9%</span>
style
="font
-size:
10pt;"
>Delfi
Eesti
</span
>
<span <span style="font-size:10pt;">2 292</span> <span
style="font-size:10pt;">2 014</span> <span
style="font-size:10pt;">14%</span>
style
="font
-size:
10pt;"
>Delfi
Läti<
/span>
<span <span style="font-size:10pt;">4 531</span> <span
style="font-size:10pt;">3 703</span> <span
style="font-size:10pt;">22%</span>
style
="font
-size:
10pt;"
>Delfi
Leedu
</span
>
<span <span style="font-size:10pt;">73</span> <span
style="font-size:10pt;">56</span> <span style="font-size:10pt;">30%</span>
style
="font
-size:
10pt;"
>Delfi
Ukrai
na</sp
an>
<span <span style="font-size:10pt;">6</span> <span
style="font-size:10pt;">26</span> <span style="font-size:10pt;">-77%</span>
style
="font
-size:
10pt;"
>muud
Delfi
ettev
õtted<
/span>
<span <span style="font-size:10pt;">(1)</span> <span
style="font-size:10pt;">1</span> <span style="font-size:10pt;">-200%</span>
style
="font
-size:
10pt;"
>segme
ndisis
esed
elimi
neerim
ised</
span>
--------------------------------------------------------------------------------
-----------------------------------------------------------
<span <span style="font-size:10pt;">10 370</span> <span
style="font-size:10pt;">8 977</span> <span
style="font-size:10pt;">16%</span>
style
="font
-size:
10pt;"
>KOKKU
</span
>
--------------------------------------------------------------------------------
-----------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------
<span <span
style="font-size:10pt;">EBITDA</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 kuud <span
</span>
</span> style="font-size:10pt;">Muutus%</span>
<span style="font-size:10pt;">2012</span> <span
style="font-size:10pt;">2011</span>
--------------------------------------------------------------------------------
---------------------------------------------------------
<span <span style="font-size:10pt;">279</span> <span
style="font-size:10pt;">154</span> <span style="font-size:10pt;">81%</span>
style
="font
-size:
10pt;"
>Delfi
Eesti
</span
>
<span <span style="font-size:10pt;">183</span> <span
style="font-size:10pt;">230</span> <span style="font-size:10pt;">-20%</span>
style
="font
-size:
10pt;"
>Delfi
Läti<
/span>
<span <span style="font-size:10pt;">1 182</span> <span
style="font-size:10pt;">653</span> <span style="font-size:10pt;">81%</span>
style
="font
-size:
10pt;"
>Delfi
Leedu
</span
>
<span <span style="font-size:10pt;">(260)</span> <span
style="font-size:10pt;">(259)</span> <span style="font-size:10pt;">0%</span>
style
="font
-size:
10pt;"
>Delfi
Ukrai
na</sp
an>
<span <span style="font-size:10pt;">399</span> <span
style="font-size:10pt;">647</span> <span style="font-size:10pt;">-38%</span>
style
="font
-size:
10pt;"
>muud
Delfi
ettev
õtted<
/span>
<span <span style="font-size:10pt;">(7)</span> <span
style="font-size:10pt;">0</span> <span style="font-size:10pt;">-</span>
style
="font
-size:
10pt;"
>segme
ndisis
esed
elimi
neerim
ised</
span>
--------------------------------------------------------------------------------
---------------------------------------------------------
<span <span style="font-size:10pt;">1 776</span> <span
style="font-size:10pt;">1 425</span> <span style="font-size:10pt;">25%</span>
style
="font
-size:
10pt;"
>KOKKU
</span
>
--------------------------------------------------------------------------------
---------------------------------------------------------
Online segmendi müügitulude ja EBITDA kasvu on läbi aasta juhtinud eelkõige
Delfi Leedu, kasvatades IV kvartalis käivet teistest oluliselt enam. Teistes
riikides on käive samuti kasvanud, kuid EBITDA numbriline kasv on jäänud
tagasihoidlikumaks. Delfi Läti 2012. aasta ja IV kvartali madalam tulemus on
tingitud täiendavate toimetajate palkamisest teisel poolaastal parandamaks
uudiste kaetavust ning suurendamaks sisutootmist 2013. aastal. Lätis vähenesid
ka saadavad subsiidiumid ja toetused.
Aasta kokkuvõttes väärib eraldi äramärkimist alljärgnev.
· Publitseeriti kõikides riikides uus versioon mobiilsetest rakendustest
Delfi portaalide lugemiseks.
· Valmisid Delfi alternatiivsed esilehed, kus suurem fookus piltidel.
<span style="font-size:11pt;">· </span><span
style="font-size:11pt;">Turule toodi uus asukohapõhine ilmaprognoosi rubriik,
mis on olemas ka mobiilses versioonis.</span>
Delfi Eesti
<span style="font-size:11pt;">· </span><span
style="font-size:11pt;">Delfi Eesti külastatavus ületas esimesena </span><span
style="font-size:11pt;">Eestis </span><span style="font-size:11pt;">1 miljoni
unikaalse kasutaja piiri, </span><span style="font-size:11pt;">mis on ligi 80%
kõigist Eesti internetikasutajatest. Sellega on Delfi kindlustanud oma
positsiooni populaarseima internetilehena Eestis ning suurendanud ka vahet oma
lähimate konkurentidega.</span>
<span style="font-size:11pt;">· </span><span
style="font-size:11pt;">Kiiresti on kasvanud Delfit mobiilist kasutavate
inimeste arv. Edukalt kulgenud Olümpiamängude kajastusega tõusis
mobiiltelefonist Delfit lugevate inimest arv nädalas kuni 100 tuhandeni.
</span>
· Delfi Eesti edastas esimest korda live ülekande avalikust üritusest,
kasutades selleks 4G mobiilse andmeside lahendust. Korvpallivõistluste
ülekandeid on võimalik vaadata nüüd regulaarselt Delfist.
· Uued kategooriad ja alamsaidid eestikeelses Delfis nagu Eesti Päevalehe
laupäevalehe LP alamrubriik., Euroopa Liidu-alaste debattide teemarubriik, Live
sprodiblogi ja VIASAT tipphetked Delfi Spordis, Eesti otsib superstaari, Tähed
jääl, Spordimeditsiin, Kuldne mask, Puhka Eestis, Olümpia 2012, Purjetamine,
Kirev maailm, Suvetüdruk, Kuldrula, Viru Folk, uus TOP Gear uudisteblokk jne.
· Eraldi jalgpalli kategooria Delfi eesti ja venekeelses versioonis ning
mobiilirakenduses.
· Uued kategooriad ja uus väljanägemine Delfi venekeelsetes rubriikides
ning uudiste sotsaalvõrkudesse jagamise funktsionaalsus venekeelses Delfis.
· Lansseeriti venekeelne e-pood ning filmilaenutus.ee.
· Uus Facebooki sein Noorte Hääles ning Reisileidja nüüd ka Facebookis.
· Delfi arhiiv sai värskema ja kasutajasõbralikuma väljanägemise.
· Delfi Eesti viis koostöös SEB Heategevusfondiga mitmendat aastat läbi
koostööprojekti “Jõulusoovide puu”, mille kaudu said kingituse ligi 1200
varjupaigas ja asenduskodus elavat last.
2012. aasta lõpus on Delfi.ee jätkuvalt Eesti suurim interneti meediaväljaanne.
Kui kasutajate hulga vahe lähimate konkurentidega eelkõige suveperioodil
vähenes, siis aasta lõpus on see stabiilselt kasvanud ja 2012. aasta detsembris
oli nädalate keskmise kasutajate arvu vahe lähima konkurendiga ca 80 tuhat
nädalast kasutajat. 2012. aasta jooksul on keskmine kasutajate arv kuus
kasvanud Eesti internetiturul 84 tuhande kasutaja võrra. See tähendab eelkõige
seda, et kasutajad kasutavad üha rohkem erinevaid seadmeid selleks, et Delfit
tarbida. Selle trendi jätkumine on ka 2013. aastal väga tõenäoline, kuna
nutitelefonide ja tahvelarvutite müüginumbrid näitavad selget kasvu.
2012. aasta jooksul on stabiilset kasvu näidanud ka Eesti Päevalehe
internetikeskkond www.epl.ee mis on leidmas oma kohta ainult kvaliteetuudiste
portaalina. Viimases kvartalis lisandunud Eesti Päevalehe nädalalõpuleht LP
pakub ka 2013. aastal selget alternatiivi neile tarbijaile, kes eelistavad
informatsiooni meelelahutusele.
Delfi Läti
· Delfi Läti venekeelne portaal saavutas üle aegade nii parima lugejate
tulemuse päeva, nädalavahetuse kui ka kuu lõikes.
· Uued kategooriad ja alamrubriigid nagu meelelahutusrubriik, jäähoki,
jalgpalli EM ja Londoni olümpia ning mitmete alamrubriikide (Auto, Naine,
Tehnoloogia) sisuline ja funktsionaalne arendamine.
· Toimetuse ümberkorraldused tagamaks parem uudiste edastus
nädalavahetustel.
· Suveürituste kiire ja laialdane kajastamine Delfis tõi väga palju uusi
lugejaid. Eriti suure lugejatearvuga oli Positivus festivali kajastamine
Delfis.
· Reklaamifirma DDB uuringu alusel oli Delfi 2012. aasta detsembris kõige
populaarsem ja mõjuvõimsam bränd Läti internetis.
· Koostööprojektid erinevas vallas:
<span style="font-family:Courier New, Courier, monospace;">o </span>Läti
muusikaauhindade „The Great Music Award“ ja klassikamuusika festivali “Riga
Festival” meediapartner,
<span style="font-family:Courier New, Courier, monospace;">o
</span>meediapartner rahvusvahelisel reklaamifestivalil Kuldne Haamer ning Riga
Fashion Week’il,
<span style="font-family:Courier New, Courier, monospace;">o </span>jätkus
rahvaajakirjandusalane koostööprojekt “Maantee reporter” koostöös TV3+-ga.
<span style="font-size:11pt;">2012. aasta lõpus on Delfi.lv jätkuvalt suurim
interneti meediaväljaanne Lätis. Üldises internetikasutuses on Delfist endiselt
suurema kasutajate arvuga nii e-maili keskkond Inbox.lv ja sotsiaalvõrgustik
Draugiem.lv. Portaalidest edestab Delfi aga lähimaid konkurente rohkem kui 100
tuhande kasutaja võrra kuu kasutajate arvus. Vahe lähima konkurendi tvnet.lv-ga
on aasta baasil püsinud stabiilsena ja ulatus detsembris 2012 106 tuhande
kasutajani. 2012. aasta jooksul on stabiilselt kasvanud Sanoma News’ile kuuluv
apollo.lv, kes ohustab kindlasti tvnet.lv positsiooni 2013. aastal. Läti
internetikasutajate turg tervikuna on 2012. aasta jooksul pigem kahanenud kui
kasvanud. Seda erinevalt Eesti, Leedu ja Ukraina turgudest, kus kasutajate arv
on kasvanud. 2013. aastalt ootame eelkõige üldist kasutajate arvu kasvu, sest
mobiilsete seadmete arvu kasv peaks ka Lätis positiivset mõju avaldama.</span>
Delfi Leedu
· Koostöös kontserni ajakirjade kirjastaja Ekspress Leidybaga lansseeriti
aasta jooksul erinevaid eelkõige naistele suunatud vertikaalportaale nagu
www.cosmopolitan.lt, www.moteris.lt, ja www.panele.lt, moodustades nii tugeva
elustiili ja meelelahutuse fookusega internetisaidid.
· Novembris soetati Leedu vanim ja tuntuim kuulutuste portaal Alio,
millega astuti väga tugev samm edasi antud turusegmendis. Lisaks
internetiportaalile omandati ka paberajaleht.
· Lansseeriti Delfi poolakeelne portaal.
· Uued kategooriad ja alamrubriigid nagu Londoni Olümpia, tarbijale
suunatud „Mano litai“ (minu litt) jne ning uuendused Delfi mängude ja Rahva
Hääle sektsioonides.
· Delfi oli eksklusiivne Eurovisiooni partner Leedus ning ametlik
kommunikatsioonipartner Leedu interneti konverentsil LOGIN.
