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AS Ekspress Grupp
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Majandusaasta aruanne
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27.02.2008 10:11:51
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AUDITEERIMATA MAJANDUSTULEMUSED, 4. KVARTAL JA 2007. AASTA
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Tulemuste lühikokkuvõte: 4 kvartal - Müügitulu 365.3 miljonit krooni (23.3 miljonit eurot), aastane kasv 37% - Brutokasum 85.9 miljonit krooni ( 5.5 miljonit eurot), aastane kasv 43% - Kulumieelne ärikasum (EBITDA) 49.0 milj. krooni(3.1 milj. eurot), aastane kasv 18% - Ärikasum (EBIT) 34.8 miljonit krooni (2.2 miljonit eurot), aastane kasv 5% - Puhaskasum 21.6 miljonit krooni (1.4 miljonit eurot), aastane muutus -36.7% 2007 - Müügitulu 1 150.0 miljonit krooni (73.5 miljonit eurot), aastane kasv 24% - Brutokasum 295.5 miljonit krooni ( 18.9 miljonit eurot), aastane kasv 24% - Kulumieelne ärikasum (EBITDA) 159.3 milj. krooni(10.2 milj. eurot), aastane kasv 17% - Ärikasum (EBIT) 119.5 miljonit krooni (7.6 miljonit eurot), aastane kasv 14% - Puhaskasum 92.1 miljonit krooni (5.9 miljonit eurot), aastane muutus -2.2% 2007 4. kvartali olulised sündmused -Oktoobris alustas tööd Printall-i uus trükimasin -Novembris lansseeris Delfi Leedus venekeelse uudisteportaali (http://ru.delfi.lt) -Novembris avas AS Ekspress Hotline äriinfot pakkuva infoliini Rumeenias Delfi Grupp, 3.09-31.12.2007 - Müügitulu 51.7 miljonit krooni (3.3 miljonit eurot), aastane kasv 45% - EBITDA 18.7 miljonit krooni (1.2 miljonit eurot), aastane kasv 63% ASi Ekspress Grupp 2007 aasta konsolideeritud müügitulu moodustas 1 150.0 miljonit krooni (73.5 miljonit eurot), mis on 23.5% rohkem kui 2006. aastal. Kulumieelne ärikasum (kasum enne põhivara amortisatsiooni, finantstulusid-kulusid, tulumaksu ja vähemusosa) (EBITDA) moodustas 159.3 miljonit krooni (10.2 miljonit eurot). Võrreldavatel alustel, 2006 arvestamata Linnalehe osa müügiga seotud tulusid 3.4 miljonit krooni (0.2 miljonit eurot) ning 2006 aasta neljandas kvartalis kinnisvara arendusega tegeleva Suursepa Arendus AS-i 50% osaluse müügiga seotud tulusid 4.5 miljonit krooni (0.3 miljonit eurot) ületab see 24.8% 2006 aasta tulemust. Grupi 2007 aasta puhaskasum ulatus 92.1 miljoni kroonini (5.9 miljonit eurot), mis on (ilma Linnalehe ja Suursepa Arenduse mõjuta) 6.8% enam kui 2006 aastal. Neljanda kvartali konsolideeritud müügitulu oli 365.3 miljonit krooni (23.3 miljonit eurot), mis on 36.7% enam kui 2006 aasta neljandas kvartalis. Kulumieelne ärikasum moodustas 49.0 miljonit krooni (3.1 miljonit eurot) ja puhaskasum 21.6 miljonit krooni (1.4 miljonit eurot). Võrreldes 2006 aasta neljanda kvartaliga oli kasv kulumieelse ärikasumi osas 18.0 %. Ärikasumi tasemele avaldas mõju Rumeenias infotelefoni käivitamisega kaasnevate kulude tõttu 2007 aasta neljandas kvartalis tekkinud kahjum 3 miljonit krooni (0.2 miljonit eurot) ning arvestuspõhimõtete muutus infoteenuste tulu kajastamisel. Neljanda kvartali tööjõukulud olid kõrgemad arvestatud aastaboonuste tõttu. Ärikasumi kasvu aeglustumine neljandas kvartalis on samuti tingitud kulumi kasvust seoses Delfi ja Maalehe soetamisel lisandunud immateriaalse põhivaraga. Neljanda kvartali puhaskasum moodustas 2006 aasta sama perioodi tulemusest 63.3%. Arvestamata 2006 aasta neljandas kvartalis Suursepa Arendus AS-i 50% osaluse müügiga seotud tulusid 4.5 miljonit krooni (0.3 miljonit eurot) moodustab neljanda kvartali puhaskasum 2006 aasta sama perioodi tulemusest 72.9%. Puhaskasumi kasvu pidurdumine 2007 aastal on lisaks ärikasumit mõjutavatest sündmustest tingitud intressikulude tõusust seoses augustis 2007 võetud sündikaatlaenuga summas 674.4 miljonit krooni (43.1 miljonit eurot). Meediareklaamituru ülevaade TNS Emor-i meediareklaamituru uuringu järgi kasvas meediareklaami müügitulu 2007 aastal 29% võrreldes 2006 aastaga. Neljanda kvartali müügitulu juurdekasv moodustas 24% möödunud aasta sama perioodiga võrreldes andes märku mõningasest jahenemisest reklaamiturul. Suurimat 69%-list kasvu nii neljanda kvartali kui aasta arvestuses näitas interneti reklaam. 2007 aastal suurima reklaamituru mahuga 717 miljonit krooni (45.8 miljonit eurot) ja osakaaluga 40% ajalehtede reklaam saavutas möödunud aastaga võrreldes märkimisväärse 23%-lise aastase kasvu. Suurimat mahu tõusu võis 2007 aastal täheldada kinnisvara ja autode reklaami valdkonnas. Vastavalt 94% ja 65% võrreldes 2006 aastaga. Märkimisväärset 48%-list tõusu näitasid ka finantsteenuste reklaamid. Ülevaade segmentide lõikes Kõige suurem müügitulu kasv 2007 aastal absoluutnumbrites saavutati ajalehtede ja ajakirjade kirjastamises. 2007 aasta ja eelkõige neljanda kvartali müügitulu kasvu andis olulise panuse online meedia segment seoses septembris kontserni lisandunud Delfi Grupiga. Müügitulu kasv oli märkimisväärne ka trükiteenuste ja raamatumüügi segmendis. Delfi avas 5. novembril Leedus Delfi venekeelse uudisteportaali (hhtp://ru.delfi.lt). 2008 aastal on plaanitud saavutada 80 000 unikaalset külastust kuus. Prognoosi järgi hakkab portaal kasumit teenima aasta jooksul pärast tegevuse alustamist. Koos vastavatud portaaliga haldab AS Delfi koos Läti ja Leedu tütarettevõtjatega 8 internetiportaali: eesti- ja venekeelsed portaalid Eestis ja Lätis, (http://www.delfi.ee, rus.delfi.ee, http://www.delfi.lv ja rus.delfi.lv), kolme portaali Leedus http://www.delfi.lt, http://www.centras.lt) ja (hhtp://ru.delfi.lt) ning uudisteportaal Ukrainas (http://www.delfi.ua). Delfi Grupi müügitulu aastane kasv alates 2007 septembrist, Delfi majandustulemuste kajastamisest Ekspress Grupi finantsaruannetes kuni 2007 l��puni oli 45%. Samal ajal moodustas EBITDA aastane kasv 63%, mis on saavutatud tänu kulude sünergiale Delfi ja tema tütarettevõtjate vahel Lätis ja Leedus. EBITDA marginaal oli 36%. Järgnevatel aastatel prognoosib juhtkond 30-protsendilist käibe kasvu ning 35-40-protsendilist EBITDA marginaali jätkumist. Juhtkond näeb suurt potentsiaali tulude ja kulude sünergias Ekspress Grupi olemasolevate tegevusvaldkondadega, millest esimese saavutusena võib märkida Delfi sisu kvaliteedi tõusu seoses koostööga ajalehtede uudistetoimetustega. Koostöö tulemusena on Delfi kasutajate arv nädalas tõusnud septembri alguse 500 000 kasutajalt 525 000 kasutajani detsembri lõpus. 2008 jaanuari lõpuks prognoostakse 545 000 kasutajat nädalas. 2008 aasta esimeses kvartalis lansseeritakse Delfi ja Eesti Ekspressi koostöös uued auto ja kinnisvara ühiskeskkonnad. Kirjastamissegmendis moodustas reklaamikäibe aastane kasv korraliku 23%, kuid neljandas kvartalis võis täheldada juba reklaamikäibe mõningast aeglustumist. Perioodika müügi (tellimised ja üksikmüük) kasv oli arvestatav 20%, baseerudes nii olemasolevate toodete kui ka uute väljaannete müügitiraažide kasvul. Neljanda kvartali üksikmüügi kasv oli tervelt 36%, mis on aasta lõpu agressiivsete turundus- ja tellimiskampaaniate tulemus. Mõju avaldas ka I poolaastal käivitatud ajakirjade “Klubas” ja “Naised” müügitiraažide kasv. Uute toodete lansseerimine ja turunduskampaaniate korraldamine on suurendanud turunduskulusid. Neljandas kvartalis oli EBITDA kasv 24.7% möödunud aasta sama perioodiga võrreldes. Neljanda kvartali tööjõukulud olid kõrgemad nii kõrge müügitulu tõttu makstud perioodi boonuste kui arvestatud aastaboonuste tõttu. Nii tööjõu, turundus kui trükikulude tõus on vähendanud EBITDA marginaali 13 %-lt 2006 aastal (arvestamata Linnalehe osa müügiga seotud tulusid 3.4 miljonit krooni)(0.2 miljonit eurot) 12 %-ni 2007 aastal. Trükiteenuste segmendis on 2007 aasta neljanda kvartali müügitulu kasv 16.7% võrreldes 2006 aasta sama perioodiga. 2007 aasta trükiettevõtja müügitulu kasv on arvestatav 13% 2006 aastaga võrreldes. Nimetatud kasv on saavutatud peamiselt kontserniväliste Eesti klientide ja eksporttoodangu osas. Samas on ärirentaablust vähendanud paberi hinna kallinemine ja tööjõukulude ennakkasv (18%) võrreldes tootlusega ning uute masinate soetamisega seotud kulumi kasv. Oktoobris käivitati I poolaastal soetatud ajakirjade trükimasin Rotoman, mis võimaldab suurendada Printalli tootmisvõimsust kolmandiku võrra. Uus trükimasin, mis alustab täisvõimsusel tööd 2008 aastal, soetati tootlikkuse suurendamiseks arvestades eelkõige välisturgusid. 2007 aastal moodustas eksporttoodangu osakaal Printalli müügitulust ca 45%. Raamatumüügis on tähelepanuväärne 28%-line müügitulu kasv 2007 aasta neljandas kvartalis 2006 aasta sama perioodiga võrreldes märgiks soodsast turukonjunktuurist, mida on väga hästi ära kasutatud uue poe avamisega Viljandis ja kaubanduspinna laiendamisega Viru keskuses. Müügitulu lisa on oodata 2008 aastal seoses uue poe avamisega Tartus. Märkimisväärne 39.3%-line EBITDA kasv neljandas kvartalis 2006 aasta sama perioodiga võrreldes on saavutatud tänu varade arvestuse korrastamisele ja regulaarsele hindamisele. Infoteenuste müügitulu tõusis 2007 aastal 5% 2006 aastaga võrreldes. Müügitulu tagasihoidlik tõus on tingitud tulu arvestusprintsiipide muutmisest. 2007 aastal periodiseeritakse tulu vastavalt infoteenuste lepingu kestusele. EBITDA moodustas 2006 aasta tasemest 80%. EBITDA langus on tingitud AS-i Ekspress Hotline Rumeenias asuva tütarettevõtja infotelefoni käivitamisega kaasnevate kulude tõttu 2007 aasta neljandas kvartalis tekkinud kahjumist 3 miljonit krooni (0.2 miljonit eurot). Kasum 2007 aasta kokkuvõttes ulatus Ekspress Grupi brutorentaablus 25.7%-ni olles samal tasemel eelmise aasta näitajaga. Neljanda kvartali brutorentaablus ulatus 23.5%-ni võrreldes eelmise aasta sama perioodi 22.5%-ga. 2007 aasta brutokasum ulatus 295.5 miljoni kroonini (18.9 miljoni euroni) kasvades aastaga 23.6%. Neljanda kvartali brutokasum kasvas võrreldes 2006 aasta sama perioodiga 42.8%. Grupi turunduskulud kasvavad seoses grupi laienemisega ning uute toodete lansseerimisega. Aastane kasv 23 %. Tööjõukulud on suurenenud nii uute firmade lisandumisest tingitud töötajate arvu suurenemisest kui palkade tõstmise tulemusena, kasv kokku 37.2 %. 2007 aasta ärikasum ulatus 119.5 miljoni kroonini (7.6 miljoni euroni) suurenedes eelmise aastaga võrreldes 14.4%. 2007 aasta ärirentaabluseks kujunes 10.4% (2006: 11.2%). Neljanda kvartali ärikasum ulatus 34.8 miljoni kroonini (2.2 miljoni euroni) suurenedes eelmise aastaga võrreldes 5.2%. Neljanda kvartali ärirentaablus oli 9.5% (4 kvartal 2006: 12.3%). Ärikasumi kasvu aeglustumine neljandas kvartalis on tingitud kulumi kasvust seoses Delfi ja Maalehe soetamisel lisandunud immateriaalse põhivaraga. Grupi 2007 aasta finantskulud ulatusid 25.9 miljoni kroonini (1.7 miljoni euroni). Põhilise osa finantskuludest moodustavad intressikulud 24.6 miljonit krooni (1.6 miljonit eurot). Intressikulude tõus on tingitud Ekspress Grupi poolt kolmandas kvartalis Delfi ja Maalehe omandamiseks SEB Eesti Ühispanga, Sampo Panga ja Nordea panga sündikaadilt 674.4 miljoni krooni (43.1 miljoni euro) suuruse laenu võtmisest. Kokku teenis Ekspress Grupp 2007 aastal puhaskasumit (peale makse ja vähemusosalust) 92.1 miljonit krooni (5.9 miljonit eurot). 2006 aasta sama perioodiga võrreldes vähenes puhaskasum 2.2%. Grupi neljanda kvartali puhaskasumiks (peale makse ja vähemusosalust) kujunes 21.6 miljonit krooni (1.4 miljonit eurot), mis moodustab 2006 aasta sama perioodi kasumist 63.3%. Delfi ostuga lisandusid Lätis ja Leedus tulumaksukulud. Bilanss ja investeeringud 2007. aasta 31. detsembri seisuga ulatus Ekspress Grupi konsolideeritud bilansimaht 1752.2 miljoni kroonini (112.0 miljoni euroni) kasvades aastaga 1.6 korda. Bilansis kajastatud varad ja kohustused on suurenenud grupi laienemise ja põhivara soetuseks tehtud investeeringute tulemusena. Käibevarad kasvasid aastaga 35.8% ulatudes 305.7 miljoni kroonini (19.5 miljoni euroni) seisuga 31. detsember 2007. Käibevaradest suurenesid absoluutarvudes enam grupi nõuded ostjate vastu ulatudes detsembri lõpus 165.9 miljoni kroonini (10.6 miljoni euroni), kasv aastaga 35.4%. Lühiajalised kohustused suurenesid aastaga 55.8% ulatudes detsembri lõpus 439.7 miljoni kroonini (28.1 miljoni euroni). Lühiajalistest kohustustest suurenesid enam lühiajalised laenud, ulatudes detsembri lõpus 199.0 miljoni kroonini (12.7 miljoni euroni). Lühiajaliste laenude sisu moodustavad arvelduskrediidi kasutatud jääk ning pikaajaliste laenude ja kapitalirendimaksete lühiajaline osa. Detsembri lõpu seisuga ulatusid Grupi pikaajalised võlakohustused 741.6 miljoni kroonini (47.4 miljoni euroni), kasvades aastaga 5.2 korda. Pikaajalistest võlakohustustest moodustavad pangalaenud 606.6 miljonit krooni (38.8 miljonit eurot) ja kapitalirendi võlg 134.9 miljonit krooni (8.6 miljonit eurot). Pangalaenudest moodustab 548.8 miljonit krooni (35.1 miljonit eurot) Ekspress Grupi poolt kolmandas kvartalis SEB Eesti Ühispanga, Sampo Panga ja Nordea panga sündikaadiga sõlmitud laenuleping Delfi ja Maalehe omandamise finantseerimiseks. Materiaalne põhivara ulatus detsembri lõpu seisuga 404.9 miljoni kroonini (25.9 miljoni euroni) kasvades aastaga 40%. Põhiosa põhivara suurenemisest moodustab Printalli poolt soetatud uue trükimasina maksumus 81.6 miljonit krooni (5.2 miljonit eurot). Immateriaalne põhivara ulatus detsembri lõpu seisuga 1 023.4 miljoni kroonini (65.4 miljoni euroni) kasvades aastaga 6.4 korda. Immateriaalse põhivara suurenemisest moodustab 832.3 miljonit krooni (53.2 miljonit eurot) Delfi Grupi ostmisega lisandunud kaubamärkide, kliendisuhete ja tarkvara jääkväärtus ning soetamisel tekkinud firmaväärtus. 39.6 miljonit krooni (2.5 miljonit eurot) moodustab Maalehe ostmisega lisandunud kaubamärgi jääkväärtus ja soetamisel tekkinud firmaväärtus. Töötajad Ekspress Grupis töötas 2007. aasta detsembri lõpu seisuga 2292 inimest (31. Detsember 2006: 1900 inimest). 