· Jätkus aktiivne koostöö Leedu riigitelevisiooniga.
· Restruktureeriti senine IT meeskond.
<span style="font-size:11pt;">2012. aasta lõpus oli Delfi.lt jätkuvalt Leedu
suurim interneti meediaväljaanne. Vaatamata sellele, et suurim konkurent
15min.lt on aasta jooksul ostnud ja endaga liitnud kolm erinevat portaali, on
vahe aasta teisel poolel kasvanud ja on 2012. aasta detsembris endiselt 166
tuhat kasutajat.</span>
<strong style="font-size: 11pt;">Delfi Ukraina
· Jätkatakse eelmisel aastal alustatud strateegiaga, pakkudes kergemaid
tabloidformaadis uudiseid.
· Marketingiaktsioonid sotsiaalmeedias ja koostööprojektid raadio ja
telekanalitega tõstmaks Delfi nähtavust turul.
· Alates 2012. aasta septembrist on suurendatud naistele mõeldud sisu
tootmist tulenevalt Delfi.ua kasutajate profiilist.
Ukraina internetituru toimimine erineb endiselt oluliselt Baltikumi turu
käitumisest. Delfi.ua’le on 2012. aasta tervikuna olnud erakordselt edukas –
Delfi uudistoodangut kasutanud inimeste arv on praktiliselt kahekordistunud.
Selle saavutuse teevad veel erakordseks võrdlus teiste portaalidega, millede
kasutajate arv on aasta baasil pigem langenud kui kasvanud. Kahjuks ei ole
kasutajate arvu selline kasv toonud kaasa samaväärset kasvu reklaamimüügis.
Siin on tegu samuti Ukraina turule omapärase sentimendiga, kus reaalset
reklaamraha internetis jõuab meediakanaliteni väga vähe – suurema osa
eelarvetest jätavad endale reklaamivahendajad.
Perioodiliste väljaannete segment
Perioodiliste väljaannete segmenti kuuluvad ajalehtede, ajakirjade ja raamatute
kirjastusettevõtted. Samuti kuulub siia segmenti perioodika kojukandega tegelev
AS Express Post.
1. oktoobri 2011 seisuga toimus ettevõtete Eesti Päevalehe AS-i ja AS-i Eesti
Ajalehed ühinemine. Samal kuupäeval toimus ühinenud ettevõtete
raamatukirjastamise osakonna eraldumine eraldiseisva juriidilise ettevõttena.
Uus raamatukirjastus nimega OÜ Hea Lugu tegutses kuni 2013. aasta jaanuarini
AS-i Eesti Ajalehed tütarettevõttena, pärast mida liikus ta emaettevõtte
otseomandusse. 1. novembril 2011 toimus ühisettevõtete AS SL Õhtuleht ja AS
Linnaleht ühinemine. 1. jaanuarist 2012 on ühendatud OÜ Uniservice ja AS
Ajakirjade Kirjastus.
-------
<span <span
style="font-size:10pt;">Müügitulu</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
--------------------------------------------------------------------------------
--------------------------------------------------
<span style="font-size:10pt;">IV kv <span
style="font-size:10pt;">IV kv <span
2012</span>
2011</span> style="font-size:10pt;">Muutus%</span>
--------------------------------------------------------------------------------
---------------------------------------------------------
<span <span style="font-size:10pt;">3 529</span> <span
style="font-size:10pt;">3 330</span> <span style="font-size:10pt;">6%</span>
style
="font
-size:
10pt;"
>AS
Eesti
Ajale
hed**<
/span>
<span <span style="font-size:10pt;">950</span> <span
style="font-size:10pt;">915</span> <span style="font-size:10pt;">4%</span>
style
="font
-size:
10pt;"
>AS SL
Õhtul
eht*</
span>
<span <span style="font-size:10pt;">1 186</span> <span
style="font-size:10pt;">1 206</span> <span style="font-size:10pt;">-2%</span>
style
="font
-size:
10pt;"
>AS
Ajaki
rjade
Kirja
stus*<
/span>
<span <span style="font-size:10pt;">641</span> <span
style="font-size:10pt;">742</span> <span style="font-size:10pt;">-14%</span>
style
="font
-size:
10pt;"
>UAB
Ekspr
ess
Leidy
ba</sp
an>
<span <span style="font-size:10pt;">601</span> <span
style="font-size:10pt;">628</span> <span style="font-size:10pt;">-4%</span>
style
="font
-size:
10pt;"
>AS
Expre
ss
Post*
</span
>
<span <span style="font-size:10pt;">(281)</span> <span
style="font-size:10pt;">(277)</span> <span style="font-size:10pt;">-1%</span>
style
="font
-size:
10pt;"
>segme
ndisis
esed
elimi
neerim
ised</
span>
<span <span style="font-size:10pt;">6 626</span> <span
style="font-size:10pt;">6 544</span> <span style="font-size:10pt;">1%</span>
style
="font
-size:
10pt;"
>KOKKU
</span
>
--------------------------------------------------------------------------------
---------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------
<span <span
style="font-size:10pt;">EBITDA</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">IV kv <span
style="font-size:10pt;">IV kv <span
2012</span>
2011</span> style="font-size:10pt;">Muutus%</span>
--------------------------------------------------------------------------------
---------------------------------------------------------
<span <span style="font-size:10pt;">105</span> <span
style="font-size:10pt;">(192)</span> <span
style="font-size:10pt;">155%</span>
style
="font
-size:
10pt;"
>AS
Eesti
Ajale
hed**<
/span>
<span <span style="font-size:10pt;">51</span> <span
style="font-size:10pt;">62</span> <span style="font-size:10pt;">-18%</span>
style
="font
-size:
10pt;"
>AS SL
Õhtul
eht*</
span>
<span <span style="font-size:10pt;">93</span> <span
style="font-size:10pt;">102</span> <span style="font-size:10pt;">-9%</span>
style
="font
-size:
10pt;"
>AS
Ajaki
rjade
Kirja
stus*<
/span>
<span <span style="font-size:10pt;">(80)</span> <span
style="font-size:10pt;">12</span> <span style="font-size:10pt;">-767%</span>
style
="font
-size:
10pt;"
>UAB
Ekspr
ess
Leidy
ba</sp
an>
<span <span style="font-size:10pt;">85</span> <span
style="font-size:10pt;">82</span> <span style="font-size:10pt;">4%</span>
style
="font
-size:
10pt;"
>AS
Expre
ss
Post*
</span
>
<span <span style="font-size:10pt;">(1)</span> <span
style="font-size:10pt;">(4)</span> <span style="font-size:10pt;">-</span>
style
="font
-size:
10pt;"
>segme
ndisis
esed
elimi
neerim
ised</
span>
<span <span style="font-size:10pt;">253</span> <span
style="font-size:10pt;">62</span> <span style="font-size:10pt;">308%</span>
style
="font
-size:
10pt;"
>KOKKU
</span
>
--------------------------------------------------------------------------------
---------------------------------------------------------
-------
<span <span
style="font-size:10pt;">Müügitulu</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
--------------------------------------------------------------------------------
-----------------------------------------------------
<span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 kuud <span
2012</span>
2011</span> style="font-size:10pt;">Muutus%</span>
--------------------------------------------------------------------------------
------------------------------------------------------------
<span <span style="font-size:10pt;">12 999</span> <span
style="font-size:10pt;">12 761</span> <span style="font-size:10pt;">2%</span>
style
="font
-size:
10pt;"
>AS
Eesti
Ajale
hed**<
/span>
<span <span style="font-size:10pt;">3 705</span> <span
style="font-size:10pt;">3 432</span> <span style="font-size:10pt;">8%</span>
style
="font
-size:
10pt;"
>AS SL
Õhtul
eht*</
span>
<span <span style="font-size:10pt;">4 196</span> <span
style="font-size:10pt;">4 190</span> <span style="font-size:10pt;">0%</span>
style
="font
-size:
10pt;"
>AS
Ajaki
rjade
Kirja
stus*<
/span>
<span <span style="font-size:10pt;">2 629</span> <span
style="font-size:10pt;">2 816</span> <span style="font-size:10pt;">-7%</span>
style
="font
-size:
10pt;"
>UAB
Ekspr
ess
Leidy
ba</sp
an>
<span <span style="font-size:10pt;">2 313</span> <span
style="font-size:10pt;">2 396</span> <span style="font-size:10pt;">-3%</span>
style
="font
-size:
10pt;"
>AS
Expre
ss
Post*
</span
>
<span <span style="font-size:10pt;">(1 101)</span> <span
style="font-size:10pt;">(1 535)</span> <span
style="font-size:10pt;">28%</span>
style
="font
-size:
10pt;"
>segme
ndisis
esed
elimi
neerim
ised**
*</spa
n>
<span <span style="font-size:10pt;">24 741</span> <span
style="font-size:10pt;">24 069</span> <span style="font-size:10pt;">3%</span>
style
="font
-size:
10pt;"
>KOKKU
</span
>
--------------------------------------------------------------------------------
------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------------------------------------
<span <span
style="font-size:10pt;">EBITDA</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 kuud <span
2012</span>
2011</span> style="font-size:10pt;">Muutus%</span>
--------------------------------------------------------------------------------
-----------------------------------------------------------
<span <span style="font-size:10pt;">502</span> <span
style="font-size:10pt;">(211)</span> <span
style="font-size:10pt;">338%</span>
style
="font
-size:
10pt;"
>AS
Eesti
Ajale
hed**<
/span>
<span <span style="font-size:10pt;">244</span> <span
style="font-size:10pt;">203</span> <span style="font-size:10pt;">20%</span>
style
="font
-size:
10pt;"
>AS SL
Õhtul
eht*</
span>
<span <span style="font-size:10pt;">35</span> <span
style="font-size:10pt;">164</span> <span style="font-size:10pt;">-79%</span>
style
="font
-size:
10pt;"
>AS
Ajaki
rjade
Kirja
stus*<
/span>
<span <span style="font-size:10pt;">(190)</span> <span
style="font-size:10pt;">14</span> <span style="font-size:10pt;">-1457%</span>
style
="font
-size:
10pt;"
>UAB
Ekspr
ess
Leidy
ba</sp
an>
<span <span style="font-size:10pt;">258</span> <span
style="font-size:10pt;">290</span> <span style="font-size:10pt;">-11%</span>
style
="font
-size:
10pt;"
>AS
Expre
ss
Post*
</span
>
<span <span style="font-size:10pt;">(1)</span> <span
style="font-size:10pt;">91</span> <span style="font-size:10pt;">-</span>
style
="font
-size:
10pt;"
>segme
ndisis
esed
elimi
neerim
ised**
*</spa
n>
<span <span style="font-size:10pt;">848</span> <span
style="font-size:10pt;">552</span> <span style="font-size:10pt;">54%</span>
style
="font
-size:
10pt;"
>KOKKU
</span
>
--------------------------------------------------------------------------------
-----------------------------------------------------------
<span style="font-size:9pt;">*Ühisettevõtetest proportsionaalne osa</span>
<span style="font-size:9pt;">** Võrreldavuse huvides on AS-i Eesti Ajalehed all
näidatud AS Eesti Ajalehed, Eesti Päevalehe AS (mõlemas aastas 100%) ja OÜ Hea
Lugu andmed liidetuna.</span>
<span style="font-size:9pt;">*** Segmendisisesed elimineerimised 2011 EBITDA-s
sisaldavad Eesti Päevalehe AS-i 50% negatiivse EBITDA ja Eesti Päevalehe AS-i
osaluse soetamisel tekkinud firmaväärtuse korrigeerimist.</span>
Perioodiliste väljaannete segment suutis vaatamata keerulisele olukorrale
reklaamimüügiturul nii IV kvartalis kui ka aasta kokkuvõttes käivet kasvatada.
Sellele aitasid kaasa mitmed erinevad initsiatiivid ja tootearendused.
Eesti filmi 100. juubeliaasta puhul käivitati OÜ Hea Lugu ja Eesti Päevalehe
ühisprojekt, mille raames pakuti koos Eesti Päevalehe tellimusega lugejatele
võimalust soetada Eesti filmiklassika kolmekümnest filmist koosnev sari.
Jätkusari täiendava 15 filmiga kestab kuni 2013. aasta veebruarini. AS Eesti
Ajalehed tõi turule Eesti Päevalehe uue laupäevalehe LP, mis on saanud lugejate
poolt väga hea vastuvõtu osaliseks. Hea tulemusega lõppesid Maalehe
juubeliraamatu ja aastaraamatu projektid. Samuti oli edukas Eesti Ekspressi
jaemüügi projekt koos bestselleriga „Viiskümmend halli varjundit“.
Ajakirjade Kirjastus alustas uue ajakirja Top Gear kirjastamist koos ajakirja
litsentsi omava Leedu partneriga. Novembris ilmus esimest korda Eesti Naise
lisana välja antav kvartaalne ajakiri Elu Lood, mille esimene number võeti
lugejate poolt väga hästi vastu. Oktoobris liideti ajakirjad Kroonika ja Nädal.
Leedu ajakirjade kirjastus annab alates juunist litsentsi alusel välja ajakirja
GEO. Novembris müüdi marginaalse hinnaga Leedu lasteajakirjade
kirjastamistegevus, kuivõrd nende tegevus tootis kahjumit, tiraažid olid
väikesed ning puudus ka perspektiiv nende kasvatamisel.
Eesti ajalehtede tiraaz 2011-2012
2012. aasta oli ajalehtede tiraažide osas suhteliselt stabiilne. Pikemaajalises
plaanis toimub väike tiraažide langus, aga see on sarnane mujal maailmas
toimuvate protsessidega. 2012. aasta väljaannete keskmine tiraaž langes 2011.
aastaga võrreldes ca 2%. Aasta keskmine tiraaž tõusis ainult Maalehel (+2,5%).
Teistel väljaannetel keskmine tiraaž langes. Käesolev analüüs ei peegelda kogu
situatsiooni ajalehtede turul, sest AS-i Eesti Ajalehed väljaanded on juba
teist aastat ilmunud ka digitaalsel kujul. Kui lisada paberlehe tiraazile ka
digitaalsete lehtede tellijad, siis nii Eesti Ekspressi kui ka Eesti Päevalehe
tiraaž on 2012. aastal kasvanud.
Eesti ajalehtede lugejaskond 2011-2012
2012. aasta ajalehtede keskmised lugejate arvud on rõõmustaval kombel kasvavas
trendis. See on mõneti ootamatu tulemus, kuna ajalehtede tiraažid on väikeses
languses. Keskmise kasvu taga on ka korrektsioon uuringu teostamisel, kus
valimi hulka on alates 2012. aasta teisest kvartalist arvatud kõik elanikud
alates 15. eluaastast. Tõenäoliselt on selles kasvus oma osa ka selles, et juba
teist aastat on Eesti Päevalehte ja Eesti Ekspressi kirjastatud ka digitaalsel
kujul. Kuna digilehtede lugejate uuringut eraldi ei teostata, siis puudub nende
paberlehtede lugejatega võrreldavaks viimiseks metoodiline alus. Samas on AS
Eesti Ajalehed tellinud 2012. aasta detsembris spetsiaalse uuringu, mille
tulemusena saame kinnitada, et nii Eesti Päevalehel kui ka Eesti Ekspressil on
ca 30 tuhandet lugejat lisaks, kes tarbivad antud väljaandeid elektroonilisel
kujul ja mida ülatoodud lugejate võrdlus ei kajasta. Kontserni 2013. aasta üks
põhiline eesmärk on elektrooniliste lugejate hulga märkimisväärne kasvatamine.
Trükiteenuste segment
<span style="font-size:11pt;">Kontserni kõik trükiteenused on kontsentreerunud
ASi Printall, mis on üks suurim trükkimisega tegelev ettevõte Eestis. Printall
on võimeline trükkima nii ajalehti (</span><em style="font-size:
11pt;">coldset<span style="font-size:11pt;">) kui ka ajakirju (</span><em
style="font-size: 11pt;">heatset<span style="font-size:11pt;">).</span>
-------
<span <span
style="font-size:10pt;">Müügitulu</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
--------------------------------------------------------------------------------
-------------------------------------------------
<span style="font-size:10pt;">IV kv <span
style="font-size:10pt;">IV kv <span
2012</span>
2011</span> style="font-size:10pt;">Muutus%</span>
--------------------------------------------------------------------------------
--------------------------------------------------------
<span <span style="font-size:10pt;">8 046</span> <span
style="font-size:10pt;">8 143</span> <span style="font-size:10pt;">-1%</span>
style
="font
-size:
10pt;"
>AS
Print
all</s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------
--------------------------------------------------------------------------------
-------------------------------------------------
<span <span
style="font-size:10pt;">EBITDA</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">IV kv <span
style="font-size:10pt;">IV kv <span
2012</span>
2011</span> style="font-size:10pt;">Muutus%</span>
--------------------------------------------------------------------------------
--------------------------------------------------------
<span <span style="font-size:10pt;">1 650</span> <span
style="font-size:10pt;">1 495</span> <span style="font-size:10pt;">10%</span>
style
="font
-size:
10pt;"
>AS
Print
all</s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------
-------
<span <span
style="font-size:10pt;">Müügitulu</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
--------------------------------------------------------------------------------
--------------------------------------------------
<span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 kuud <span
2012</span>
2011</span> style="font-size:10pt;">Muutus%</span>
--------------------------------------------------------------------------------
---------------------------------------------------------
<span <span style="font-size:10pt;">29 167</span> <span
style="font-size:10pt;">27 736</span> <span style="font-size:10pt;">5%</span>
style
="font
-size:
10pt;"
>AS
Print
all</s
pan>
--------------------------------------------------------------------------------
---------------------------------------------------------
--------------------------------------------------------------------------------
------------------------------------------------
<span <span
style="font-size:10pt;">EBITDA</span>
style=
"font-
size:1
0pt;">
(tuhan
detes
EUR)</
span>
-------
<span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 kuud <span
2012</span>
2011</span> style="font-size:10pt;">Muutus%</span>
--------------------------------------------------------------------------------
-------------------------------------------------------
<span <span style="font-size:10pt;">6 052</span> <span
style="font-size:10pt;">5 959</span> <span style="font-size:10pt;">2%</span>
style
="font
-size:
10pt;"
>AS
Print
all</s
pan>
--------------------------------------------------------------------------------
-------------------------------------------------------
Trükikoda Printall jätkab endiselt eelmise aasta tulemuste ületamist, kuid mis
tulenevalt kõrghooajal tootmisvõimsuste maksimaalse taseme juures
opereerimisest muutub üha keerulisemaks. Kontserniettevõtete osa käibes väheneb
ning kasvab ekspordi osakaal. Suurema osa mahu kasvust toob eelkõige trükkimine
heatset masinatel, mis moodustab kogukäibest ca 85%.
Trükiteenused ja keskkond
Lisaks majanduslikult väga efektiivsele ettevõttele keskendutakse Printallis ka
keskkonnateadlikule tootmisele. Printallile on omistatud 2012. aastal ISO 9001
juhtimissertifikaat ja ISO 14001 keskkonnasertifikaat.
Eesti Vabariigi keskkonnaminister ja jäätmekäitleja AS Ragn-Sells on omistanud
Printallile Suure Aasta Taaskasutaja auhinna, kuna ettevõte suunab
taaskasutusse 95% tekkivatest jäätmetest.
Põhjamaade Ministrite Nõukogu on omistanud Printallile keskkonnamärgistuse “The
Nordic Ecolabel”, millega pärjatakse Põhjamaade säästlikult tootvaid
ettevõtteid. Samuti on Printallil FSC ja PEFC Chain of Custody (COC)
sertifikaadid, millega anname omapoolse panuse rohelise mõtteviisi elavdamisele
trükitööstuses. Nimetatud sertifikaadid on toote tarneahela jälgimis- ja nõuete
vastavuse täitmise sertifikaadid, mis väljastatakse ettevõtetele, kes täidavad
FSC (Forest Stewardship Council) ja PEFC (Programme for the Endorsement of
Forest Certification) kehtestatud nõudeid. Ettevõte, kellele omistatakse
sellised sertifikaadid, toetab oma tegevusega keskkonnasõbralikku, sotsiaalselt
õiglast ja majanduslikult elujõulist maailma metsade majandamist.
Printall hoolib keskkonnast ja kasutab rohelist energiat. POWERED BY GREEN
sertifikaat kinnitab, et ettevõte ostab elektrienergiat, mille tootmisel on
kasutatud vähemalt 70% taastuvaid energiaallikaid.