2007 aasta keskmine töötajate arv oli 2274 (2006:1877). Ekspress Grupi töötajatele maksti 2007. aasta jooksul töötasusid kokku 241.4 miljonit krooni (15.4 miljonit eurot). Ekspress Grupi aktsiad ja aktsionärid Seltsi aktsiakapital on 189 710 810 krooni, mis on jagatud 10 kroonisteks aktsiateks. Kõik aktsiad on ühte liiki ning omandipiirangud puuduvad. Seltsi põhikirjast ei tulene piiranguid Seltsi aktsiate võõrandamisel. Aktsiaseltsi ja aktsionäride vahelistes lepingutes puuduvad aktsiate võõrandamise piirangud. Aktsionäride omavahelistes lepingutes on need seltsi teada vaid selles ulatuses, mis on seotud väärtpaberite pantimisega ning mis on avalik teave. Olulist osalust ASs Ekspress Grupp omavad seisuga 31.detsember 2007 järgmised isikud: Hans Luik, kelle kontrolli all on 12 683 220 aktsiat, mis on 66.86% Seltsi aktsiakapitalist Skandinaviska Enskilda Banken, kelle klientidele kuulub 1 320 522 aktsiat, mis on 6.96% Seltsi aktsiakapitalist Seltsil puuduvad spetsiifilist kontrollõigust andvad aktsiad Seltsil puudub teave kokkulepete kohta aktsionäride hääleõiguste piirangute osas. Ekspress Grupi juhtorganite valimine ja volitused Juhatuse liikmete valimine on seltsi nõukogu pädevuses. Juhatuse liikmete valimiseks ja tagasikutsumiseks on vajalik nõukogu lihthäälteenamus. Juhatuse liikme poolt oma ametist tagasiastumisest peab ta teatama seltsi nõukogule 1 kuu ette. Seltsi juhatuse volitused on sätestatud äriseadustikus ning need on piiratud seltsi põhikirjas määratud ulatuses. Seltsi juhatusel puudub õigus emiteerida seltsi aktsiaid. Seltsi põhikirja muutmine on aktsionäride ainupädevus, milleks on vajalik 2/3 üldkoosolekul esindatud häältest. Seltsi ja juhatuse liikmete vahel puuduvad kokkulepped, mis käsitleksid hüvitusi seoses väärtpaberituru seaduse 19. peatükis sätestatud seltsi ülevõtmisega. Seltsil ülevõtmise korral väärtpaberituru seaduse 19. peatüki kohaselt on Seltsi osalusega äriühingutes AS SL Õhtuleht, AS Ajakirjade Kirjastus ja AS Express Post praegusel kaasaktsionäril õigus omandada õiglase hinnaga seltsi osalus nimetatud äriühingutes. -------------------------------------------------------------------------------- | Finantsnäitajad (tuh. EEK) | 12 kuud | -------------------------------------------------------------------------------- | | 2007 | 2006 | -------------------------------------------------------------------------------- | Perioodi kohta | | | -------------------------------------------------------------------------------- | Müügitulu | 1 149 962 | 930 861 | -------------------------------------------------------------------------------- | Brutokasum | 295 548 | 239 023 | -------------------------------------------------------------------------------- | Ärikasum | 119 457 | 104 455 | -------------------------------------------------------------------------------- | Perioodi puhaskasum | 92 108 | 94 142 | -------------------------------------------------------------------------------- | s.h. emaettevõtte omanike osa puhaskasumist | 91 669 | 92 165 | -------------------------------------------------------------------------------- | Perioodi lõpu seisuga | | | -------------------------------------------------------------------------------- | Käibevara | 305 669 | 225 017 | -------------------------------------------------------------------------------- | Põhivara | 1 446 559 | 441 339 | -------------------------------------------------------------------------------- | Varad kokku | 1 752 228 | 666 356 | -------------------------------------------------------------------------------- | Kohustused | 1 181 389 | 401 087 | -------------------------------------------------------------------------------- | Omakapital | 570 842 | 265 270 | -------------------------------------------------------------------------------- | s.h. emaettevõtte omanike osa omakapitalis | 953 | 227 | -------------------------------------------------------------------------------- | Suhtarvud (%) | 12 kuud | -------------------------------------------------------------------------------- | | 2007 | 2006 | -------------------------------------------------------------------------------- | Käibe kasv (%) | 24% | 24% | -------------------------------------------------------------------------------- | Brutokasumimäär (%) | 26% | 26% | -------------------------------------------------------------------------------- | Puhasrentaablus (%) | 8% | 10% | -------------------------------------------------------------------------------- | Omakapitali osakaal (%) | 33% | 40% | -------------------------------------------------------------------------------- | Varade tootlus (%) | 5% | 14% | -------------------------------------------------------------------------------- | Omakapitali tootlus (%) | 19% | 44% | -------------------------------------------------------------------------------- | Ärirentaablus (%) | 10% | 11% | -------------------------------------------------------------------------------- | Likviidsuskordaja | 0,70 | 0,80 | -------------------------------------------------------------------------------- | Võla ja omakapitali suhe (%) | 165% | 81% | -------------------------------------------------------------------------------- | Puhaskasum aktsia kohta (krooni) | 5,00 | 7,10 | -------------------------------------------------------------------------------- | Finantsvõimendus (%) | 57% | 45% | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Finantsnäitajad (tuh. EUR) | 12 kuud | -------------------------------------------------------------------------------- | | 2007 | 2006 | -------------------------------------------------------------------------------- | Perioodi kohta | | | -------------------------------------------------------------------------------- | Müügitulu | 73 496 | 59 493 | -------------------------------------------------------------------------------- | Brutokasum | 18 889 | 15 277 | -------------------------------------------------------------------------------- | Ärikasum | 7 633 | 6 677 | -------------------------------------------------------------------------------- | Perioodi puhaskasum | 5 886 | 6 018 | -------------------------------------------------------------------------------- | s.h. emaettevõtte omanike osa puhaskasumist | 5 858 | 5 892 | -------------------------------------------------------------------------------- | Perioodi lõpu seisuga | | | -------------------------------------------------------------------------------- | Käibevara | 19 536 | 14 382 | -------------------------------------------------------------------------------- | Põhivara | 92 452 | 28 207 | -------------------------------------------------------------------------------- | Varad kokku | 111 988 | 42 589 | -------------------------------------------------------------------------------- | Kohustused | 75 505 | 25 634 | -------------------------------------------------------------------------------- | Omakapital | 36 483 | 16 955 | -------------------------------------------------------------------------------- | s.h. emaettevõtte omanike osa omakapitalis | 61 | 15 | -------------------------------------------------------------------------------- | Suhtarvud (%) | 12 kuud | -------------------------------------------------------------------------------- | | 2007 | 2006 | -------------------------------------------------------------------------------- | Käibe kasv (%) | 24% | 24% | -------------------------------------------------------------------------------- | Brutokasumimäär (%) | 26% | 26% | -------------------------------------------------------------------------------- | Puhasrentaablus (%) | 8% | 10% | -------------------------------------------------------------------------------- | Omakapitali osakaal (%) | 33% | 40% | -------------------------------------------------------------------------------- | Varade tootlus (%) | 5% | 14% | -------------------------------------------------------------------------------- | Omakapitali tootlus (%) | 19% | 44% | -------------------------------------------------------------------------------- | Ärirentaablus (%) | 10% | 11% | -------------------------------------------------------------------------------- | Likviidsuskordaja | 0,70 | 0,80 | -------------------------------------------------------------------------------- | Võla ja omakapitali suhe (%) | 165% | 81% | -------------------------------------------------------------------------------- | Puhaskasum aktsia kohta (krooni) | 0,32 | 0,45 | -------------------------------------------------------------------------------- | Finantsvõimendus (%) | 57% | 45% | -------------------------------------------------------------------------------- SUHTARVUDE VALEMID -------------------------------------------------------------------------------- | Käibe kasv (%) (müügitulu 2007 - müügitulu 2006) / müügitulu 2006*100 | -------------------------------------------------------------------------------- | Brutokasumimäär (%) brutokasum/müügitulu*100 | -------------------------------------------------------------------------------- | Puhasrentaablus (%) puhaskasum/müügitulu*100 | -------------------------------------------------------------------------------- | Omakapitali osakaal (%) Omakapital / (kohustused + omakapital)* 100 | -------------------------------------------------------------------------------- | Varade tootlus (%) puhaskasum/keskmised varad *100 | -------------------------------------------------------------------------------- | Omakapitali tootlus (%) puhaskasum/keskmine omakapital *100 | -------------------------------------------------------------------------------- | Ärirentaablus (%) ärikasum/müügitulu*100 | -------------------------------------------------------------------------------- | Likviidsuskordaja käibevara/lühiajalised kohustused | -------------------------------------------------------------------------------- | Võla ja omakapitali suhe (%) intressi kandvad võlakohustused/omakapital*100 | -------------------------------------------------------------------------------- | Puhaskasum aktsia kohta (krooni) puhaskasum/keskmine aktsiate arv | -------------------------------------------------------------------------------- | Finantsvõimendus (%) intressi kandvad võlakohustused-raha ja raha | | ekvivalendid/intressi kandvad võlakohustused+omakapital*100 | -------------------------------------------------------------------------------- KONSOLIDEERITUD BILANSS (auditeerimata) -------------------------------------------------------------------------------- | tuh. EEK | 31.12.2007 | 31.12.2006 | -------------------------------------------------------------------------------- | VARAD | | | -------------------------------------------------------------------------------- | Käibevara | | | -------------------------------------------------------------------------------- | Raha | 68 970 | 51 101 | -------------------------------------------------------------------------------- | Finantsvarad õiglases väärtuses muutusega läbi | 4 606 | 6 484 | | kasumiaruande | | | -------------------------------------------------------------------------------- | Nõuded ja ettemaksed | 165 935 | 122 576 | -------------------------------------------------------------------------------- | Varud | 66 161 | 44 857 | -------------------------------------------------------------------------------- | Käibevara kokku | 305 672 | 225 018 | -------------------------------------------------------------------------------- | Põhivara | | | -------------------------------------------------------------------------------- | Nõuded ja ettemaksed | 13 667 | 9 708 | -------------------------------------------------------------------------------- | Investeeringud sidusettevõtetesse | 861 | 17 | -------------------------------------------------------------------------------- | Kinnisvarainvesteeringud | 3 732 | 4 123 | -------------------------------------------------------------------------------- | Materiaalne põhivara | 404 880 | 289 210 | -------------------------------------------------------------------------------- | Immateriaalne põhivara | 1 023 419 | 138 281 | -------------------------------------------------------------------------------- | Põhivara kokku | 1 446 559 | 441 339 | -------------------------------------------------------------------------------- | VARAD KOKKU | 1 752 231 | 666 357 | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL | | | -------------------------------------------------------------------------------- | Kohustused | | | -------------------------------------------------------------------------------- | Lühiajalised kohustused | | | -------------------------------------------------------------------------------- | Laenukohustused | 199 013 | 95 026 | -------------------------------------------------------------------------------- | Võlad ja ettemaksed | 240 703 | 187 132 | -------------------------------------------------------------------------------- | Lühiajalised kohustused kokku | 439 716 | 282 158 | -------------------------------------------------------------------------------- | Pikaajalised kohustused | | | -------------------------------------------------------------------------------- | Pikaajalised laenukohustused | 741 585 | 118 846 | -------------------------------------------------------------------------------- | Muud pikaajalised võlad | 88 | 83 | -------------------------------------------------------------------------------- | Pikaajalised kohustused kokku | 741 673 | 118 929 | -------------------------------------------------------------------------------- | Kohustused kokku | 1 181 389 | 401 087 | -------------------------------------------------------------------------------- | Omakapital | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäridele kuuluv osa | | | | omakapitalist | | | -------------------------------------------------------------------------------- | Aktsiakapital | 189 711 | 165 232 | -------------------------------------------------------------------------------- | Ülekurss | 183 495 | 0 | -------------------------------------------------------------------------------- | Reservid | 10 222 | 5 501 | -------------------------------------------------------------------------------- | Jaotamata kasum | 185 981 | 94 310 | -------------------------------------------------------------------------------- | Valuutakursi korrigeerimiste reserv | 480 | 0 | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäridele kuuluv osa | 569 889 | 265 043 | | omakapitalist kokku | | | -------------------------------------------------------------------------------- | Vähemusosalus | 953 | 227 | -------------------------------------------------------------------------------- | Omakapital kokku | 570 842 | 265 270 | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL KOKKU | 1 752 231 | 666 357 | -------------------------------------------------------------------------------- KONSOLIDEERITUD BILANSS (auditeerimata) -------------------------------------------------------------------------------- | tuh. EUR | 31.12.2007 | 31.12.2006 | -------------------------------------------------------------------------------- | VARAD | | | -------------------------------------------------------------------------------- | Käibevara | | | -------------------------------------------------------------------------------- | Raha | 4 408 | 3 266 | -------------------------------------------------------------------------------- | Finantsvarad õiglases väärtuses muutusega läbi | 294 | 414 | | kasumiaruande | | | -------------------------------------------------------------------------------- | Nõuded ja ettemaksed | 10 606 | 7 835 | -------------------------------------------------------------------------------- | Varud | 4 228 | 2 867 | -------------------------------------------------------------------------------- | Käibevara kokku | 19 536 | 14 382 | -------------------------------------------------------------------------------- | Põhivara | | | -------------------------------------------------------------------------------- | Nõuded ja ettemaksed | 873 | 620 | -------------------------------------------------------------------------------- | Investeeringud sidusettevõtetesse | 55 | 1 | -------------------------------------------------------------------------------- | Kinnisvarainvesteeringud | 239 | 264 | -------------------------------------------------------------------------------- | Materiaalne põhivara | 25 877 | 18 484 | -------------------------------------------------------------------------------- | Immateriaalne põhivara | 65 408 | 8 838 | -------------------------------------------------------------------------------- | Põhivara kokku | 92 452 | 28 207 | -------------------------------------------------------------------------------- | VARAD KOKKU | 111 988 | 42 589 | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL | | | -------------------------------------------------------------------------------- | Kohustused | | | -------------------------------------------------------------------------------- | Lühiajalised kohustused | | | -------------------------------------------------------------------------------- | Laenukohustused | 12 719 | 6 073 | -------------------------------------------------------------------------------- | Võlad ja ettemaksed | 15 384 | 11 960 | -------------------------------------------------------------------------------- | Lühiajalised kohustused kokku | 28 103 | 18 033 | -------------------------------------------------------------------------------- | Pikaajalised kohustused | | | -------------------------------------------------------------------------------- | Pikaajalised laenukohustused | 47 396 | 7 596 | -------------------------------------------------------------------------------- | Muud pikaajalised võlad | 6 | 5 | -------------------------------------------------------------------------------- | Pikaajalised kohustused kokku | 47 402 | 7 601 | -------------------------------------------------------------------------------- | Kohustused kokku | 75 505 | 25 634 | -------------------------------------------------------------------------------- | Omakapital | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäridele kuuluv osa | | | | omakapitalist | | | -------------------------------------------------------------------------------- | Aktsiakapital | 12 125 | 10 560 | -------------------------------------------------------------------------------- | Ülekurss | 11 727 | 0 | -------------------------------------------------------------------------------- | Reservid | 653 | 352 | -------------------------------------------------------------------------------- | Jaotamata kasum | 11 886 | 6 028 | -------------------------------------------------------------------------------- | Valuutakursi korrigeerimiste reserv | 31 | 0 | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäridele kuuluv osa | 36 422 | 16 940 | | omakapitalist kokku | | | -------------------------------------------------------------------------------- | Vähemusosalus | 61 | 15 | -------------------------------------------------------------------------------- | Omakapital kokku | 36 483 | 16 955 | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL KOKKU | 111 988 | 42 589 | -------------------------------------------------------------------------------- KONSOLIDEERITUD KASUMIARUANNE (auditeerimata) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | 4 kvartal | 12 kuud | -------------------------------------------------------------------------------- | 2007 | 2006 | 2007 | 2006 | -------------------------------------------------------------------------------- | tuh. EEK | | -------------------------------------------------------------------------------- | Müügitulu | 365 316 | 267 220 | 1 149 962 | 930 861 | -------------------------------------------------------------------------------- | Müüdud toodangu kulu | 279 463 | 207 090 | 854 414 | 691 838 | -------------------------------------------------------------------------------- | Brutokasum | 85 853 | 60 130 | 295 548 | 239 023 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Turustuskulud | 5 935 | 7 675 | 48 733 | 39 541 | -------------------------------------------------------------------------------- | Üldhalduskulud | 48 562 | 25 617 | 133 972 | 106 505 | -------------------------------------------------------------------------------- | Muud äritulud | 6 764 | 7 401 | 12 085 | 16 257 | -------------------------------------------------------------------------------- | Muud ärikulud | 3 354 | 1 180 | 5 469 | 4 779 | -------------------------------------------------------------------------------- | Ärikasum | 34 766 | 33 059 | 119 459 | 104 455 | -------------------------------------------------------------------------------- | Intressitulud | 475 | 89 | 3 465 | 716 | -------------------------------------------------------------------------------- | Intressikulud | (14 719) | (4 289) | (24 569) | (10 798) | -------------------------------------------------------------------------------- | Kahjum valuutakursi | 94 | 35 | 34 | 24 | | muutusest | | | | | -------------------------------------------------------------------------------- | Muud finantstulud | 2 504 | 4 742 | 3 552 | 5 559 | -------------------------------------------------------------------------------- | Muud finantskulud | (152) | (6) | (3 653) | (1 268) | -------------------------------------------------------------------------------- | Kokku finantstulud/kulud | (11 798) | 571 | (21 171) | (5 767) | -------------------------------------------------------------------------------- | Kasum sidusettevõtete | (388) | (641) | 996 | (342) | | aktsiatelt ja osadelt | | | | | -------------------------------------------------------------------------------- | Kasum enne tulumaksustamist | 22 580 | 32 989 | 99 284 | 98 346 | -------------------------------------------------------------------------------- | Tulumaks | 963 | (1 151) | 7 174 | 4 204 | -------------------------------------------------------------------------------- | KONTSERNI PUHASKASUM | 21 617 | 34 140 | 92 110 | 94 142 | -------------------------------------------------------------------------------- | Aruandeaasta puhaskasumi | | | | | | jaotus: | | | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäride | 21 517 | 34 615 | 91 671 | 92 165 | | osa kasumist | | | | | -------------------------------------------------------------------------------- | Vähemusosaluse osa kasumist | 100 | (475) | 439 | 1 977 | -------------------------------------------------------------------------------- | Tava- ja lahustunud kasum | 1,13 | 2,02 | 5,00 | 7,10 | | aktsia kohta | | | | | -------------------------------------------------------------------------------- KONSOLIDEERITUD KASUMIARUANNE (auditeerimata) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | 4 kvartal | 12 kuud | -------------------------------------------------------------------------------- | 2007 | 2006 | 2007 | 2006 | -------------------------------------------------------------------------------- | tuh. EUR | | -------------------------------------------------------------------------------- | Müügitulu | 23 348 | 17 078 | 73 496 | 59 493 | -------------------------------------------------------------------------------- | Müüdud toodangu kulu | 17 861 | 13 235 | 54 607 | 44 216 | -------------------------------------------------------------------------------- | Brutokasum | 5 487 | 3 843 | 18 889 | 15 277 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Turustuskulud | 379 | 491 | 3 115 | 2 527 | -------------------------------------------------------------------------------- | Üldhalduskulud | 3 104 | 1 637 | 8 562 | 6 807 | -------------------------------------------------------------------------------- | Muud äritulud | 432 | 473 | 771 | 1 039 | -------------------------------------------------------------------------------- | Muud ärikulud | 214 | 75 | 350 | 305 | -------------------------------------------------------------------------------- | Ärikasum | 2 222 | 2 113 | 7 633 | 6 677 | -------------------------------------------------------------------------------- | Intressitulud | 30 | 6 | 221 | 46 | -------------------------------------------------------------------------------- | Intressikulud | (941) | (274) | (1 570) | (690) | -------------------------------------------------------------------------------- | Kahjum valuutakursi | 6 | 2 | 2 | 2 | | muutusest | | | | | -------------------------------------------------------------------------------- | Muud finantstulud | 160 | 303 | 227 | 355 | -------------------------------------------------------------------------------- | Muud finantskulud | (10) | 0 | (233) | (81) | -------------------------------------------------------------------------------- | Kokku finantstulud/kulud | (755) | 37 | (1 353) | (368) | -------------------------------------------------------------------------------- | Kasum sidusettevõtete | (25) | (41) | 64 | (22) | | aktsiatelt ja osadelt | | | | | -------------------------------------------------------------------------------- | Kasum enne tulumaksustamist | 1 442 | 2 109 | 6 344 | 6 287 | -------------------------------------------------------------------------------- | Tulumaks | 62 | (74) | 458 | 269 | -------------------------------------------------------------------------------- | KONTSERNI PUHASKASUM | 1 380 | 2 183 | 5 886 | 6 018 | -------------------------------------------------------------------------------- | Aruandeaasta puhaskasumi | | | | | | jaotus: | | | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäride | 1 374 | 2 213 | 5 858 | 5 892 | | osa kasumist | | | | | -------------------------------------------------------------------------------- | Vähemusosaluse osa kasumist | 6 | (30) | 28 | 126 | -------------------------------------------------------------------------------- | Tava- ja lahustunud kasum | 0,07 | 0,13 | 0,32 | 0,45 | | aktsia kohta | | | | | -------------------------------------------------------------------------------- MÜÜGITULU SEGMENTIDE LÕIKES -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müügitulu | -------------------------------------------------------------------------------- | 2007 12 kuud | 2006 12 kuud | Muutus | -------------------------------------------------------------------------------- | tuh. EEK | | -------------------------------------------------------------------------------- | online meedia | 58 470 | 5 501 | 963% | -------------------------------------------------------------------------------- | perioodilised väljaanded* | 531 542 | 427 765 | 24% | -------------------------------------------------------------------------------- | trükiteenused | 385 787 | 341 507 | 13% | -------------------------------------------------------------------------------- | raamatute müük | 187 800 | 157 998 | 19% | -------------------------------------------------------------------------------- | infoteenused | 66 350 | 62 921 | 5% | -------------------------------------------------------------------------------- | määramata | 2 009 | 1 352 | - | -------------------------------------------------------------------------------- | segmentidevahelised | (81 996) | (66 183) | - | | elimineerimised | | | | -------------------------------------------------------------------------------- | KOKKU | 1 149 962 | 930 861 | 24% | -------------------------------------------------------------------------------- *ühisettevõtetest proportsionaalne osa MÜÜGITULU SEGMENTIDE LÕIKES -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müügitulu | -------------------------------------------------------------------------------- | 2007 12 kuud | 2006 12 kuud | Muutus | -------------------------------------------------------------------------------- | tuh. EUR | | -------------------------------------------------------------------------------- | online meedia | 3 737 | 352 | 963% | -------------------------------------------------------------------------------- | perioodilised väljaanded* | 33 972 | 27 339 | 24% | -------------------------------------------------------------------------------- | trükiteenused | 24 656 | 21 826 | 13% | -------------------------------------------------------------------------------- | raamatute müük | 12 003 | 10 098 | 19% | -------------------------------------------------------------------------------- | infoteenused | 4 241 | 4 021 | 5% | -------------------------------------------------------------------------------- | määramata | 128 | 86 | - | -------------------------------------------------------------------------------- | segmentidevahelised | (5 241) | (4 229) | - | | elimineerimised | | | | -------------------------------------------------------------------------------- | KOKKU | 73 496 | 59 493 | 24% | -------------------------------------------------------------------------------- *ühisettevõtetest proportsionaalne osa MÜÜGITULU SEGMENTIDE LÕIKES -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müügitulu | -------------------------------------------------------------------------------- | 2007 4 kvartal | 2006 4 kvartal | Muutus | -------------------------------------------------------------------------------- | tuh. EEK | | -------------------------------------------------------------------------------- | online meedia | 41 721 | 1 340 | 3014% | -------------------------------------------------------------------------------- | perioodilised väljaanded* | 160 951 | 118 622 | 36% | -------------------------------------------------------------------------------- | trükiteenused | 106 854 | 91 556 | 17% | -------------------------------------------------------------------------------- | raamatute müük | 64 260 | 50 160 | 28% | -------------------------------------------------------------------------------- | infoteenused | 16 305 | 24 471 | -33% | -------------------------------------------------------------------------------- | määramata | 713 | 385 | 85% | -------------------------------------------------------------------------------- | segmentidevahelised | (25 488) | (19 