Konsolideeritud bilanss (auditeerimata)
<span <span style="font-size:10pt;">31.12.2012</span> <span
style="font-size:10pt;">31.12.2011</span>
style
="font
-size:
10pt;"
>(tuha
ndetes
EUR)<
/span>
--------------------------------------------------------------------------------
------------------------
--------------------------------------------------------------------------------
------------------------
<span
style
="font
-size:
10pt;"
>VARAD
</span
>
<span
style
="font
-size:
10pt;"
>Käibe
vara</
span>
<span <span style="font-size:10pt;">3 182</span> <span
style="font-size:10pt;">2 729</span>
style
="font
-size:
10pt;"
>Raha
ja
raha
ekviv
alendi
d</spa
n>
<span <span style="font-size:10pt;">7 344</span> <span
style="font-size:10pt;">6 921</span>
style
="font
-size:
10pt;"
>Nõude
d ja
ettem
aksed<
/span>
<span <span style="font-size:10pt;">2 922</span> <span
style="font-size:10pt;">2 833</span>
style
="font
-size:
10pt;"
>Varud
</span
>
<span <span style="font-size:10pt;">13 448</span> <span
style="font-size:10pt;">12 483</span>
style
="font
-size:
10pt;"
>Kokku
</span
>
<span <span style="font-size:10pt;">97</span> <span
style="font-size:10pt;">40</span>
style
="font
-size:
10pt;"
>Müügi
ootel
põhiv
ara</s
pan>
<span <span style="font-size:10pt;">13 545</span> <span
style="font-size:10pt;">12 523</span>
style
="font
-size:
10pt;"
>Käibe
vara
kokku
</span
>
--------------------------------------------------------------------------------
------------------------
--------------------------------------------------------------------------------
------------------------
<span
style
="font
-size:
10pt;"
>Põhiv
ara</s
pan>
<span <span style="font-size:10pt;">98</span> <span
style="font-size:10pt;">98</span>
style
="font
-size:
10pt;"
>Tähta
jaline
hoius
</spa
n>
<span <span style="font-size:10pt;">365</span> <span
style="font-size:10pt;">167</span>
style
="font
-size:
10pt;"
>Nõude
d ja
ettem
aksed<
/span>
<span <span style="font-size:10pt;">14 841</span> <span
style="font-size:10pt;">16 751</span>
style
="font
-size:
10pt;"
>Mater
iaalne
põhiv
ara</s
pan>
<span <span style="font-size:10pt;">51 450</span> <span
style="font-size:10pt;">51 970</span>
style
="font
-size:
10pt;"
>Immat
eriaal
ne
põhiv
ara</s
pan>
<span <span style="font-size:10pt;">66 754</span> <span
style="font-size:10pt;">68 986</span>
style
="font
-size:
10pt;"
>Põhiv
ara
kokku
</span
>
--------------------------------------------------------------------------------
------------------------
<span <span style="font-size:10pt;">80 299</span> <span
style="font-size:10pt;">81 509</span>
style
="font
-size:
10pt;"
>
VARAD
KOKKU
</span
>
--------------------------------------------------------------------------------
------------------------
--------------------------------------------------------------------------------
-----------------
<span
style
="font
-size:
10pt;"
>KOHUS
TUSED
</spa
n>
<span
style
="font
-size:
10pt;"
>Lühia
jalise
d
kohus
tused
</spa
n>
<span <span style="font-size:10pt;">4 347</span> <span
style="font-size:10pt;">5 436</span>
style
="font
-size:
10pt;"
>Laenu
kohust
used</
span>
<span <span style="font-size:10pt;">10 620</span> <span
style="font-size:10pt;">11 111</span>
style
="font
-size:
10pt;"
>Võlad
ja
ettem
aksed<
/span>
<span <span style="font-size:10pt;">14 967</span> <span
style="font-size:10pt;">16 547</span>
style
="font
-size:
10pt;"
>Lühia
jalise
d
kohus
tused
kokku
</span
>
--------------------------------------------------------------------------------
------------------------
--------------------------------------------------------------------------------
------------------------
<span
style
="font
-size:
10pt;"
>Pikaa
jalise
d
kohus
tused
</spa
n>
<span <span style="font-size:10pt;">24 233</span> <span
style="font-size:10pt;">26 397</span>
style
="font
-size:
10pt;"
>Pikaa
jalise
d
laenu
kohust
used</
span>
<span <span style="font-size:10pt;">0</span> <span
style="font-size:10pt;">176</span>
style
="font
-size:
10pt;"
>Tulet
isinst
rumend
id</sp
an>
<span <span style="font-size:10pt;">24 233</span> <span
style="font-size:10pt;">26 574</span>
style
="font
-size:
10pt;"
>Pikaa
jalise
d
kohus
tused
kokku
</span
>
--------------------------------------------------------------------------------
------------------------
<span <span style="font-size:10pt;">39 200</span> <span
style="font-size:10pt;">43 121</span>
style
="font
-size:
10pt;"
>Kohus
tused
kokku
</span
>
--------------------------------------------------------------------------------
------------------------
--------------------------------------------------------------------------------
------------------------
<span
style
="font
-size:
10pt;"
>OMAKA
PITAL<
/span>
<span <span style="font-size:10pt;">17 878</span> <span
style="font-size:10pt;">17 878</span>
style
="font
-size:
10pt;"
>Aktsi
akapit
al</sp
an>
<span <span style="font-size:10pt;">14 277</span> <span
style="font-size:10pt;">14 277</span>
style
="font
-size:
10pt;"
>Üleku
rss</s
pan>
<span <span style="font-size:10pt;">740</span> <span
style="font-size:10pt;">480</span>
style
="font
-size:
10pt;"
>Reser
vid</s
pan>
<span <span style="font-size:10pt;">8 190</span> <span
style="font-size:10pt;">5 749</span>
style
="font
-size:
10pt;"
>Jaota
mata
kasum
</span
>
<span <span style="font-size:10pt;">14</span> <span
style="font-size:10pt;">4</span>
style
="font
-size:
10pt;"
>Valuu
takurs
i
muutu
ste
reser
v</spa
n>
<span <span style="font-size:10pt;">41 099</span> <span
style="font-size:10pt;">38 388</span>
style
="font
-size:
10pt;"
>OMAKA
PITAL
KOKKU
</span
>
--------------------------------------------------------------------------------
------------------------
<span <span style="font-size:10pt;">80 299</span> <span
style="font-size:10pt;">81 509</span>
style
="font
-size:
10pt;"
>KOHUS
TUSED
JA
OMAKA
PITAL
KOKKU
</span
>
--------------------------------------------------------------------------------
------------------------
Konsolideeritud koondkasumiaruanne (auditeerimata)
<span <span style="font-size:10pt;">IV kv <span
style="font-size:10pt;">IV kv <span style="font-size:10pt;">12 kuud
<span style="font-size:10pt;">12 kuud
style 2012</span>
2011</span> 2012</span>
2011</span>
="font
-size:
10pt;"
>(tuha
ndetes
EUR)<
/span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------------------
<span <span style="font-size:10pt;">16 447</span> <span
style="font-size:10pt;">16 313</span> <span style="font-size:10pt;">59
706</span> <span style="font-size:10pt;">57 391</span>
style
="font
-size:
10pt;"
>Müügi
tulu</
span>
<span <span style="font-size:10pt;">12 533</span> <span
style="font-size:10pt;">12 653</span> <span
style="font-size:10pt;">(46 <span style="font-size:10pt;">44 847</span>
style
519)</span>
="font
-size:
10pt;"
>Müüdu
d
tooda
ngu
kulu<
/span>
<span <span style="font-size:10pt;">3 914</span> <span
style="font-size:10pt;">3 660</span> <span style="font-size:10pt;">13
187</span> <span style="font-size:10pt;">12 544</span>
style
="font
-size:
10pt;"
>Bruto
kasum
</spa
n>
<span <span style="font-size:10pt;">(768)</span> <span
style="font-size:10pt;">(649)</span> <span
style="font-size:10pt;">(2 <span style="font-size:10pt;">(2 098)</span>
style
378)</span>
="font
-size:
10pt;"
>Turun
duskul
ud</sp
an>
<span <span style="font-size:10pt;">(1 <span
style="font-size:10pt;">(1 929)</span> <span
style="font-size:10pt;">(6 <span style="font-size:10pt;">(7 081)</span>
style 805)</span>
643)</span>
="font
-size:
10pt;"
>Üldha
ldusku
lud
</spa
n>
<span <span style="font-size:10pt;">(90)</span> <span
style="font-size:10pt;">(343)</span> <span
style="font-size:10pt;">(220)</span> <span
style="font-size:10pt;">(542)</span>
style
="font
-size:
10pt;"
>Muud
äriku
lud</s
pan>
<span <span style="font-size:10pt;">245</span> <span
style="font-size:10pt;">298</span> <span style="font-size:10pt;">650</span>
<span style="font-size:10pt;">620</span>
style
="font
-size:
10pt;"
>Muud
äritu
lud</s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------------------
<span <span style="font-size:10pt;"> 0</span> <span
style="font-size:10pt;">0</span> <span style="font-size:10pt;">0</span>
<span style="font-size:10pt;">1 540</span>
style
="font
-size:
10pt;"
>Kasum
osalu
se
müügi
st
ühise
ttevõt
tes</s
pan>
<span <span style="font-size:10pt;"> (157)</span> <span
style="font-size:10pt;"> (750)</span> <span
style="font-size:10pt;">(157)</span> <span
style="font-size:10pt;">(750)</span>
style
="font
-size:
10pt;"
>Firma
väärtu
ste
allah
indlus
ja
kauba
märkid
e
müügi
kahjum
</span
>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------------------
<span <span style="font-size:10pt;">1 339</span> <span
style="font-size:10pt;">287</span> <span style="font-size:10pt;">4 439</span>
<span style="font-size:10pt;">4 233</span>
style
="font
-size:
10pt;"
>Ärika
sum</s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
----------------------
<span <span style="font-size:10pt;">0</span> <span
style="font-size:10pt;">12</span> <span style="font-size:10pt;">5</span>
<span style="font-size:10pt;">45</span>
style
="font
-size:
10pt;"
>Intre
ssitul
ud</sp
an>
<span <span style="font-size:10pt;">(206)</span> <span
style="font-size:10pt;">(523)</span> <span
style="font-size:10pt;">(1 <span style="font-size:10pt;">(2 212)</span>
style
549)</span>
="font
-size:
10pt;"
>Intre
ssikul
ud</sp
an>
<span <span style="font-size:10pt;"> (13)</span> <span
style="font-size:10pt;">73</span> <span style="font-size:10pt;"> (15)</span>
<span style="font-size:10pt;">45</span>
style
="font
-size:
10pt;"
>Kasum
(kahj
um)
valuu
takurs
i
muutu
sest</
span>
<span <span style="font-size:10pt;">(14)</span> <span
style="font-size:10pt;">(47)</span> <span
style="font-size:10pt;">(117)</span> <span
style="font-size:10pt;">(154)</span>
style
="font
-size:
10pt;"
>Muud
finan
tskulu
d</spa
n>
<span <span style="font-size:10pt;"> (233)</span> <span
style="font-size:10pt;"> (485)</span> <span style="font-size:10pt;">
(1 <span style="font-size:10pt;"> (2 276)</span>
style
676)</span>
="font
-size:
10pt;"
>Kokku
finan
tstulu
d/kulu
d</spa
n>
<span <span style="font-size:10pt;"> (8)</span> <span
style="font-size:10pt;"> (8)</span> <span style="font-size:10pt;">
(41)</span> <span style="font-size:10pt;"> (52)</span>
style
="font
-size:
10pt;"
>Kasum
/(kahj
um)
sidus
ettevõ
tete
aktsi
atelt
ja
osade
lt</sp
an>
<span <span style="font-size:10pt;">1 098</span> <span
style="font-size:10pt;"> (206)</span> <span style="font-size:10pt;">2
722</span> <span style="font-size:10pt;">1 905</span>
style
="font
-size:
10pt;"
>Kasum
/(kahj
um)
enne
tulum
aksust
amist<
/span>
<span <span style="font-size:10pt;">(14)</span> <span
style="font-size:10pt;">(9)</span> <span style="font-size:10pt;">197</span>
<span style="font-size:10pt;">(222)</span>
style
="font
-size:
10pt;"
>Tulum
aksu(k
ulu)</
span>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------------------
<span <span style="font-size:10pt;">1 112</span> <span
style="font-size:10pt;"> (215)</span> <span style="font-size:10pt;">2
525</span> <span style="font-size:10pt;">1 683</span>
style
="font
-size:
10pt;"
>Aruan
deperi
oodi
kasum
/(kahj
um)</s
pan>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------------------
<span
style
="font
-size:
10pt;"
>Aruan
deperi
oodi
puhas
kasumi
/(-kah
jumi)
jaotu
s:</sp
an>
<span <span style="font-size:10pt;">1 112</span> <span
style="font-size:10pt;"> (215)</span> <span style="font-size:10pt;">2
525</span> <span style="font-size:10pt;">1 683</span>
style
="font
-size:
10pt;"
>Emaet
tevõtt
e
aktsi
onärid
e osa
kasum
ist /
(kahj
umist)
</span
>
<span
style
="font
-size:
10pt;"
>Muu
koond
kasum/
(-kahj
um)</s
pan>
<span <span style="font-size:10pt;">8</span> <span
style="font-size:10pt;"> (63)</span> <span
style="font-size:10pt;">10</span> <span style="font-size:10pt;">
(28)</span>
style
="font
-size:
10pt;"
>Reali
seerim
ata
kursi
vahed<
/span>
<span <span style="font-size:10pt;">0</span> <span
style="font-size:10pt;">63</span> <span style="font-size:10pt;">176</span>
<span style="font-size:10pt;">434</span>
style
="font
-size:
10pt;"
>Kasum
riski
maanda
misins
trumen
di
väärt
use
muutu
sest</
span>
<span <span style="font-size:10pt;">8</span> <span
style="font-size:10pt;">0</span> <span style="font-size:10pt;">186</span>
<span style="font-size:10pt;">406</span>
style
="font
-size:
10pt;"
>Muu
koond
kasum/
(-kahj
um)
kokku
</span
>
<span <span style="font-size:10pt;">1 120</span> <span
style="font-size:10pt;"> (215)</span> <span style="font-size:10pt;">2
711</span> <span style="font-size:10pt;">2 089</span>
style
="font
-size:
10pt;"
>Aruan
deperi
oodi
koond
kasum/
(-kah
jum)</
span>
<span <span style="font-size:10pt;">1 120</span> <span
style="font-size:10pt;"> (215)</span> <span style="font-size:10pt;">2
711</span> <span style="font-size:10pt;">2 089</span>
style
="font
-size:
10pt;"
>Emaet
tevõtt
e
aktsi
onärid
e osa
kasum
ist /
(kahj
umist)
</span
>
<span <span style="font-size:10pt;">0,04</span> <span
style="font-size:10pt;"> (0,01)</span> <span
style="font-size:10pt;">0,08</span> <span
style="font-size:10pt;">0,06</span>
style
="font
-size:
10pt;"
>Tava-
ja
lahus
tunud
kasum
aktsi
a
kohta
</span
>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-----------------------------
Konsolideeritud rahavoogude aruanne (auditeerimata)
<span <span style="font-size:10pt;">12 kuud <span
style="font-size:10pt;">12 kuud
style 2012</span>
2011</span>
="font
-size:
10pt;"
>(tuha
ndetes
EUR)<
/span>
--------------------------------------------------------------------------------
------------------
<span
style
="font
-size:
10pt;"
>Rahav
ood
ärite
gevuse
s</spa
n>
--------------------------------------------------------------------------------
------------------
<span <span style="font-size:10pt;">4 439</span> <span
style="font-size:10pt;">4 233</span>
style
="font
-size:
10pt;"
>Aruan
deperi
oodi
ärika
sum
(-kah
jum)</
span>
--------------------------------------------------------------------------------
------------------
--------------------------------------------------------------------------------
------------------
<span
style
="font
-size:
10pt;"
>Korri
geerim
ised:<
/span>
<span <span style="font-size:10pt;">3 285</span> <span
style="font-size:10pt;">3 524</span>
style
="font
-size:
10pt;"
>Põhiv
ara
kulum
ja
väärt
use
langu
s</spa
n>
<span <span style="font-size:10pt;">157</span> <span
style="font-size:10pt;">(790)</span>
style
="font
-size:
10pt;"
>Kasum
osalu
se
müügi
st,
kahju
m
kauba
märkid
e
müügi
st ja
firma
väärtu
ste
allah
indlus
ed</sp
an>
<span <span style="font-size:10pt;">63</span> <span
style="font-size:10pt;">249</span>
style
="font
-size:
10pt;"
>Kasum
(-)
kahju
m (+)
põhiv
ara
müügi
st ja
mahak
andmis
est</s
pan>
<span
style
="font
-size:
10pt;"
>Ärite
gevuse
rahav
ood:</
span>
<span <span style="font-size:10pt;">(715)</span> <span
style="font-size:10pt;">(121)</span>
style
="font
-size:
10pt;"
>Ärite
gevuse
ga
seotu
d
nõuet
e ja
ettem
aksete
muutu
s
</spa
n>
<span <span style="font-size:10pt;">(146)</span> <span
style="font-size:10pt;">249</span>
style
="font
-size:
10pt;"
>Varud
e
muutu
s</spa
n>
<span <span style="font-size:10pt;">(433)</span> <span
style="font-size:10pt;">(690)</span>
style
="font
-size:
10pt;"
>Ärite
gevuse
ga
seotu
d
kohus
tuste
ja
ettem
aksete
muutu
s
</spa
n>
<span <span style="font-size:10pt;">6 650</span> <span
style="font-size:10pt;">6 654</span>
style
="font
-size:
10pt;"
>Rahav
oog
põhit
egevus
est</s
pan>
<span <span style="font-size:10pt;">(188)</span> <span
style="font-size:10pt;">(98)</span>
style
="font
-size:
10pt;"
>Makst
ud
ettev
õtte
tulum
aks</s
pan>
<span <span style="font-size:10pt;">(1 591)</span> <span
style="font-size:10pt;">(2 318)</span>
style
="font
-size:
10pt;"
>Makst
ud
intre
ssid</
span>
--------------------------------------------------------------------------------
-----------
<span <span style="font-size:10pt;">4 871</span> <span
style="font-size:10pt;">4 238</span>
style
="font
-size:
10pt;"
>Rahav
ood
ärite
gevuse
s
kokku
</span
>
--------------------------------------------------------------------------------
------------------
--------------------------------------------------------------------------------
------------------
<span
style
="font
-size:
10pt;"
>Rahav
ood
inves
teerim
istege
vuses<
/span>
<span <span style="font-size:10pt;">(434)</span> <span
style="font-size:10pt;">(26)</span>
style
="font
-size:
10pt;"
>Soetu
sed
äriüh
endust
e
kaudu
</span
>
<span <span style="font-size:10pt;">(15)</span> <span
style="font-size:10pt;">0</span>
style
="font
-size:
10pt;"
>Muude
finan
tsinve
steeri
ngute
ost</
span>
<span <span style="font-size:10pt;">0</span> <span
style="font-size:10pt;">1 500</span>
style
="font
-size:
10pt;"
>Tagat
ishoiu
se
vabas
tamine
</span
>
<span <span style="font-size:10pt;">5</span> <span
style="font-size:10pt;">51</span>
style
="font
-size:
10pt;"
>Saadu
d
intre
ssid</
span>
<span <span style="font-size:10pt;">(785)</span> <span
style="font-size:10pt;">(914)</span>
style
="font
-size:
10pt;"
>Põhiv
ara
soeta
mine</
span>
<span <span style="font-size:10pt;">42</span> <span
style="font-size:10pt;">92</span>
style
="font
-size:
10pt;"
>Põhiv
ara
müük<
/span>
<span <span style="font-size:10pt;">(10)</span> <span
style="font-size:10pt;">(30)</span>
style
="font
-size:
10pt;"
>Antud
laenu
d</spa
n>
<span <span style="font-size:10pt;">182</span> <span
style="font-size:10pt;">126</span>
style
="font
-size:
10pt;"
>Antud
laenu
de
tagas
imakse
d</spa
n>
--------------------------------------------------------------------------------
-----------
<span <span style="font-size:10pt;">(1 015)</span> <span
style="font-size:10pt;">799</span>
style
="font
-size:
10pt;"
>Rahav
ood
inves
teerim
istege
vuses
kokku
</spa
n>
--------------------------------------------------------------------------------
------------------
--------------------------------------------------------------------------------
------------------
<span
style
="font
-size:
10pt;"
>Rahav
ood
finan
tseeri
misteg
evuses
</span
>
<span <span style="font-size:10pt;">(390)</span> <span
style="font-size:10pt;">(1 245)</span>
style
="font
-size:
10pt;"
>Tasut
ud
kapit
aliren
di
makse
d</spa
n>
<span <span style="font-size:10pt;">731</span> <span
style="font-size:10pt;">(712)</span>
style
="font
-size:
10pt;"
>Arvel
duskre
diidi
kasut
use
muutu
s</spa
n>
<span <span style="font-size:10pt;">(270)</span> <span
style="font-size:10pt;">90</span>
style
="font
-size:
10pt;"
>Fakto
oringu
kasut
use
muutu
s
</spa
n>
<span <span style="font-size:10pt;">(3 474)</span> <span
style="font-size:10pt;">(3 208)</span>
style
="font
-size:
10pt;"
>Saadu
d
laenu
de
tagas
imakse
d</spa
n>
--------------------------------------------------------------------------------
-----------
<span <span style="font-size:10pt;">(3 403)</span> <span
style="font-size:10pt;">(5 075)</span>
style
="font
-size:
10pt;"
>Rahav
ood
finan
tseeri
misteg
evuses
kokku
</spa
n>
--------------------------------------------------------------------------------
------------------
<span <span style="font-size:10pt;">453</span> <span
style="font-size:10pt;">(38)</span>
style
="font
-size:
10pt;"
>RAHA
JA
RAHA
EKVIV
ALENTI
DE
MUUTU
S</spa
n>
--------------------------------------------------------------------------------
------------------
--------------------------------------------------------------------------------
-----------
<span <span style="font-size:10pt;">2 729</span> <span
style="font-size:10pt;">2 767</span>
style
="font
-size:
10pt;"
>Raha
ja
raha
ekviv
alendi
d
perio
odi
algus
es</sp
an>
<span <span style="font-size:10pt;">3 182</span> <span
style="font-size:10pt;">2 729</span>
style
="font
-size:
10pt;"
>Raha
ja
raha
ekviv
alendi
d
perio
odi
lõpus
</span
>
--------------------------------------------------------------------------------
------------------
Lisainformatsioon:
Gunnar Kobin
Juhatuse esimees
GSM: +372 5188111
e-mail: [email protected]
Content of announcement in English
Title
AS Ekspress Grupp: Consolidated Interim Report for the Fourth Quarter and Twelve Months of 2012
Message
Tallinn, Estonia, 2013-02-28 16:39 CET (GLOBE NEWSWIRE) --
The following report presents the consolidated financial information of AS
Ekspress Grupp, the related market developments and management decisions. The
financial indicators and ratios show the outcome of the Group’s continuing
operations, i.e. they express the consolidated operating results of online
media, periodicals and printing services segments and corporate functions.
Key financial indicators and financial ratios
Financial indicators Q4 Q4 Change Q4 Q4 2009
(EUR thousand) 2012 2011 % 2010
--------------------------------------------------------------------------------
For the reporting period
Sales 16 447 16 313 1% 14 885 13 514
Gross profit 3 914 3 660 7% 3 466 2 598
EBITDA* 2 246 1 986 13% 1 854 896
Operating profit* 1 496 1 037 44% 1 016 37
Profit /(loss) from continuing 1 269 535 137% 210 (780)
operations for the
period *
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
EBITDA margin* (%) 13,7% 12,2% 12,5% 6,6%
Operating margin* (%) 9,1% 6,4% 6,8% 0,3%
Net margin* (%) 7,7% 3,3% 1,4% -5,8%
--------------------------------------------------------------------------------
Impairment of goodwill (157) (750) -79% 0 (5 844)
--------------------------------------------------------------------------------
Net profit / (loss) from continuing 1 112 (215) 617% 210 (6 624)
operations for the period
--------------------------------------------------------------------------------
Net profit for the period in the 1 112 (215) 617% 210 (6 986)
financial statements
--------------------------------------------------------------------------------
Net margin (%) 6.8% -1.3% 1.4% -51.7%
--------------------------------------------------------------------------------
*The results exclude impairment of goodwill and trademarks.
Financial indicators 12 12 Change 12 12
(EUR thousand) months months % months months
2012 2011 2010 2009
--------------------------------------------------------------------------------
For the period
Sales 59 706 57 391 4% 51 814 51 974
Gross margin 13 187 12 544 5% 11 294 9 292
EBITDA* 7 882 6 968 13% 6 041 3 014
Operating profit* 4 596 3 443 33% 2 760 (445)
Profit /(loss) from continuing 2 682 893 200% (509) (3 613)
operations for the
period *
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
EBITDA margin* (%) 13,2% 12,1% 11,7% 5,8%
Operating margin* (%) 7,7% 6,0% 5,3% -0,9%
Net margin* (%) 4,5% 1,6% -1,0% -7,0%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Extraordinary gain related to 0 1 540 -100% 0 0
acquisition of Eesti Päevalehe AS**
Impairment of goodwill and (157) (750) -79% 0 (5 844)
trademarks
--------------------------------------------------------------------------------
Net profit / (loss) from continuing 2 525 1 683 50% (509) (9 457)
operations for the period in the
financial statements
--------------------------------------------------------------------------------
Net profit / (loss) for the period 2 525 1 683 50% (146) (12
in the financial statements 144)
--------------------------------------------------------------------------------
Net margin (%) 4,2% 2,9% -0,3% -23,4%
--------------------------------------------------------------------------------
Earnings per share (EPS) 0.08 0.06 (0.01) (0.58)
--------------------------------------------------------------------------------
*The results exclude impairment of goodwill and trademarks, and the net
extraordinary gain in relation to the acquisition of an additional ownership
interest in Eesti Päevalehe AS (see below).
**In the 1st quarter of 2011, an additional 50% ownership interest in Eesti
Päevalehe AS was acquired. The transaction was accounted for in two parts:
firstly, as the sale of the current 50% ownership interest on which the net
extraordinary gain totalled EUR 1 540 thousand and secondly, as the acquisition
of the wholly-owned subsidiary (see Note 4 to the financial statements).