314) | - | | elimineerimised | | | | -------------------------------------------------------------------------------- | KOKKU | 365 316 | 267 220 | 37% | -------------------------------------------------------------------------------- *ühisettevõtetest proportsionaalne osa MÜÜGITULU SEGMENTIDE LÕIKES -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müügitulu | -------------------------------------------------------------------------------- | 2007 4 kvartal | 2006 4 kvartal | Muutus | -------------------------------------------------------------------------------- | tuh. EUR | | -------------------------------------------------------------------------------- | online meedia | 2 666 | 86 | 3014% | -------------------------------------------------------------------------------- | perioodilised väljaanded* | 10 287 | 7 581 | 36% | -------------------------------------------------------------------------------- | trükiteenused | 6 829 | 5 851 | 17% | -------------------------------------------------------------------------------- | raamatute müük | 4 107 | 3 206 | 28% | -------------------------------------------------------------------------------- | infoteenused | 1 042 | 1 564 | -33% | -------------------------------------------------------------------------------- | määramata | 46 | 25 | 85% | -------------------------------------------------------------------------------- | segmentidevahelised | (1 629) | (1 235) | - | | elimineerimised | | | | -------------------------------------------------------------------------------- | KOKKU | 23 348 | 17 078 | 37% | -------------------------------------------------------------------------------- *ühisettevõtetest proportsionaalne osa EBITDA SEGMENTIDE LÕIKES -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EBITDA | -------------------------------------------------------------------------------- | 2007 12 kuud | 2006 12 kuud | Muutus | -------------------------------------------------------------------------------- | tuh. EEK | | -------------------------------------------------------------------------------- | online meedia | 20 089 | (315) | - | -------------------------------------------------------------------------------- | perioodilised väljaanded*/** | 62 516 | 60 239 | 4% | -------------------------------------------------------------------------------- | trükiteenused | 72 908 | 66 470 | 10% | -------------------------------------------------------------------------------- | raamatute müük | 8 650 | 6 278 | 38% | -------------------------------------------------------------------------------- | infoteenused | 8 770 | 10 900 | -20% | -------------------------------------------------------------------------------- | määramata | (6 975) | (6 117) | - | -------------------------------------------------------------------------------- | segmentidevahelised | (6 686) | (1 884) | - | | elimineerimised | | | | -------------------------------------------------------------------------------- | KOKKU | 159 272 | 135 571 | 17% | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- *ühisettevõtetest proportsionaalne osa ** 2006 a. sisaldab 3,4 miljonit krooni (0.2 miljonit eurot) kasumit 50% AS Linnaleht aktsiate müügist EBITDA SEGMENTIDE LÕIKES -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EBITDA | -------------------------------------------------------------------------------- | 2007 12 kuud | 2006 12 kuud | Muutus | -------------------------------------------------------------------------------- | tuh. EUR | | -------------------------------------------------------------------------------- | online meedia | 1 284 | (20) | - | -------------------------------------------------------------------------------- | perioodilised väljaanded*/** | 3 995 | 3 850 | 4% | -------------------------------------------------------------------------------- | trükiteenused | 4 660 | 4 248 | 10% | -------------------------------------------------------------------------------- | raamatute müük | 553 | 401 | 38% | -------------------------------------------------------------------------------- | infoteenused | 560 | 697 | -20% | -------------------------------------------------------------------------------- | määramata | (446) | (391) | - | -------------------------------------------------------------------------------- | segmentidevahelised | (427) | (120) | - | | elimineerimised | | | | -------------------------------------------------------------------------------- | KOKKU | 10 179 | 8 665 | 17% | -------------------------------------------------------------------------------- *ühisettevõtetest proportsionaalne osa ** 2006 a. sisaldab 3,4 miljonit krooni (0.2 miljonit eurot) kasumit 50% AS Linnaleht aktsiate müügist EBITDA SEGMENTIDE LÕIKES -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EBITDA | -------------------------------------------------------------------------------- | 2007 4 kvartal | 2006 4 kvartal | Muutus | -------------------------------------------------------------------------------- | tuh. EEK | | -------------------------------------------------------------------------------- | online meedia | 13 396 | (775) | - | -------------------------------------------------------------------------------- | perioodilised väljaanded*/** | 17 899 | 14 349 | 25% | -------------------------------------------------------------------------------- | trükiteenused | 21 072 | 16 281 | 29% | -------------------------------------------------------------------------------- | raamatute müük | 4 225 | 3 033 | 39% | -------------------------------------------------------------------------------- | infoteenused | (236) | 6 613 | - | -------------------------------------------------------------------------------- | määramata | (2 495) | 2 833 | - | -------------------------------------------------------------------------------- | segmentidevahelised | (4 863) | (818) | - | | elimineerimised | | | | -------------------------------------------------------------------------------- | KOKKU | 48 998 | 41 516 | 18% | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- *ühisettevõtetest proportsionaalne osa ** 2006 a. sisaldab 3,4 miljonit krooni (0.2 miljonit eurot) kasumit 50% AS Linnaleht aktsiate müügist EBITDA SEGMENTIDE LÕIKES -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EBITDA | -------------------------------------------------------------------------------- | 2007 4 kvartal | 2006 4 kvartal | Muutus | -------------------------------------------------------------------------------- | tuh. EUR | | -------------------------------------------------------------------------------- | online meedia | 856 | (50) | - | -------------------------------------------------------------------------------- | perioodilised väljaanded*/** | 1 144 | 917 | 25% | -------------------------------------------------------------------------------- | trükiteenused | 1 347 | 1 041 | 29% | -------------------------------------------------------------------------------- | raamatute müük | 270 | 194 | 39% | -------------------------------------------------------------------------------- | infoteenused | (15) | 423 | - | -------------------------------------------------------------------------------- | määramata | (159) | 181 | - | -------------------------------------------------------------------------------- | segmentidevahelised | (311) | (53) | - | | elimineerimised | | | | -------------------------------------------------------------------------------- | KOKKU | 3 132 | 2 653 | 18% | -------------------------------------------------------------------------------- *ühisettevõtetest proportsionaalne osa ** 2006 a. sisaldab 3,4 miljonit krooni (0.2 miljonit eurot) kasumit 50% AS Linnaleht aktsiate müügist KONTSERNIETTEVÕTETE MÜÜGITULU* -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müügitulu | -------------------------------------------------------------------------------- | 2007 12 kuud | 2006 12 kuud | Muutus % | -------------------------------------------------------------------------------- | tuh. EEK | | -------------------------------------------------------------------------------- | Eesti Ekspressi Kirjastuse AS | 143 101 | 121 432 | 18% | -------------------------------------------------------------------------------- | AS Delfi | 130 043 | 89 299 | 46% | -------------------------------------------------------------------------------- | AS Printall | 385 787 | 341 507 | 13% | -------------------------------------------------------------------------------- | AS Maaleht | 59 848 | 52 775 | 13% | -------------------------------------------------------------------------------- | UAB Ekspress Leidyba | 67 692 | 54 806 | 24% | -------------------------------------------------------------------------------- | Rahva Raamat AS | 187 800 | 157 998 | 19% | -------------------------------------------------------------------------------- | OÜ Netikuulutused | 5 667 | 5 329 | 6% | -------------------------------------------------------------------------------- | AS Ekspress Hotline | 66 332 | 62 910 | 5% | -------------------------------------------------------------------------------- | Eesti Päevalehe AS** | 175 766 | 133 034 | 32% | -------------------------------------------------------------------------------- | AS SL Õhtuleht** | 157 640 | 138 019 | 14% | -------------------------------------------------------------------------------- | AS Express Post** | 72 133 | 49 233 | 47% | -------------------------------------------------------------------------------- | AS Ajakirjade Kirjastus** | 229 679 | 198 465 | 16% | -------------------------------------------------------------------------------- | AS Linnaleht | 32 294 | 23 905 | 35% | -------------------------------------------------------------------------------- | UAB Medipresa | 129 135 | 97 476 | 32% | -------------------------------------------------------------------------------- * kontsernisisesed tehingud elimineerimata ** ühisettevõtted 100% KONTSERNIETTEVÕTETE MÜÜGITULU* -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müügitulu | -------------------------------------------------------------------------------- | 2007 12 kuud | 2006 12 kuud | Muutus % | -------------------------------------------------------------------------------- | tuh. EUR | | -------------------------------------------------------------------------------- | Eesti Ekspressi Kirjastuse AS | 9 146 | 7 761 | 18% | -------------------------------------------------------------------------------- | AS Delfi | 8 311 | 5 707 | 46% | -------------------------------------------------------------------------------- | AS Printall | 24 656 | 21 826 | 13% | -------------------------------------------------------------------------------- | AS Maaleht | 3 825 | 3 373 | 13% | -------------------------------------------------------------------------------- | UAB Ekspress Leidyba | 4 326 | 3 503 | 24% | -------------------------------------------------------------------------------- | Rahva Raamat AS | 12 003 | 10 098 | 19% | -------------------------------------------------------------------------------- | OÜ Netikuulutused | 362 | 341 | 6% | -------------------------------------------------------------------------------- | AS Ekspress Hotline | 4 239 | 4 021 | 5% | -------------------------------------------------------------------------------- | Eesti Päevalehe AS** | 11 233 | 8 502 | 32% | -------------------------------------------------------------------------------- | AS SL Õhtuleht** | 10 075 | 8 821 | 14% | -------------------------------------------------------------------------------- | AS Express Post** | 4 610 | 3 147 | 47% | -------------------------------------------------------------------------------- | AS Ajakirjade Kirjastus** | 14 679 | 12 684 | 16% | -------------------------------------------------------------------------------- | AS Linnaleht | 2 064 | 1 528 | 35% | -------------------------------------------------------------------------------- | UAB Medipresa | 8 253 | 6 230 | 32% | -------------------------------------------------------------------------------- * kontsernisisesed tehingud elimineerimata ** ühisettevõtted 100% KONTSERNIETTEVÕTETE ÄRIKASUMID (EBIT)* -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Ärikasum | -------------------------------------------------------------------------------- | 2007 12 kuud | 2006 12 kuud | Muutus % | -------------------------------------------------------------------------------- | tuh. EEK | | -------------------------------------------------------------------------------- | Eesti Ekspressi Kirjastuse AS | 25 290 | 19 620 | 29% | -------------------------------------------------------------------------------- | AS Delfi | 39 158 | 28 135 | 39% | -------------------------------------------------------------------------------- | AS Printall | 51 516 | 47 363 | 9% | -------------------------------------------------------------------------------- | AS Maaleht | 4 465 | 3 439 | 30% | -------------------------------------------------------------------------------- | UAB Ekspress Leidyba | (2 262) | 2 529 | - | -------------------------------------------------------------------------------- | Rahva Raamat AS | 6 067 | 4 666 | 30% | -------------------------------------------------------------------------------- | OÜ Netikuulutused | 1 690 | 253 | 568% | -------------------------------------------------------------------------------- | AS Ekspress Hotline | 10 441 | 9 046 | 15% | -------------------------------------------------------------------------------- | Eesti Päevalehe AS**/*** | 3 925 | 6 686 | -41% | -------------------------------------------------------------------------------- | AS SL Õhtuleht** | 31 661 | 28 871 | 10% | -------------------------------------------------------------------------------- | AS Express Post** | 2 854 | (468) | - | -------------------------------------------------------------------------------- | AS Ajakirjade Kirjastus** | 20 447 | 24 301 | -16% | -------------------------------------------------------------------------------- | AS Linnaleht | 981 | (4 203) | - | -------------------------------------------------------------------------------- | UAB Medipresa | 1 901 | 415 | 358% | -------------------------------------------------------------------------------- * kontsernisisesed tehingud elimineerimata ** ühisettevõtted 100% *** 2006 a. sisaldab 6.7 miljonit krooni (0.4 miljonit eurot) kasumit 50% AS Linnaleht aktsiate müügist KONTSERNIETTEVÕTETE ÄRIKASUMID (EBIT)* -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Ärikasum | -------------------------------------------------------------------------------- | 2007 12 kuud | 2006 12 kuud | Muutus% | -------------------------------------------------------------------------------- | tuh. EUR | | -------------------------------------------------------------------------------- | Eesti Ekspressi Kirjastuse AS | 1 616 | 1 254 | 29% | -------------------------------------------------------------------------------- | AS Delfi | 2 503 | 1 798 | 39% | -------------------------------------------------------------------------------- | AS Printall | 3 292 | 3 027 | 9% | -------------------------------------------------------------------------------- | AS Maaleht | 285 | 220 | 30% | -------------------------------------------------------------------------------- | UAB Ekspress Leidyba | (145) | 162 | - | -------------------------------------------------------------------------------- | Rahva Raamat AS | 388 | 298 | 30% | -------------------------------------------------------------------------------- | OÜ Netikuulutused | 108 | 16 | 568% | -------------------------------------------------------------------------------- | AS Ekspress Hotline | 667 | 578 | 15% | -------------------------------------------------------------------------------- | Eesti Päevalehe AS**/*** | 251 | 427 | -41% | -------------------------------------------------------------------------------- | AS SL Õhtuleht** | 2 024 | 1 845 | 10% | -------------------------------------------------------------------------------- | AS Express Post** | 182 | (30) | - | -------------------------------------------------------------------------------- | AS Ajakirjade Kirjastus** | 1 307 | 1 553 | -16% | -------------------------------------------------------------------------------- | AS Linnaleht | 63 | (269) | - | -------------------------------------------------------------------------------- | UAB Medipresa | 121 | 27 | 358% | -------------------------------------------------------------------------------- * kontsernisisesed tehingud elimineerimata ** ühisettevõtted 100% *** 2006 a. sisaldab 6.7 miljonit krooni (0.4 miljonit eurot) kasumit 50% AS Linnaleht aktsiate müügist Lisainformatsioon: Priit Leito, juhatuse esimees e-post priit@egruppp.ee tel. +372 669 8340
Pealkiri
UNAUDITED CONSOLIDATED FINANCIAL RESULTS, Q4 AND 2007
Teade
Highlights of operating results: 4th quarter 2007 - Sales revenue EEK 365.3 million (EUR 23.3 million), year-over-year growth 37% - Gross profit EEK 85.9 million (EUR 5.5 million), year-over-year growth 43% - Operating profit before depreciation (EBITDA) EEK 49.0 million (EUR 3.1 million), year-over-year growth 18% - Operating profit (EBIT) EEK 34.8 million (EUR 2.2 million), year-over-year growth 5% - Net profit EEK 21.6 million (EUR 1.4 million), year-over-year change -36.7% 2007 - Sales revenue EEK 1 150.0 million (73.5 million), year-over-year growth 24% - Gross profit EEK 295.5 million (EUR 18.9 million), year-over-year growth 24% - EBITDA EEK 159.3 million (EUR 10.2 million), year-over-year growth 17% - EBIT EEK 119.5 million (EUR 7.6 million), year-over-year growth 14% - Net profit EEK 92.1 million (EUR 5.9 million), year-over-year change -2.2% Key events of the 4th quarter 2007 -In October, the new printing press of Printall became operational -In November, Delfi launched a Russian-language news portal in Lithuania (http://ru.delfi.lt) -In November, AS Ekspress Hotline opened an information line providing business information in Romania Delfi Group, 3 September - 31 December 2007 - Sales revenue EEK 51.7 million (EUR 3.3 million), year-over-year growth 45% - EBITDA EEK 18.7 million (EUR 1.2 million), year-over-year growth 63% The 2007 consolidated net sales of AS Ekspress Group totalled EEK 1 150.0 million (EUR 73.5 million) which is 23.5% higher than in 2006. Operating profit before depreciation (income before depreciation, financial income and expenses, income tax and minority interest) (EBITDA) totalled EEK 159.3 million (EUR 10.2 million). On comparable bases, excluding the revenue relating to the sale of the holding of Linnaleht in the amount of EEK 3.4 million (EUR 0.2 million) in 2006 and the revenue relating to the sale of the 50% holding of the real estate development company Suursepa Arendus AS in the amount of EEK 4.5 million (EUR 0.3 million) in the 4th quarter of 2006, it exceeds the sales revenue of 2006 by 24.8%. The Group's net profit for 2007 reached EEK 92.1 million (EUR 5.9 million) which is (excluding the effect of Linnaleht and Suursepa Arendus) 6.8% more than in 2006. The consolidated net sales for the 4th quarter totalled EEK 365.3 million (EUR 23.3 million) which is 36.7% higher than in the 4th quarter of 2006. EBITDA totalled EEK 49.0 million (EUR 3.1 million) and the net profit totalled EEK 21.6 million (EUR 1.4 million). As compared to the 4th quarter of 2006, EBITDA growth was 18.0 %. A loss relating to the costs of launching the information line in Romania in the amount of EEK 3 million (EUR 0.2 million) and a change in the accounting policies relating to the recognition of revenue from information services had a negative effect on the level of EBIT. The staff costs in the 4th quarter were higher due to the annual bonus accrual. The slow-down of EBIT in the 4th quarter also relates to depreciation growth in conjunction with new intangibles acquired in the acquisition of Delfi and Maaleht. The net profit for the 4th quarter made up 63.3% of the net profit of the same period in 2006. Excluding the revenue derived from the sale of the 50% holding of Suursepa Arendus AS in the amount of EEK 4.5 million (EUR 0.3 million ) in the 4th quarter, the net profit made up 72.9% of the net profit for the 4th quarter of 2006. In addition to the events affecting EBIT in 2007, the slow-down in the growth of the net profit in 2007 is attributable to higher interest costs related to assuming a syndicate loan in the amount of EEK 674.4 million (EUR 43.1 million) in August 2007. Overview of the media market According to the survey of the media advertising market conducted by TNS Emor, the sales revenue of media advertising grew by 29% in 2007 as compared to 2006. Sales growth in the 4th quarter was 24% as compared to the same period last year, showing moderate cooling off in the adverting market. Internet advertising demonstrated the highest growth both in the 4th quarter as well as for the whole year (69%). Newspaper advertising with the highest advertising market volume of EEK 717 million (EUR 45.8 million) in 2007 and the share of 40% attained a remarkable 23% annual growth as compared to last year. The areas of real estate and automobile advertising showed the highest volume growth in 2007, 94% and 65%, respectively as compared to 2006. Advertising of financial services also grew a remarkable 48%. Overview by segments In 2007, the growth drivers of the Group's sales revenue in absolute terms were primarily the publishing of newspapers and magazines. The online media segment made a significant contribution to the sales growth of 2007 and primarily to that of the 4th quarter which was related to the acquisition of Delfi Group in September. Sales growth was also noteworthy in the segments of printing services and book sales. On 5 November, Delfi launched a Russian-language news portal in Lithuania (hhtp://ru.delfi.lt). The goal for 2008 includes reaching 80 000 unique users per month. According to the forecast, the portal will be profitable in a year after being launched. Along with the newly-launched internet portal, AS Delfi together with its Latvian and Lithuanian subsidiaries manages 8 internet portals: Estonian and Russian language portals in Estonia and Latvia (http://www.delfi.ee, rus.delfi.ee, http://www.delfi.lv and rus.delfi.lv), three portals in Lithuania http://www.delfi.lt, http://www.centras.lt) and (hhtp://ru.delfi.lt) and the news portal in the Ukraine (http://www.delfi.ua). From September 2007, after the consolidation of the results of operations of Delfi in the financial statements of the Ekspress Group, until the end of 2007 the year-over-year sales growth of the Delfi Group was 45%. At the same time, the year-over-year growth of EBITDA was 63% which has been attained due to the synergies of costs between Delfi and its subsidiaries in Latvia and Lithuania. The EBITDA margin was 36%. Management forecasts 30 per cent sales growth in the upcoming years and continuation of 35-40 per cent EBITDA margin. Management sees great potential in the synergies of income and expenses with the current operating areas of the Ekspress Group, the first achievement of which is the improvement in the quality of Delfi's content due to cooperation with editorial departments of newspapers. As a result of the cooperation, the number of Delfi users has increased from 500 000 at the beginning of September to 525 000 users at the end of December. By the end of 2008, the number of users is expected to reach 545 000. New automobile and real estate combined internet environments in collaboration with Delfi and Eesti Ekspress will be launched in the first quarter of 2008. In the publishing segment, advertising sales grew a decent 23% year-over-year but a moderate slowdown could be observed in advertising sales in the 4th quarter. The sales growth of periodicals (subscriptions and single issue sales) was also a decent 20%, derived from the sales growth of existing products as well as new magazines publications. In the 4th quarter, the sales growth reached 36% which was the result of aggressive marketing and subscription campaigns at the end of the year. The sales growth of magazines “Klubas” and “Naised” launched in the first half of the year also had a positive effect. The launching of new products has increased marketing costs. In the 4th quarter, EBITDA growth was 24.7% as compared to the same period last year. In the 4th quarter, staff costs were higher both due to higher bonuses paid as a result of higher sales revenue as well as an annual bonus accrual. The growth of staff costs, marketing costs as well as publishing costs has lowered the EBITDA margin from 13% in 2006 (excluding revenue relating to the sale of the share of Linnaleht in the amount of EEK 3.4 million kroons (EUR 0.2 million )) to 12% in 2007. In the segment of printing services, the sales growth in the 4th quarter of 2007 was 16.7% as compared to the same period in 2006. In 2007, the sales growth of the subsidiary was a decent 13% as compared to 2006. This growth was primarily related to non-Group Estonian customers and export products. However, the operating margin has been reduced by higher paper prices and acceleration of staff costs (18%) as compared to productivity, and higher depreciation related to acquisition of new equipment. In October, the magazine printing press acquired in the first half of the year enabling to increase the production capacity of Printall by one third, became operational. The new printing press which will be fully operational in 2008 was acquired for the purpose of increasing capacity primarily in foreign markets. In 2007, exports made up ca 45% of the sales revenue of Printall. The remarkable 28% sales growth in book sales in the 4th quarter of 2007 as compared to the 4th quarter of 2006 is a sign of a favourable market condition which was well utilised with the opening of a new book store in Viljandi and expansion of the commercial space in Viru Centre. Sales are expected to grow further after the opening of a new store in Tartu. The respectable 39.3% EBITDA growth in the 4th quarter as compared to the same period last year has been attained due to improved inventory accounting as well as regular evaluations. The sales of information services increased by 5% in 2007 as compared to 2006. Modest sales growth is related to the changes in the accounting policies of revenue recognition. In 2007, revenue is allocated to periods according to the duration of the contract of information services. EBITDA made up 80% of the 2006 level. The decline of EBITDA is related to the costs of launching the information telephone at the Romanian subsidiary of AS Ekspress Hotline leading to a loss of EEK 3 million (EUR 0.2 million). Net profit For the whole year of 2007, the gross profit of the Ekspress Group was 25.7%, being at the same level as last year. In the 4th quarter, the gross margin reached 23.5% as compared to 22.5% in the same period last year. The gross profit for 2007 reached EEK 295.5 million (EUR 18.9 million), growing by 23.6% in a year. The gross profit in the fourth quarter increased by 42.8% as compared to the same period last year. The Group's marketing expenses increased due to the expansion of the Group and launching of new products. The annual growth was 23%. Staff costs increased as a result of hiring new employees related to the addition of new companies and also due to wage rise, growing by 37.2 %. In 2007, EBIT reached EEK 119.5 million (EUR 7.6 million), increasing by 14.4% as compared to the same period last year. In 2007, the operating margin was 10.4% (2006: 11.2%). In the 4th quarter, EBIT reached EEK 34.8 million (EUR 2.2 million), increasing by 5.2% as compared to last year. The operating margin in the 4th quarter was 9.5% (4th quarter 2006: 12.3%). The slowdown of EBIT in the 4th quarter was related to depreciation growth in conjunction with new intangibles acquired in the acquisition of Delfi and Maaleht. In 2007, the Group's financial expenses reached EEK 25.9 million (EUR 1.7 million). A major part of the financial expenses is made up of interest expenses in the amount of EEK 24.6 million (EUR 1.6 million). The growth of interest expenses is related to the loan in the amount of EEK 674.4 million (EUR 43.1 million) taken from the syndicate of SEB Eesti Ühispank, Sampo Pank and Nordea Pank for the acquisition of Delfi and Maaleht by the Ekspress Group. Overall, the Ekspress Group earned a net profit (after taxes and minority interest) in the amount of EEK 92.1 million (EUR 5.9 million) in 2007. As compared to the same period in 2006, the net profit decreased by 2.2%. The Group's net profit (after taxes and minority interest) in the 4th quarter was EEK 21.6 million (EUR 1.4 million) which makes up 63.3% of net profit last year. Income tax expenses increased in Latvia and Lithuania due to the acquisition of Delfi. Balance sheet and investments As of 31 December 2007, the consolidated balance sheet total of Ekspress Group was EEK 1752.2 million (EUR 112.0), increasing by 1.6 times in a year. The assets and liabilities included in the balance sheet have increased as a result of the expansion of the Group