Balance sheet 31.12.2012 31.12.2011 Change %
(EUR thousand)
-------------------------------------------------------------
As of the end of the period
Current assets 13 545 12 523 8%
Non-current assets 66 754 68 986 -3%
Total assets 80 299 81 509 -1%
-------------------------------------------------------------
-------------------------------------------------------------
Current liabilities 14 967 16 547 -10%
Non-current liabilities 24 233 26 574 -9%
Total liabilities 39 200 43 121 -9%
-------------------------------------------------------------
Equity 41 099 38 388 7%
-------------------------------------------------------------
Financial ratios (%) 31.12.2012 31.12.2011
---------------------------------------------------
Equity ratio (%) 51% 47%
Debt to equity ratio (%) 70% 83%
Debt to capital ratio (%) 38% 43%
Total debt/EBITDA ratio 3.6 4.6
Debt service coverage ratio 1.52 1.06
Liquidity ratio 0.90 0.76
ROA (%) 3.2% 2.0%
ROE (%) 6.4% 4.4%
---------------------------------------------------
Formulas used to calculate the financial ratios
--------------------------------------------------------------------------------
-
EBITDA margin* (%) EBITDA*/sales x 100
--------------------------------------------------------------------------------
Operating margin* Operating profit*/sales x 100
(%)
--------------------------------------------------------------------------------
Net margin* (%) Net profit*/sales x 100
--------------------------------------------------------------------------------
Net margin (%) Net profit/sales x 100
--------------------------------------------------------------------------------
Earnings per share Net profit/average number of shares
--------------------------------------------------------------------------------
Equity ratio (%) Equity /(liabilities + equity) x 100
--------------------------------------------------------------------------------
Debt to equity Interest bearing liabilities /equity x 100
ratio (%)
--------------------------------------------------------------------------------
Debt to capital Interest bearing liabilities –cash and cash equivalents (net
ratio (%) debt)/(net debt+ equity) x 100
--------------------------------------------------------------------------------
Total debt/EBITDA Interest bearing borrowings/EBITDA
--------------------------------------------------------------------------------
Debt service EBITDA/loan and interest payments for the period
coverage ratio
--------------------------------------------------------------------------------
Formulas used to calculate the financial ratios
--------------------------------------------------------------------------------
-
Liquidity ratio Current assets/current liabilities
--------------------------------------------------------------------------------
ROA (%) Net profit/average assets x 100
--------------------------------------------------------------------------------
ROE (%) Net profit/average equity x 100
--------------------------------------------------------------------------------
Despite the setbacks that hit the advertising market in the 2nd half of the
year, it was a solid year of growth for the Group. Improved financial results
mainly derived from restructuring activities carried out in prior years which
had a major economic effect. In addition to successful business operations, net
profit growth was also greatly impacted by the agreement to refinance the
Group’s loans concluded in mid-year which considerably reduced the Group’s
interest expenses.
In the last quarter of the year, the Group’s sales increased by 1% as compared
to the same period last year and totalled EUR 16.4 million. Achieving of higher
efficiency was more important than sales growth, due which EBITDA increased by
13% as compared to the 4th quarter last year and the net profit excluding
impairment losses increased by 137% and totalled EUR 1.27 million. In 2012, the
Group’s sales increased by 4% and totalled EUR 59.7 million. The consolidated
net profit from continuing operations (excluding extraordinary gains and
impairment losses) tripled, totalling EUR 2.7 million, the net margin increased
to 4.5%. EBITDA increased by 14% in a year, totalling EUR 7.9 million.
Simultaneously with the refinancing of loans, the Group continued to reduce its
outstanding borrowings as a result of which the debt to EBITDA ratio fell to
3.6 by the year-end and it still continues to fall rapidly. As compared to the
budget, the Group’s actual sales were almost 1% better. EBITDA failed to meet
the target by being 1.5% lower, however the net profit target met expectations.
In a year, the share of the online media segment in non-group sales (Note 8)
has increased from 15% to 17%, and the share of EBITDA from 18% to 20%. The
share of the periodicals segment in sales has decreased from 42% to 40%, but
the share in EBITDA has increased from 7% to 10%. The share of printed services
in sales has remained unchanged and is 43%, the share of EBITDA has decreased
from 75% to 70%. These changes are attributable to continued strong online
sales and also to improved profitability of the periodicals segment. This is
also evident in the improvement of the EBITDA margin of the periodicals segment
from 2% to 3%. The margin in the printing services segment stayed at the same
level as last year and increased from 16% to 17% in the online media segment.
The share of the online media segment in the Group’s sales and profit has
increased steadily since 2009 and exceeded its share of the profit in 2008.
With regard to EBITDA, we expect the share of printing services to continue to
decline steadily and that of the periodicals and online media segments to
increase next year.
An impairment loss on trademarks related to the sale of Lithuanian children’s
magazines in the amount of EUR 157 thousand had a one-off effect on the
financial results of the Group in the fourth quarter.
In 2012, several important changes and developments occurred in the Group.
In the online media segment, we redesigned all Delfi’s front pages in the
Baltic States. The redesigning process will continue on the front pages of the
portals and is planned to be completed in the 1st quarter of 2013. As a result
of redesigning, the Delfi environment will receive a consistently new and
modern look, which will significantly improve the ease of use of its visitors.
Along with the redesign of the front pages, all Delfi portals also introduced
an alternative front page in the market with the goal of providing a different
kind of ease of use primarily to younger and more proficient media consumers.
In Latvia and Lithuania, the alternative front page is called Delfi Easy while
in Estonia it bears the name Delfi 2. With the help of Delfi portal, we
launched a business line of new online verticals, under which we introduced a
new Cosmopolitan portal in the market and revamped current portals moteris.lt,
5braskes.lt and klubas.lt. In the 4th quarter, we acquired a classified ads
portal and magazine Alio in Lithuania, which we combined with Delfi. With this
step, we made a huge leap forward in the Lithuanian online ads business. In all
Baltic countries, we introduced Delfi’s Facebook version MyDelfi with the goal
of providing an opportunity to Facebook users to read personalised Delfi news
flows in Facebook. The development of the project will continue in 2013. During
the year, we continued to develop the mobile versions of all Delfi sites with
the goal to strengthen our position among the mobile web leaders in all Baltic
States. Although the share of mobile ad sales in our total sales is still
modest, mobile ad sales have increased rapidly in all counties during the last
year. In Delfi Estonia, we launched live basketball TV broadcasts, taking a
huge step forward in online television. We believe that online television is a
significant trend and we will continue to make our best effort in this
direction. In the last quarter of the year, Delfi Estonia received a new Chief
Executive Officer Mari-Liis Rüütsalu and its previous Chief Executive Officer
started to manage our content production unit within AS Eesti Ajalehed. In
Ukraine, we have managed to double Delfi’s user base and if this trend
continues, Delfi Ukraine will become a Delfi portal with the highest number of
users by the end of the 1st quarter of 2013. Although Delfi Ukraine is still
unprofitable, we have agreed with the management to adopt a new business model
in 2013 which will limit our annual expenses to EUR 150 thousand. Once the
Ukrainian advertising market develops further, it is realistic that we will
become profitable with our product in 2014.
In the periodicals segment, we launched a new week-end newspaper LP in the 4th
quarter. This is a former week-end edition of Eesti Päevaleht, which we
completely reorganised, hiring a separate editor-in-chief for the edition, and
changing the format and design of the newspaper. LP has been received very well
among the readers, its advertising sales have also exceeded our conservative
estimates.
In the 2nd half of the year, we optimised the product portfolio of magazine
publishers. In Estonia, we combined weekly magazines Nädal and Kroonika, and
discontinued some unprofitable smaller-scale products. In Lithuania, we
disposed of children’s magazines and terminated the agreement with the
company’s Chief Executive Officer, appointing the current Marketing Manager as
the head of the company. As a result of these changes, the financial results of
both publishers should significantly improve, which will be assisted by the
reduction of VAT on magazines introduced in Lithuania at the beginning of the
year 2013.
We have also made significant progress in our business line of digital
newspapers. We have decided to disclose the results of digital subscriptions in
this report for the first time since we are convinced of the success of this
business line. At the year-end, both of the two main newspapers Eesti Ekspress
and Eesti Päevaleht which are published on the digital platform had
approximately 10 thousand clients with personal accounts and reading access,
divided into subscribers of printed and digital newspapers (ca. 7 thousand) and
clients who subscribe only to the fee-based digital newspaper (ca. 3 thousand).
On a monthly basis with the help by various marketing activities approximately
12 thousand unique users use both digital newspapers.
Considering the number of paying subscribers of digital newspapers, we managed
to increase the total number of subscribers of Eesti Ekspress by 5% last year
and compensate for the decline in the number of subscribers of Eesti Päevaleht.
Today, the portfolio of our digital newspapers consists of four products: Eesti
Päevaleht, weekly newspapers Eesti Ekspress and LP, and monthly newspaper
Ärileht. We plan to continue with the development of the business line, by
offering to as many potential readers as possible an opportunity to introduce
the product and subscribe it at favourable conditions. We will also continue to
develop a marketing model unique in the world, which will enable us to use our
dominant position in online media to guide readers to digital products. During
2012, we made direct investments in the development of digital products in the
amount of ca. EUR 140 thousand and invested approximately half a million euros
through operating costs. We expect this business line to continue to be capital
and cost intensive in 2013, but the continued growth of paying subscribers and
advertising sales will reduce the pressure that the business line costs exerts
on the company. In the periodical segment, another success story of 2012 was
the joint project of Eesti Päevaleht and the book publisher Hea Lugu in
publishing a DVD series of Estonian films. This project made a significant
contribution to the financial results of the periodicals segment as well as the
single copy sales of Eesti Päevaleht.
In the printing services segment, the year 2012 was primarily a year of
utilisation of production capacity reserves. No new investments were made in
the expansion of the equipment park. No significant changes occurred in export
markets. In the 3rd quarter of the year, Printall received ISO 9001 management
certificate and ISO 14001 environmental certificate.
Another important event of 2012 was also the establishment of the Group’s
information technology company OÜ Ekspress Digital. With the establishment of
the company we consolidated the Group’s total IT capacity into one entity,
thereby creating an important technology competence centre with the goal of
serving the technology needs of the Group as well as third parties. The company
conducts business with group companies under market conditions and has the
right to sell acquired know-how to third parties that are not related to the
Group. The company currently employs 23 people.
In 2013, we expect the share of the online media segment to continue to grow
both in sales as well as in profit. In the upcoming year, we will increase the
content production offered by Delfi, but will also create new online products
in addition to Delfi. The challenging economic environment will continue to put
pressure on the periodicals segment, but our hopes are pinned to the growth of
subscribers of Eesti Päevaleht and weekly newspapers through provision of
digital products. Through applications produced separately for tablet
computers, we plan to provide access to subscribers to the content of our
online environments which had been inaccessible until now, for which purpose we
will make necessary technological rearrangements. In the printing services
segment, we will continue to optimise production capacity and will continue to
discuss opportunities to increase production capacity.
All our improvements and innovations should primarily support the vision of the
Group to be the most professional and innovative partner for our demanding
readers and clients, and continue to offer new and interesting journalism
experiences both in printed and digital media.
OVERVIEW OF THE SEGMENTS
In 2012 and 2011, the Group operated in the following segments:
- online media
- periodicals (newspapers, magazines and books)
- printing services
Key financial data of the segments in Q4 2012/2011
--------------------------
(EUR thousand) Sales
--------------------------
Q4 Q4 Change%
2012 2011
----------------------------------------------------
online media 2 989 2 586 16%
periodicals 6 626 6 544 1%
printing services 8 046 8 143 -1%
corporate functions 308 71 334%
intersegment eliminations (1 522) (1 031) -48%
----------------------------------------------------
GROUP TOTAL 16 447 16 313 1%
----------------------------------------------------
------------------------
(EUR thousand) EBITDA
--------------------------
Q4 2012 Q4 Change%
2011
--------------------------------------------------
online media 586 696 -16%
periodicals 253 62 308%
printing services 1 650 1 495 10%
corporate functions (242) (268) 10%
intersegment eliminations (1) 1 -200%
--------------------------------------------------
GROUP TOTAL 2 246 1 986 13%
--------------------------------------------------
Key financial data of the segments 12 months 2012/2011
-----------------------------------
(EUR thousand) Sales
--------------------------
12 months 12 months 2011 Change%
2012
-------------------------------------------------------------
online media 10 370 8 977 16%
periodicals 24 741 24 069 3%
printing services 29 167 27 736 5%
corporate functions 996 209 377%
intersegment eliminations (5 568) (3 600) -55%
-------------------------------------------------------------
GROUP TOTAL 59 706 57 391 4%
-------------------------------------------------------------
-----------------------------------
(EUR thousand) EBITDA
--------------------------
12 months 2012 12 months Change%
2011
-------------------------------------------------------------
online media 1 776 1 425 25%
periodicals 848 552 54%
printing services 6 052 5 959 2%
corporate functions (795) (980) 19%
intersegment eliminations 1 12 -92%
-------------------------------------------------------------
GROUP TOTAL 7 882 6 968 13%
-------------------------------------------------------------
-----------------
EBITDA margin Q4 2012 Q4 2011
------------------
online media 20% 27%
periodicals 4% 1%
printing services 21% 18%
-----------------------------------
GROUP TOTAL 14% 12%
-----------------------------------
-------------------------------
EBITDA margin 12 months 2012 12 months 2011
------------------
online media 17% 16%
periodicals 3% 2%
printing services 21% 21%
-------------------------------------------------
GROUP TOTAL 13% 12%
-------------------------------------------------
The segments’ EBITDA does not include intragroup management fees, and
impairment of goodwill and trademarks. Volume-based and other fees payable to
advertising agencies have not been deducted from the advertising sales of
segments, because the management monitors gross advertising sales. Discounts
and rebates are reduced from the Group’s sales and are included in the combined
line of eliminations.
News portals owned by the Group
Owner Portal Owner Portal
-----------------------------------------------------------------
Delfi Estonia www.delfi.ee AS Eesti Ajalehed www.ekspress.ee
-----------------------------------------------------------------
rus.delfi.ee www.maaleht.ee
-----------------------------------------------------------------
Delfi Latvia www.delfi.lv www.epl.ee
-----------------------------------------------------------------
rus.delfi.lv AS SL Õhtuleht www.ohtuleht.ee
-----------------------------------------------------------------
Delfi Lithuania www.delfi.lt
-----------------------------------------------------------------
ru.delfi.lt
-----------------------------------------------------------------
Delfi Ukraine www.delfi.ua
-----------------------------------------------------------------
Classified portals owned by the Group
Owner Portal Owner Portal
--------------------------------------------------------------------
Delfi Lithuania www.alio.lt Eesti Ajalehed AS www.ekspressjob.ee
--------------------------------------------------------------------
www.ekspressauto.ee
--------------------------------------------------------------------
www.hyppelaud.ee
--------------------------------------------------------------------
Online media segment
The online media segment includes Delfi operations in Estonia, Latvia,
Lithuania and Ukraine as well as the Parent Company Delfi Holding.
----------------------
(EUR thousand) Sales
--------------------------
Q4 Q4 Change%
2012 2011
------------------------------------------------
Delfi Estonia 951 913 4%
Delfi Latvia 653 591 10%
Delfi Lithuania 1 369 1 054 30%
Delfi Ukraine 16 17 -6%
other Delfi companies 0 11 -100%
intersegment eliminations 0 0 -
------------------------------------------------
TOTAL 2 989 2 586 16%
------------------------------------------------
--------------------
(EUR thousand) EBITDA
--------------------------
Q4 Q4 Change%
2012 2011
----------------------------------------------
Delfi Estonia 118 117 1%
Delfi Latvia 89 135 -34%
Delfi Lithuania 332 285 16%
Delfi Ukraine (59) (62) 5%
other Delfi companies 108 221 -51%
intersegment eliminations (2) 0 -
----------------------------------------------
TOTAL 586 696 -16%
----------------------------------------------
------------------------------
(EUR thousand) Sales
--------------------------
12 months 12 months Change%
2012 2011
--------------------------------------------------------
Delfi Estonia 3 469 3 177 9%
Delfi Latvia 2 292 2 014 14%
Delfi Lithuania 4 531 3 703 22%
Delfi Ukraine 73 56 30%
other Delfi companies 6 26 -77%
intersegment eliminations (1) 1 -200%
--------------------------------------------------------
TOTAL 10 370 8 977 16%
--------------------------------------------------------
------------------------------
(EUR thousand) EBITDA
--------------------------
12 months 12 months Change%
2012 2011
--------------------------------------------------------
Delfi Estonia 279 154 81%
Delfi Latvia 183 230 -20%
Delfi Lithuania 1 182 653 81%
Delfi Ukraine (260) (259) 0%
other Delfi companies 399 647 -38%
intersegment eliminations (7) 0 -
--------------------------------------------------------
TOTAL 1 776 1 425 25%
--------------------------------------------------------
Throughout the year, the main driver behind the sales and EBITDA growth of the
online segment has been primarily Delfi Lithuania, contributing more than the
others to the sales in the 4th quarter. Sales have also grown in other
countries, but the EBITDA growth in number terms has been more modest. The
lower result of Delfi Latvia in 2012 and in the 4th quarter was related to the
hiring of additional editors in the 2nd half of the year to improve the
coverage of news and to increase content production in 2013. In Latvia,
subsidies and grants received were also lower.
The key highlights of the year worth mentioning separately include:
· A new version of mobile applications to read Delfi portals was
introduced in all countries
· Alternative Delfi front pages with a greater focus on pictures were
introduced
· A new location-based weather forecast section was introduced which is
also available in the mobile version.
Delfi Estonia
· Delfi Estonia was the first portal in Estonia whose number of unique
users exceeded 1 million, which represents ca. 80% of all Estonian internet
users. This result reinforced Delfi’s position as the most popular website in
Estonia while also widening the gap with its closest competitors.
· The number of people who use Delfi via their mobile phones has
increased at a fast pace. Successful coverage of the Olympic Games increased
the number of people reading Delfi via their mobile phones up to 100 thousand
people per week.
· For the first time, Delfi Estonia transmitted a live programme of a
public event, using 4G mobile communication solutions for this purpose. It is
now possible to regularly view basketball broadcasts in Delfi.
· New categories and subsites in Estonian language version of Delfi, such
as the subsection of Saturday newspaper LP of Eesti Päevaleht, EU-related
debate section, live sports blog and VIASAT highlights in Delfi Sport, Eesti
otsib superstaari (Estonia is Searching for a Superstar), Tähed jääl (Stars on
Ice), Spordimeditsiin (Sports Medicine), Kuldne mask (Golden Mask), Puhka
Eestis (Visit Estonia), Olümpia 2012 (Olympic Games 2012), Purjetamine
(Sailing), Kirev maailm, (Colourful World), Suvetüdruk (Summer Girl), Kuldrula
(Golden Skateboard), Viru Folk, new TOP Gear news block, etc.
· A separate soccer category in Delfi Estonian and Russian versions as
well as mobile applications.
· New categories and new look in Delfi Russian language sections and
functionality to share the news in social network.
· A Russian language e-store and filmilaenutus.ee were launched.
· A new Facebook wall in Noorte Hääl (Voice of Young People) and
Reisileidja (Travel Finder) is now also available on Facebook.
· Delfi archive received a fresher and more user-friendly facelift.
· In cooperation with SEB Heategevusfond (SEB Charity Fund), Delfi
Estonia implemented again a cooperation project “Jõulusoovide puu” (Christmas
Wish Tree), providing gifts to almost 1200 children in shelter and foster
homes.
At the end of 2012, Delfi.ee continues to be the largest online media portal in
Estonia. Although the gap with its closest competitors in terms of the number
of users decreased primarily in summer months, it increased steadily at the
year-end and in December 2012, the gap with the closest competitor in terms of
the average number of users per week was ca. 80 thousand. During 2012, the
average number of users per month in the Estonian online market increased by
84 thousand users. This primarily means that users use more often various
appliances to consume Delfi. This trend is also expected to continue in 2013
because the sales figures of smart phones and tablet computers demonstrate
solid growth.
Throughout 2012, the online environment of Eesti Päevaleht www.epl.ee has also
experienced steady growth, becoming a portal of solely quality news. The
week-end newspaper of Eesti Päevaleht LP which was launched in the last
quarter offers a distinct alternative to those consumers who prefer information
to entertainment.
Delfi Latvia
· Delfi Latvia’s Russian language portal achieved the best result in
readership numbers, including in daily, weekly and monthly terms.
· New categories and subsections such as the entertainment section, ice
hockey, European Football Championships and London Olympics, and content and
functional development of several subsections (Auto, Woman, Technology).
· Reorganisation of the editorial staff to ensure better news coverage on
weekends.
· Fast and widespread coverage of summer events in Delfi attracted many
new readers. The coverage of Positivus Festival in Delfi was especially
popular.
· According to the survey carried out by the advertising agency DDB,
Delfi was the most popular and powerful online brand in Latvia in December
2012.
· Cooperation partners in miscellaneous fields:
o Media partner for the Latvian music awards „The Great Music Award“ and
classical music festival “Riga Festival”,
o Media partner in the international advertising festival Golden Hammer and
Riga Fashion Week,
o National journalism cooperation project “Road Reporter” with TV3+
continued.
At the end of 2012, Delfi.lv continued to be the most popular online media
portal in Latvia. In terms of the overall internet use, both the e-mail
environment Inbox.lv as well as the social network Draugiem.lv still continue
to surpass Delfi with their higher number of users. However, with regard to
portals, Delfi surpasses its closest competitors by more than 100 users per
month. The gap with its closest competitor tvnet.lv has remained stable during
the year and totalled 106 thousand users in December 2012. Throughout 2012,
apollo.lv owned by Sanoma News has increased steadily, which will definitely
threaten the position of tvnet.lv in 2013. The total Latvian market of internet
users has decreased rather than increased during 2012 unlike the Estonian,
Lithuanian and Ukrainian markets where the number of users has increased. In
2013, we expect the overall number of users to increase because the growth in
the number of mobile appliances should also have a positive impact in Latvia.
Delfi Lithuania
· In cooperation with the Group’s magazine publisher Ekspress Leidyba,
various vertical portals targeted primarily at women, such as
www.cosmopolitan.lt, www.moteris.lt, and www.panele.lt, were launched, thus
forming internet sites with a strong lifestyle and entertainment focus.
· In November, Alio which is the oldest and most popular classified ads
portal in Lithuania, was acquired, which marked an important milestone in this
market segment. In addition to the internet portal, a printed newspaper was
also obtained.
· Delfi’s Polish language portal was launched.
· New categories and subsections such as London Olympics, “Mano litai“
(My Litas) targeted at consumers and upgrades in Delfi games and Rahva Hääl
(Voice of People) sections.
· Delfi was the exclusive Eurovision partner in Lithuania and official
communications partner at the Lithuanian Internet conference LOGIN.
· Active collaboration with the Lithuanian national television.
· The existing IT team was restructured.
At the year-end of 2012, Delfi.lt continued to be the largest internet media
portal in Lithuania. Despite the fact that its largest competitor 15min.lt has
acquired and merged three different portals during the year, the gap increased
in the 2nd half of the year and is still 166 thousand users in December 2012.
Delfi Ukraine
· The company continues with the strategy launched last year to offer
easier and more tabloid-like news.
· Marketing activities in social media and cooperation projects with
radio and TV channels to improve Delfi’s visibility in the market.
· From September 2012 has increased content production of news targeted
at women due to the profile of the users of Delfi.ua.
The Ukrainian internet market operates in a significantly different manner than
that of the Baltic States. The year 2012 as a whole was extremely successful
for Delfi.ua – the number of users of Delfi’s news production has practically
doubled. This achievement is even more extraordinary if to compare it with
other portals where the number of users has decreased rather than increased
during the year. Unfortunately such growth in the number of users has not
translated into similar growth in advertising sales. This also represents a
unique sentiment characteristic of the Ukrainian market where it is the
advertising intermediaries and not the media portals that retain the bigger
share in advertising budgets.
Periodicals segment
The periodicals segment includes the publishers of newspapers, magazines and
books. This segment also includes AS Express Post, engaged in home delivery of
periodicals.
As of 1 October 2011, Eesti Päevalehe AS and AS Eesti Ajalehed were merged. At
the same date, the book publishing department of the merged company was spun
off as a separate legal entity. The new book publisher under the name of OÜ Hea
Lugu operated as the subsidiary of AS Eesti Ajalehed until January 2013 when it
became directly owned by the parent company. The merger of the joint ventures
AS SL Õhtuleht and AS Linnaleht occurred on 1 November 2011 and that of OÜ
Uniservice and AS Ajakirjade Kirjastus occurred on 1 January 2012.