and the investments made to acquire non-current assets. Current assets increased by 35.8% in a year, reaching EEK 305.7 million (EUR 19.5 million) as of 31 December 2007. Of current assets, the Group's trade receivables increased the most in absolute numbers, reaching EEK 165.9 million (EUR 10.6 million), the growth in a year being 35.4%. Current liabilities increased by 55.8% in a year, reaching EEK 439.7 million (EUR 28.1 million) by the end of the year. Of the current liabilities, short-term loans increased the most, reaching EEK 199.0 million (EUR 12.7 million) by the end of December. Short-term loans comprise the used portion of overdraft and the current portion of long-term loans and finance lease payables. As of the end of December, the Group's long-term borrowings reached EEK 741.6 million (EUR 47.4 million), increasing by 5.2 times in a year. Of the long-term borrowings, bank loans total EEK 606.6 million (EUR 38.8 million) and finance lease payables total EEK 134.9 million (EUR 8.6 million). Of the bank loans, EEK 548.8 million (35.1 million) is made up of the loan contract that the Group entered into with the syndicate of SEB Eesti Ühispank, Sampo Pank and Nordea Pank for financing the acquisition of Delfi and Maaleht in the third quarter. As of the year-end, property, plant and equipment stood at EEK 404.9 (EUR 25.9 million), increasing by 40% in a year. A major part of the growth of property, plant and equipment is made up of the cost of the new printing press acquired by Printall in the amount of EEK 81.6 million (EUR 5.2 million). As of the end of December, intangible assets stood at EEK 1 023.4 million (EUR 65.4 million), increasing by 6.4 times in a year. Of the growth of intangible assets, EEK 832.3 million (EUR 53.2 million) is made up of the fair value of trademarks, customer relations and software of the Delfi Group as well as goodwill which arose in the acquisitions. The net book value of the trademark and the goodwill which arose in the acquisition of Maaleht amounts to EEK 39.6 million (EUR 2.5 million). Employees As of the end of December, the Ekspress Group employed 2292 people (31 December 2006: 1900 people). The average number of employees in 2007 was 2274 (2006:1877). In 2007, wages and salaries paid to the employees of the Ekspress Group totalled EEK 241.4 million (15.4 million). Shares and shareholders of the Ekspress Group The share capital of the public limited company is EEK 189 710 81 which is consists of the shares with the nominal value of 10 kroons. All shares are of one type and there are no ownership restrictions. The articles of association of the public limited company set no restrictions on the transfer of the shares of the public limited company. The agreements entered into between the public limited company and the shareholders set no restrictions on the transfer of shares. In the agreements between the shareholders, they are only known to the extent that is related to pledged securities and is public information. The following persons have significant holdings in AS Ekspress Group as of 31 December 2007: Hans Luik who controls 12 683 220 shares which makes up 66.86% of the share capital of the public limited company Skandinaviska Enskilda Banken whose customers hold 1 320 522 shares which makes up 6.96% of the share capital of the public limited company. The public limited company does not have any shares granting specific rights of control. The public limited company does not possess information on agreements with regard to restrictions on the voting rights of shareholders. Election and authority of the governing bodies of the Ekspress Group The election of the members of the Management Board is in the competence of the Supervisory Board of the public limited company. Simple majority voting at the Supervisory Board is required in order to elect and recall the members of the Management Board. Upon resignation, a member of the Management Board shall notify the Supervisory Board of the public limited company one month in advance. The authority of the Management Board of the public limited company is specified in the Commercial Code and it is limited to the extent provided for in the articles of association. The Management Board of the public limited company has no right to issue shares. Amendment of the articles of association is the exclusive competence of the shareholders, requiring 2/3 of votes present at the general meeting. There are no agreements between the public limited company and the members of the Management Board referring to compensation related to a takeover of the public limited company as set out in Chapter 19 of the Securities Market Act. Pursuant to Chapter 19 of the Securities Market Act, in case of a takeover of the public limited company, the current co-shareholder in the entities AS SL Õhtuleht, AS Ajakirjade Kirjastus and AS Express Post has the right to acquire the holding of the public limited company in the aforementioned entities at a fair price. -------------------------------------------------------------------------------- | SELECTED FINANCIAL INDICATORS (th EEK) | 12 months | -------------------------------------------------------------------------------- | | 2007 | 2006 | -------------------------------------------------------------------------------- | Accounting period | | | -------------------------------------------------------------------------------- | Net sales | 1 149 962 | 930 861 | -------------------------------------------------------------------------------- | Gross profit | 295 548 | 239 023 | -------------------------------------------------------------------------------- | Operating profit | 119 457 | 104 455 | -------------------------------------------------------------------------------- | Net profit for the period | 92 108 | 94 142 | -------------------------------------------------------------------------------- | Net profit for the shareholders of the mother | 91 669 | 92 165 | | company | | | -------------------------------------------------------------------------------- | At the end of the period | | | -------------------------------------------------------------------------------- | Total current assets | 305 669 | 225 017 | -------------------------------------------------------------------------------- | Total fixed assets | 1 446 559 | 441 339 | -------------------------------------------------------------------------------- | Total assets | 1 752 228 | 666 356 | -------------------------------------------------------------------------------- | Total liabilities | 1 181 389 | 401 087 | -------------------------------------------------------------------------------- | Total equity | 570 842 | 265 270 | -------------------------------------------------------------------------------- | Equity belonging to the shareholders of mother | 953 | 227 | | company | | | -------------------------------------------------------------------------------- | Performance indicators (%) | 12 months | -------------------------------------------------------------------------------- | | 2007 | 2006 | -------------------------------------------------------------------------------- | Sales growth (%) | 24% | 24% | -------------------------------------------------------------------------------- | Gross profit margin (%) | 26% | 26% | -------------------------------------------------------------------------------- | Net profit margin (%) | 8% | 10% | -------------------------------------------------------------------------------- | Equity ratio (%) | 33% | 40% | -------------------------------------------------------------------------------- | ROA (%) | 5% | 14% | -------------------------------------------------------------------------------- | ROE (%) | 19% | 44% | -------------------------------------------------------------------------------- | Operating profit margin (%) | 10% | 11% | -------------------------------------------------------------------------------- | Liquidity ratio | 0,70 | 0,80 | -------------------------------------------------------------------------------- | Debt equity ratio (%) | 165% | 81% | -------------------------------------------------------------------------------- | Earnings per share (EEK) | 5,00 | 7,10 | -------------------------------------------------------------------------------- | Financial leverage (%) | 57% | 45% | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | SELECTED FINANCIAL INDICATORS (th EUR) | 12 months | -------------------------------------------------------------------------------- | | 2007 | 2006 | -------------------------------------------------------------------------------- | Accounting period | | | -------------------------------------------------------------------------------- | Net sales | 73 496 | 59 493 | -------------------------------------------------------------------------------- | Gross profit | 18 889 | 15 277 | -------------------------------------------------------------------------------- | Operating profit | 7 633 | 6 677 | -------------------------------------------------------------------------------- | Net profit for the period | 5 886 | 6 018 | -------------------------------------------------------------------------------- | Net profit for the shareholders of the mother | 5 858 | 5 892 | | company | | | -------------------------------------------------------------------------------- | At the end of the period | | | -------------------------------------------------------------------------------- | Total current assets | 19 536 | 14 382 | -------------------------------------------------------------------------------- | Total fixed assets | 92 452 | 28 207 | -------------------------------------------------------------------------------- | Total assets | 111 988 | 42 589 | -------------------------------------------------------------------------------- | Total liabilities | 75 505 | 25 634 | -------------------------------------------------------------------------------- | Total equity | 36 483 | 16 955 | -------------------------------------------------------------------------------- | Equity belonging to the shareholders of mother | 61 | 15 | | company | | | -------------------------------------------------------------------------------- | Performance indicators (%) | 12 months | -------------------------------------------------------------------------------- | | 2007 | 2006 | -------------------------------------------------------------------------------- | Sales growth (%) | 24% | 24% | -------------------------------------------------------------------------------- | Gross profit margin (%) | 26% | 26% | -------------------------------------------------------------------------------- | Net profit margin (%) | 8% | 10% | -------------------------------------------------------------------------------- | Equity ratio (%) | 33% | 40% | -------------------------------------------------------------------------------- | ROA (%) | 5% | 14% | -------------------------------------------------------------------------------- | ROE (%) | 19% | 44% | -------------------------------------------------------------------------------- | Operating profit margin (%) | 10% | 11% | -------------------------------------------------------------------------------- | Liquidity ratio | 0,70 | 0,80 | -------------------------------------------------------------------------------- | Debt equity ratio (%) | 165% | 81% | -------------------------------------------------------------------------------- | Earnings per share (EUR) | 0,32 | 0,45 | -------------------------------------------------------------------------------- | Financial leverage (%) | 57% | 45% | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Sales growth (%) (net sales 2007 - net sales 2006) / net sales | | 2006*100 | -------------------------------------------------------------------------------- | Gross profit margin (%) gross profit/net sales*100 | -------------------------------------------------------------------------------- | Net profit margin (%) net profit/net sales*100 | -------------------------------------------------------------------------------- | Equity ratio (%) Equity / assets* 100 | -------------------------------------------------------------------------------- | ROA (%) net profit/assets *100 | -------------------------------------------------------------------------------- | ROE (%) net profit/equity *100 | -------------------------------------------------------------------------------- | Operating profit margin (%) operating profit/net sales*100 | -------------------------------------------------------------------------------- | Liquidity ratio current assets/current liabilities | -------------------------------------------------------------------------------- | Debt equity ratio (%) interest bearing liabilities/equity*100 | -------------------------------------------------------------------------------- | Earnings per share net profit/average number of shares | -------------------------------------------------------------------------------- | Financial leverage (%) interest bearing liabilities-cash and cash | | equivalents/interest bearing liabilities + equity*100 | -------------------------------------------------------------------------------- CONSOLIDATED BALANCE SHEET (unaudited) -------------------------------------------------------------------------------- | th EEK | 31.12.2007 | 31.12.2006 | -------------------------------------------------------------------------------- | ASSETS | | | -------------------------------------------------------------------------------- | Current assets | | | -------------------------------------------------------------------------------- | Cash and cash equivalents | 68 970 | 51 101 | -------------------------------------------------------------------------------- | Other financial assets at fair value through | 4 606 | 6 484 | | profit or loss | | | -------------------------------------------------------------------------------- | Trade and other receivables | 165 935 | 122 576 | -------------------------------------------------------------------------------- | Inventories | 66 161 | 44 857 | -------------------------------------------------------------------------------- | Total current assets | 305 672 | 225 018 | -------------------------------------------------------------------------------- | Non-current assets | | | -------------------------------------------------------------------------------- | Trade and other receivables | 13 667 | 9 708 | -------------------------------------------------------------------------------- | Investments