--------------------------
(EUR thousand) Sales
--------------------------
Q4 2012 Q4 2011 Change%
----------------------------------------------------
AS Eesti Ajalehed** 3 529 3 330 6%
AS SL Õhtuleht* 950 915 4%
AS Ajakirjade Kirjastus* 1 186 1 206 -2%
UAB Ekspress Leidyba 641 742 -14%
AS Express Post* 601 628 -4%
intersegment eliminations (281) (277) -1%
TOTAL 6 626 6 544 1%
----------------------------------------------------
--------------------------
(EUR thousand) EBITDA
--------------------------
Q4 2012 Q4 2011 Change%
----------------------------------------------------
AS Eesti Ajalehed** 105 (192) 155%
AS SL Õhtuleht* 51 62 -18%
AS Ajakirjade Kirjastus* 93 102 -9%
UAB Ekspress Leidyba (80) 12 -767%
AS Express Post* 85 82 4%
intersegment eliminations (1) (4) -
TOTAL 253 62 308%
----------------------------------------------------
-----------------------------
(EUR thousand) Sales
----------------------------------------
12 months 2012 12 months 2011 Change%
---------------------------------------------------------------------
AS Eesti Ajalehed** 12 999 12 761 2%
AS SL Õhtuleht* 3 705 3 432 8%
AS Ajakirjade Kirjastus* 4 196 4 190 0%
UAB Ekspress Leidyba 2 629 2 816 -7%
AS Express Post* 2 313 2 396 -3%
intersegment eliminations*** (1 101) (1 535) 28%
TOTAL 24 741 24 069 3%
---------------------------------------------------------------------
----------------------------------------
(EUR thousand) EBITDA
-----------------------------
12 months 2012 12 months 2011 Change%
---------------------------------------------------------------------
AS Eesti Ajalehed** 502 (211) 338%
AS SL Õhtuleht* 244 203 20%
AS Ajakirjade Kirjastus* 35 164 -79%
UAB Ekspress Leidyba (190) 14 -1457%
AS Express Post* 258 290 -11%
intersegment eliminations*** (1) 91 -
TOTAL 848 552 54%
---------------------------------------------------------------------
*Proportionate share of joint ventures
** For the purpose of comparability, AS Eesti Ajalehed combines the data for AS
Eesti Ajalehed, Eesti Päevalehe AS (100% in both years) with that of OÜ Hea
Lugu.
*** Intra-segment eliminations in EBITDA in 2011 include the elimination of the
50% negative EBITDA of Eesti Päevalehe AS and adjustment of the goodwill which
arose on acquisition of an ownership interest in Eesti Päevalehe AS.
Despite the difficult conditions in the advertising sales market, the
periodicals segment managed to increase its sales both in the 4th quarter as
well as in 2012. This was attributable to several initiatives and product
developments.
To celebrate the 100th anniversary of Estonian film industry, a joint project
of OÜ Hea Lugu and Eesti Päevaleht was launched, providing an opportunity for
the readers of Eesti Päevaleht to purchase a series of 30 Estonian classic
films together with their subscription of Eesti Päevaleht. The additional
series with another 15 films will continue until February 2013. AS Eesti
Ajalehed introduced a new Saturday newspaper LP of Eesti Päevaleht which has
been received very well by readers. The jubilee book and annual book projects
of Maaleht were also successful, as was the retail sales project of Eesti
Ekspress with the bestseller “Fifty Shades of Gray“.
Ajakirjade Kirjastus started to publish a new magazine Top Gear with its
Lithuanian partner who owns the magazine publishing license. In November, the
first issue of the quarterly magazine Elu Lood (Life Stories) published as a
supplement to Eesti Naine (Estonian Woman) which was received very well by
readers. In October, the magazines Kroonika and Nädal were merged. From June,
the Lithuanian magazine publisher publishes magazine GEO under a license. In
November, the publishing business of the Lithuanian children’s magazines was
sold at a marginal price as it was an unprofitable business, its circulation
was low and it had no growth outlook.
Estonian newspaper circulation 2011-2012
The year 2012 was relatively stable in terms of the circulation of newspapers.
There is a slight downward trend in circulation over the long term but it is
similar to the processes taking place in the rest of the world. In 2012, the
average circulation of the newspapers decreased by 2% as compared to 2011. Only
Maaleht managed to increase its average annual circulation (+2.5%) while that
of other publications fell. This analysis does not reflect the overall
situation in the newspaper market because the publications of AS Eesti Ajalehed
have been published in a digital form for the second consecutive year already.
Once the subscribers of digital newspapers are added to the circulation of
printed newspapers, both the circulation of Eesti Ekspress as well as Eesti
Päevaleht increased in 2012.
Estonian newspaper readership 2011-2012
On a positive note, the average newspaper readership figures for 2012 are in an
upward trend. This is a somewhat unexpected result, because the circulation of
newspapers is in a slight downward trend. The average growth is also
attributable to a correction made to the survey, because all people aged 15 and
above have been included in the sample since the 2nd quarter of 2012. This
growth is also partly attributable to the fact that Eesti Päevaleht and Eesti
Ekspress have been published in a digital form for the second consecutive year.
As there is no separate survey of the readers of digital newspapers, there is
no methodological basis to compare it with the number of printed newspapers. AS
Eesti Ajalehed ordered a special survey in December 2012, as a result of which
we can confirm that both Eesti Päevaleht as well as Eesti Ekspress have ca. 30
thousand readers, who use these editions in an electronic form and which the
comparison of readers described above does not reflect. One of the key goals of
the Group for the year 2013 is to significantly increase the number of
electronic readers.
Printing services segment
All printing services of the Group are provided by AS Printall which is one of
the largest printing companies in Estonia. Printall is able to print both
newspapers (coldset) and magazines (heatset).
---------------
(EUR thousand) Sales
--------------------------
Q4 2012 Q4 2011 Change%
-----------------------------------------
AS Printall 8 046 8 143 -1%
-----------------------------------------
--------------------------
(EUR thousand) EBITDA
---------------
Q4 2012 Q4 2011 Change%
-----------------------------------------
AS Printall 1 650 1 495 10%
-----------------------------------------
---------------
(EUR thousand) Sales
----------------------------------------
12 months 2012 12 months 2011 Change%
-------------------------------------------------------
AS Printall 29 167 27 736 5%
-------------------------------------------------------
----------------------------------------
(EUR thousand) EBITDA
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12 months 2012 12 months 2011 Change%
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AS Printall 6 052 5 959 2%
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The printing company Printall continues to exceed previous year’s results, but
which due to operating at the maximum production capacity levels in the peak
season is becoming more complicated. The share of group companies in sales
decreases and the share of exports increases. Most of the volume growth is
generated by printing on heatset machines, which makes up ca. 85% of total
sales.
Printing services and the environment
In addition to its very strong financial position, Printall also focuses on
environmentally conscious production. In 2012, Printall was granted ISO 9001
management and ISO 14001 environmental certificates.
The Minister of the Environment of the Republic of Estonia and the waste
managing company AS Ragn-Sells awarded Printall with the title of the Top
Recycler of the Year, because the company recycles 95% of its waste.
The Nordic Council of Ministers has awarded Printall with the environmental
label “The Nordic Ecolabel”, used to acknowledge the companies in the Nordic
countries that use environmentally efficient production. Printall also has FSC
and PEFC Chain of Custody (COC) certificates, which the company uses to promote
a green way of thinking in the printing industry. Both of those certificates
indicate compliance with monitoring and production process requirements which
are issued to businesses that comply with the requirements established by FSC
(Forest Stewardship Council) and PEFC (Programme for the Endorsement of Forest
Certification). A business that is issued these certificates helps to support
the environmentally friendly, socially fair and economically viable management
of the world’s forests.
Printall cares about the environment and uses green energy. The POWERED BY
GREEN certificate is a proof that the company buys electricity, 70% of which
has been generated by renewable sources of energy.
Consolidated balance sheet (unaudited)
(EUR thousand) 31.12.2012 31.12.2011
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ASSETS
Current assets
Cash and cash equivalents 3 182 2 729
Trade and other receivables 7 344 6 921
Inventories 2 922 2 833
Total 13 448 12 483
Non-current assets held for sale 97 40
Total current assets 13 545 12 523
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Non-current assets
Term deposit 98 98
Trade and other receivables 365 167
Property, plant and equipment 14 841 16 751
Intangible assets 51 450 51 970
Total non-current assets 66 754 68 986
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TOTAL ASSETS 80 299 81 509
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LIABILITIES
Current liabilities
Borrowings 4 347 5 436
Trade and other payables 10 620 11 111
Total current liabilities 14 967 16 547
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Non-current liabilities
Long-term borrowings 24 233 26 397
Derivate financial instruments 0 176
Total non-current liabilities 24 233 26 574
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Total liabilities 39 200 43 121
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EQUITY
Share capital 17 878 17 878
Share premium 14 277 14 277
Reserves 740 480
Retained earnings 8 190 5 749
Currency translation reserve 14 4
TOTAL EQUITY 41 099 38 388
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TOTAL LIABILITIES AND EQUITY 80 299 81 509
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Consolidated statement of comprehensive income (unaudited)
(EUR thousand) Q4 Q4 12 months 12 months
2012 2011 2012 2011
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Sales revenue 16 447 16 313 59 706 57 391
Cost of sales 12 533 12 653 (46 519) 44 847
Gross profit 3 914 3 660 13 187 12 544
Other income (768) (649) (2 378) (2 098)
Marketing expenses (1 (1 (6 643) (7 081)
805) 929)
Administrative expenses (90) (343) (220) (542)
Other expenses 245 298 650 620
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Gain from disposal of ownership in joint 0 0 0 1 540
venture
Impairment of goodwill and loss from sales (157) (750) (157) (750)
of trademarks
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Operating profit 1 339 287 4 439 4 233
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Interest income 0 12 5 45
Interest expense (206) (523) (1 549) (2 212)
Foreign exchange gains (losses) (13) 73 (15) 45
Other finance costs (14) (47) (117) (154)
Net finance cost (233) (485) (1 676) (2 276)
Profit (loss) on shares of associates (8) (8) (41) (52)
Profit (loss) before income tax 1 098 (206) 2 722 1 905
Income tax expense (14) (9) 197 (222)
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Net profit (loss) for the reporting period 1 112 (215) 2 525 1 683
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Net profit (loss) for the reporting period
attributable to:
Equity holders of the parent company 1 112 (215) 2 525 1 683
Other comprehensive income (expense)
Currency translation differences 8 (63) 10 (28)
Profit (loss) on change in value of a 0 63 176 434
hedging instrument
Total other comprehensive income for the 8 0 186 406
period
Comprehensive income (expense) for the 1 120 (215) 2 711 2 089
reporting period attributable to:
Equity holders of the parent company 1 120 (215) 2 711 2 089
Basic and diluted earnings per share 0,04 (0,01) 0,08 0,06
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Consolidated cash flow statement (unaudited)
(EUR thousand) 12 months 12 months
2012 2011
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Cash flows from operating activities
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Operating profit (loss) for the reporting period) 4 439 4 233
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Adjustments for:
Depreciation, amortisation and impairment 3 285 3 524
Gain from disposal of ownership in joint venture, loss on 157 (790)
sale of trademarks and goodwill impairment
Gain (loss) on sale and write-downs of property, plant and 63 249
equipment
Cash flows from operating activities:
Trade and other receivables (715) (121)
Inventories (146) 249
Trade and other payables (433) (690)
Cash generated from operations 6 650 6 654
Income tax paid (188) (98)
Interest paid (1 591) (2 318)
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Net cash generated from operating activities 4 871 4 238
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Cash flows from investing activities
Business combinations (434) (26)
Purchase of other financial investments (15) 0
Term deposit release 0 1 500
Interest received 5 51
Purchase of property, plant and equipment (785) (914)
Proceeds from sale of property, plant and equipment 42 92
Loans granted (10) (30)
Loan repayments received 182 126
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Net cash generated from investing activities (1 015) 799
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Cash flows from financing activities
Finance lease repayments made (390) (1 245)
Change in use of overdraft 731 (712)
Change in use of factoring (270) 90
Repayments of borrowings (3 474) (3 208)
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Net cash used in financing activities (3 403) (5 075)
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NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS 453 (38)
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Cash and cash equivalents at the beginning of the period 2 729 2 767
Cash and cash equivalents at the end of the period 3 182 2 729
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Additional information:
Gunnar Kobin
Chairman of the Management Board
GSM: +372 5188111
e-mail: [email protected]