in associates | 861 | 17 | -------------------------------------------------------------------------------- | Investment property | 3 732 | 4 123 | -------------------------------------------------------------------------------- | Property, plant and equipment | 404 880 | 289 210 | -------------------------------------------------------------------------------- | Intangible assets | 1 023 419 | 138 281 | -------------------------------------------------------------------------------- | Total non-current assets | 1 446 559 | 441 339 | -------------------------------------------------------------------------------- | TOTAL ASSETS | 1 752 231 | 666 357 | -------------------------------------------------------------------------------- | SHAREHOLDERS EQUITY AND LIABILITIES | | | -------------------------------------------------------------------------------- | Liabilities | | | -------------------------------------------------------------------------------- | Current liabilities | | | -------------------------------------------------------------------------------- | Borrowings | 199 013 | 95 026 | -------------------------------------------------------------------------------- | Trade and other payables | 240 703 | 187 132 | -------------------------------------------------------------------------------- | Total current liabilities | 439 716 | 282 158 | -------------------------------------------------------------------------------- | Non-current liabilities | | | -------------------------------------------------------------------------------- | Borrowings | 741 585 | 118 846 | -------------------------------------------------------------------------------- | Other long term liabilities | 88 | 83 | -------------------------------------------------------------------------------- | Total non-current liabilities | 741 673 | 118 929 | -------------------------------------------------------------------------------- | Total liabilities | 1 181 389 | 401 087 | -------------------------------------------------------------------------------- | Equity | | | -------------------------------------------------------------------------------- | Capital and reserves attributable to equity | | | | holders of the Group | | | -------------------------------------------------------------------------------- | Share capital | 189 711 | 165 232 | -------------------------------------------------------------------------------- | Share premium | 183 495 | 0 | -------------------------------------------------------------------------------- | Reserves | 10 222 | 5 501 | -------------------------------------------------------------------------------- | Retained earnings | 185 981 | 94 310 | -------------------------------------------------------------------------------- | Currency translation reserve | 480 | 0 | -------------------------------------------------------------------------------- | Total capital and reserves attributable to | 569 889 | 265 043 | | equity holders of the Group | | | -------------------------------------------------------------------------------- | Minority interest | 953 | 227 | -------------------------------------------------------------------------------- | Total equity | 570 842 | 265 270 | -------------------------------------------------------------------------------- | TOTAL EQUITY AND LIABILITIES | 1 752 231 | 666 357 | -------------------------------------------------------------------------------- CONSOLIDATED BALANCE SHEET (unaudited) -------------------------------------------------------------------------------- | th EUR | 31.12.2007 | 31.12.2006 | -------------------------------------------------------------------------------- | ASSETS | | | -------------------------------------------------------------------------------- | Current assets | | | -------------------------------------------------------------------------------- | Cash and cash equivalents | 4 408 | 3 266 | -------------------------------------------------------------------------------- | Other financial assets at fair value through | 294 | 414 | | profit or loss | | | -------------------------------------------------------------------------------- | Trade and other receivables | 10 606 | 7 835 | -------------------------------------------------------------------------------- | Inventories | 4 228 | 2 867 | -------------------------------------------------------------------------------- | Total current assets | 19 536 | 14 382 | -------------------------------------------------------------------------------- | Non-current assets | | | -------------------------------------------------------------------------------- | Trade and other receivables | 873 | 620 | -------------------------------------------------------------------------------- | Investments in associates | 55 | 1 | -------------------------------------------------------------------------------- | Investment property | 239 | 264 | -------------------------------------------------------------------------------- | Property, plant and equipment | 25 877 | 18 484 | -------------------------------------------------------------------------------- | Intangible assets | 65 408 | 8 838 | -------------------------------------------------------------------------------- | Total non-current assets | 92 452 | 28 207 | -------------------------------------------------------------------------------- | TOTAL ASSETS | 111 988 | 42 589 | -------------------------------------------------------------------------------- | SHAREHOLDERS EQUITY AND LIABILITIES | | | -------------------------------------------------------------------------------- | Liabilities | | | -------------------------------------------------------------------------------- | Current liabilities | | | -------------------------------------------------------------------------------- | Borrowings | 12 719 | 6 073 | -------------------------------------------------------------------------------- | Trade and other payables | 15 384 | 11 960 | -------------------------------------------------------------------------------- | Total current liabilities | 28 103 | 18 033 | -------------------------------------------------------------------------------- | Non-current liabilities | | | -------------------------------------------------------------------------------- | Borrowings | 47 396 | 7 596 | -------------------------------------------------------------------------------- | Other long term liabilities | 6 | 5 | -------------------------------------------------------------------------------- | Total non-current liabilities | 47 402 | 7 601 | -------------------------------------------------------------------------------- | Total liabilities | 75 505 | 25 634 | -------------------------------------------------------------------------------- | Equity | | | -------------------------------------------------------------------------------- | Capital and reserves attributable to equity | | | | holders of the Group | | | -------------------------------------------------------------------------------- | Share capital | 12 125 | 10 560 | -------------------------------------------------------------------------------- | Share premium | 11 727 | 0 | -------------------------------------------------------------------------------- | Reserves | 653 | 352 | -------------------------------------------------------------------------------- | Retained earnings | 11 886 | 6 028 | -------------------------------------------------------------------------------- | Currency translation reserve | 31 | 0 | -------------------------------------------------------------------------------- | Total capital and reserves attributable to | 36 422 | 16 940 | | equity holders of the Group | | | -------------------------------------------------------------------------------- | Minority interest | 61 | 15 | -------------------------------------------------------------------------------- | Total equity | 36 483 | 16 955 | -------------------------------------------------------------------------------- | TOTAL EQUITY AND LIABILITIES | 111 988 | 42 589 | -------------------------------------------------------------------------------- INCOME STATEMENT (unaudited) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | 4 quarter | 12 months | -------------------------------------------------------------------------------- | 2007 | 2006 | 2007 | 2006 | -------------------------------------------------------------------------------- | th EEK | | -------------------------------------------------------------------------------- | Sales | 365 316 | 267 220 | 1 149 962 | 930 861 | -------------------------------------------------------------------------------- | Costs of sales | 279 463 | 207 090 | 854 414 | 691 838 | -------------------------------------------------------------------------------- | Gross margin | 85 853 | 60 130 | 295 548 | 239 023 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Distribution costs | 5 935 | 7 675 | 48 733 | 39 541 | -------------------------------------------------------------------------------- | Administrative expenses | 48 562 | 25 617 | 133 972 | 106 505 | -------------------------------------------------------------------------------- | Other income | 6 764 | 7 401 | 12 085 | 16 257 | -------------------------------------------------------------------------------- | Other expenses | 3 354 | 1 180 | 5 469 | 4 779 | -------------------------------------------------------------------------------- | Operating profit | 34 766 | 33 059 | 119 459 | 104 455 | -------------------------------------------------------------------------------- | Interest income | 475 | 89 | 3 465 | 716 | -------------------------------------------------------------------------------- | Interest expenses | (14 719) | (4 289) | (24 569) | (10 798) | -------------------------------------------------------------------------------- | Currency exchange loss | 94 | 35 | 34 | 24 | -------------------------------------------------------------------------------- | Other financial income | 2 504 | 4 742 | 3 552 | 5 559 | -------------------------------------------------------------------------------- | Other financial expenses | (152) | (6) | (3 653) | (1 268) | -------------------------------------------------------------------------------- | Net finance costs | (11 798) | 571 | (21 171) | (5 767) | -------------------------------------------------------------------------------- | Share of profit (loss )of | (388) | (641) | 996 | (342) | | associates | | | | | -------------------------------------------------------------------------------- | Profit before income tax | 22 580 | 32 989 | 99 284 | 98 346 | -------------------------------------------------------------------------------- | Income tax expense | 963 | (1 151) | 7 174 | 4 204 | -------------------------------------------------------------------------------- | PROFIT FOR THE YEAR | 21 617 | 34 140 | 92 110 | 94 142 | -------------------------------------------------------------------------------- | Attributable to: | | | | | -------------------------------------------------------------------------------- | Equity holders of the Group | 21 517 | 34 615 | 91 671 | 92 165 | -------------------------------------------------------------------------------- | Minority interest | 100 | (475) | 439 | 1 977 | -------------------------------------------------------------------------------- | Basic and diluted earnings | 1,13 | 2,02 | 5,00 | 7,10 | | per share for profit | | | | | | attributale to the equity | | | | | | holders of the Company | | | | | -------------------------------------------------------------------------------- INCOME STATEMENT (unaudited) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | 4 quarter | 12 months | -------------------------------------------------------------------------------- | 2007 | 2006 | 2007 | 2006 | -------------------------------------------------------------------------------- | th EUR | | -------------------------------------------------------------------------------- | Sales | 23 348 | 17 078 | 73 496 | 59 493 | -------------------------------------------------------------------------------- | Costs of sales | 17 861 | 13 235 | 54 607 | 44 216 | -------------------------------------------------------------------------------- | Gross margin | 5 487 | 3 843 | 18 889 | 15 277 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Distribution costs | 379 | 491 | 3 115 | 2 527 | -------------------------------------------------------------------------------- | Administrative expenses | 3 104 | 1 637 | 8 562 | 6 807 | -------------------------------------------------------------------------------- | Other income | 432 | 473 | 771 | 1 039 | -------------------------------------------------------------------------------- | Other expenses | 214 | 75 | 350 | 305 | -------------------------------------------------------------------------------- | Operating profit | 2 222 | 2 113 | 7 633 | 6 677 | -------------------------------------------------------------------------------- | Interest income | 30 | 6 | 221 | 46 | -------------------------------------------------------------------------------- | Interest expenses | (941) | (274) | (1 570) | (690) | -------------------------------------------------------------------------------- | Currency exchange loss | 6 | 2 | 2 | 2 | -------------------------------------------------------------------------------- | Other financial income | 160 | 303 | 227 | 355 | -------------------------------------------------------------------------------- | Other financial expenses | (10) | 0 | (233) | (81) | -------------------------------------------------------------------------------- | Net finance costs | (755) | 37 | (1 353) | (368) | -------------------------------------------------------------------------------- | Share of profit (loss )of | (25) | (41) | 64 | (22) | | associates | | | | | -------------------------------------------------------------------------------- | Profit before income tax | 1 442 | 2 109 | 6 344 | 6 287 | -------------------------------------------------------------------------------- | Income tax expense | 62 | (74) | 458 | 269 | -------------------------------------------------------------------------------- | PROFIT FOR THE YEAR | 1 380 | 2 183 | 5 886 | 6 018 | -------------------------------------------------------------------------------- | Attributable to: | | | | | -------------------------------------------------------------------------------- | Equity holders of the Group | 1 374 | 2 213 | 5 858 | 5 892 | -------------------------------------------------------------------------------- | Minority interest | 6 | (30) | 28 | 126 | -------------------------------------------------------------------------------- | Basic and diluted earnings | 0,07 | 0,13 | 0,32 | 0,45 | | per share for profit | | | | | | attributale to the equity | | | | | | holders of the Company | | | | | -------------------------------------------------------------------------------- REVENUE BY SEGMENT -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Revenue | -------------------------------------------------------------------------------- | 2007 12 months | 2006 12 months | Change | -------------------------------------------------------------------------------- | th EEK | | -------------------------------------------------------------------------------- | online media | 58 470 | 5 501 | 963% | -------------------------------------------------------------------------------- | Periodicals* | 531 542 | 427 765 | 24% | -------------------------------------------------------------------------------- | printing services | 385 787 | 341 507 | 13% | -------------------------------------------------------------------------------- | book sales | 187 800 | 157 998 | 19% | -------------------------------------------------------------------------------- | information services | 66 350 | 62 921 | 5% | -------------------------------------------------------------------------------- | unallocated | 2 009 | 1 352 | - | -------------------------------------------------------------------------------- | intersegment eliminations | (81 996) | (66 183) | - | -------------------------------------------------------------------------------- | TOTAL | 1 149 962 | 930 861 | 24% | -------------------------------------------------------------------------------- *proportional part from joint ventures REVENUE BY SEGMENT -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Revenue | -------------------------------------------------------------------------------- | 2007 12 months | 2006 12 months | Change | -------------------------------------------------------------------------------- | th EUR | | -------------------------------------------------------------------------------- | online media | 3 737 | 352 | 963% | -------------------------------------------------------------------------------- | Periodicals* | 33 972 | 27 339 | 24% | -------------------------------------------------------------------------------- | printing services | 24 656 | 21 826 | 13% | -------------------------------------------------------------------------------- | book sales | 12 003 | 10 098 | 19% | -------------------------------------------------------------------------------- | information services | 4 241 | 4 021 | 5% | -------------------------------------------------------------------------------- | unallocated | 128 | 86 | - | -------------------------------------------------------------------------------- | intersegment eliminations | (5 241) | (4 229) | - | -------------------------------------------------------------------------------- | TOTAL | 73 496 | 59 493 | 24% | -------------------------------------------------------------------------------- *proportional part from joint ventures REVENUE BY SEGMENT -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Revenue | -------------------------------------------------------------------------------- | 2007 4 quarter | 2006 4 quarter | Change | -------------------------------------------------------------------------------- | th EEK | | -------------------------------------------------------------------------------- | online media | 41 721 | 1 340 | 3014% | -------------------------------------------------------------------------------- | Periodicals* | 160 951 | 118 622 | 36% | -------------------------------------------------------------------------------- | printing services | 106 854 | 91 556 | 17% | -------------------------------------------------------------------------------- | book sales | 64 260 | 50 160 | 28% | -------------------------------------------------------------------------------- | information services | 16 305 | 24 471 | -33% | -------------------------------------------------------------------------------- | unallocated | 713 | 385 | 85% | -------------------------------------------------------------------------------- | intersegment eliminations | (25 488) | (19 314) | - | -------------------------------------------------------------------------------- | TOTAL | 365 316 | 267 220 | 37% | -------------------------------------------------------------------------------- *proportional part from joint ventures REVENUE BY SEGMENT -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Revenue | -------------------------------------------------------------------------------- | 2007 4 quarter | 2006 4 quarter | Change | -------------------------------------------------------------------------------- | th EUR | | -------------------------------------------------------------------------------- | online media | 2 666 | 86 | 3014% | -------------------------------------------------------------------------------- | Periodicals* | 10 287 | 7 581 | 36% | -------------------------------------------------------------------------------- | printing services | 6 829 | 5 851 | 17% | -------------------------------------------------------------------------------- | book sales | 4 107 | 3 206 | 28% | -------------------------------------------------------------------------------- | information services | 1 042 | 1 564 | -33% | -------------------------------------------------------------------------------- | unallocated | 46 | 25 | 85% | -------------------------------------------------------------------------------- | intersegment eliminations | (1 629) | (1 235) | - | -------------------------------------------------------------------------------- | TOTAL | 23 348 | 17 078 | 37% | -------------------------------------------------------------------------------- *proportional part from joint ventures EBITDA BY SEGMENT -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EBITDA | -------------------------------------------------------------------------------- | 2007 12 months | 2006 12 months | Change | -------------------------------------------------------------------------------- | th EEK | | -------------------------------------------------------------------------------- | online media | 20 089 | (315) | - | -------------------------------------------------------------------------------- | Periodicals*/** | 62 516 | 60 239 | 4% | -------------------------------------------------------------------------------- | printing services | 72 908 | 66 470 | 10% | -------------------------------------------------------------------------------- | book sales | 8 650 | 6 278 | 38% | -------------------------------------------------------------------------------- | information services | 8 770 | 10 900 | -20% | -------------------------------------------------------------------------------- | unallocated | (6 975) | (6 117) | - | -------------------------------------------------------------------------------- | intersegment eliminations | (6 686) | (1 884) | - | -------------------------------------------------------------------------------- | TOTAL | 159 272 | 135 571 | 17% | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- *proportional part from joint ventures ** 2006. includes income 3.4 million kroons (0.2 million euros) from the sale of 50% shares in Linnaleht EBITDA BY SEGMENT -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EBITDA | -------------------------------------------------------------------------------- | 2007 12 months | 2006 12 months | Change | -------------------------------------------------------------------------------- | th EUR | | -------------------------------------------------------------------------------- | online media | 1 284 | (20) | - | -------------------------------------------------------------------------------- | Periodicals*/** | 3 995 | 3 850 | 4% | -------------------------------------------------------------------------------- | printing services | 4 660 | 4 248 | 10% | -------------------------------------------------------------------------------- | book sales | 553 | 401 | 38% | -------------------------------------------------------------------------------- | information services | 560 | 697 | -20% | -------------------------------------------------------------------------------- | unallocated | (446) | (391) | - | -------------------------------------------------------------------------------- | intersegment eliminations | (427) | (120) | - | -------------------------------------------------------------------------------- | TOTAL | 10 179 | 8 665 | 17% | -------------------------------------------------------------------------------- *proportional part from joint ventures ** 2006. includes income 3.4 million kroons (0.2 million euros) from the sale of 50% shares in Linnaleht EBITDA BY SEGMENT -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EBITDA | -------------------------------------------------------------------------------- | 2007 4 quarter | 2006 4 quarter | Change | -------------------------------------------------------------------------------- | th EEK | | -------------------------------------------------------------------------------- | online media | 13 396 | (775) | - | -------------------------------------------------------------------------------- | Periodicals* | 17 899 | 14 349 | 25% | -------------------------------------------------------------------------------- | printing services | 21 072 | 16 281 | 29% | -------------------------------------------------------------------------------- | book sales | 4 225 | 3 033 | 39% | -------------------------------------------------------------------------------- | information services | (236) | 6 613 | - | -------------------------------------------------------------------------------- | unallocated | (2 495) | 2 833 | - | -------------------------------------------------------------------------------- | intersegment eliminations | (4 863) | (818) | - | -------------------------------------------------------------------------------- | TOTAL | 48 998 | 41 516 | 18% | -------------------------------------------------------------------------------- *proportional part from joint ventures EBITDA BY SEGMENT -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EBITDA | -------------------------------------------------------------------------------- | 2007 4 quarter | 2006 4 quarter | Change | -------------------------------------------------------------------------------- | th EUR | | -------------------------------------------------------------------------------- | online media | 856 | (50) | - | -------------------------------------------------------------------------------- | Periodicals* | 1 144 | 917 | 25% | -------------------------------------------------------------------------------- | printing services | 1 347 | 1 041 | 29% | -------------------------------------------------------------------------------- | book sales | 270 | 194 | 39% | -------------------------------------------------------------------------------- | information services | (15) | 423 | - | -------------------------------------------------------------------------------- | unallocated | (159) | 181 | - | -------------------------------------------------------------------------------- | intersegment eliminations | (311) | (53) | - | -------------------------------------------------------------------------------- | TOTAL | 3 132 | 2 653 | 18% | -------------------------------------------------------------------------------- *proportional part from joint ventures REVENUE BY GROUP COMPANIES* -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Revenue | -------------------------------------------------------------------------------- | 2007 | 2006 | Change | -------------------------------------------------------------------------------- | th EEK | | -------------------------------------------------------------------------------- | Eesti Ekspressi Kirjastuse AS | 143 101 | 121 432 | 18% | -------------------------------------------------------------------------------- | AS Delfi | 130 043 | 89 299 | 46% | -------------------------------------------------------------------------------- | AS Printall | 385 787 | 341 507 | 13% | -------------------------------------------------------------------------------- | AS Maaleht | 59 848 | 52 775 | 13% | -------------------------------------------------------------------------------- | UAB Ekspress Leidyba | 67 692 | 54 806 | 24% | -------------------------------------------------------------------------------- | Rahva Raamat AS | 187 800 | 157 998 | 19% | -------------------------------------------------------------------------------- | OÜ Netikuulutused | 5 667 | 5 329 | 6% | -------------------------------------------------------------------------------- | AS Ekspress Hotline | 66 332 | 62 910 | 5% | -------------------------------------------------------------------------------- | Eesti Päevalehe AS** | 175 766 | 133 034 | 32% | -------------------------------------------------------------------------------- | AS SL Õhtuleht** | 157 640 | 138 019 | 14% | -------------------------------------------------------------------------------- | AS Express Post** | 72 133 | 49 233 | 47% | -------------------------------------------------------------------------------- | AS Ajakirjade Kirjastus** | 229 679 | 198 465 | 16% | -------------------------------------------------------------------------------- | AS Linnaleht | 32 294 | 23 905 | 35% | -------------------------------------------------------------------------------- | UAB Medipresa | 129 135 | 97 476 | 32% | -------------------------------------------------------------------------------- *with intergroup transactions **joint ventures 100% REVENUE BY GROUP COMPANIES* -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Revenue | -------------------------------------------------------------------------------- | 2007 | 2006 | Change | -------------------------------------------------------------------------------- | th EUR | | -------------------------------------------------------------------------------- | Eesti Ekspressi Kirjastuse AS | 9 146 | 7 761 | 18% | -------------------------------------------------------------------------------- | AS Delfi | 8 311 | 5 707 | 46% | -------------------------------------------------------------------------------- | AS Printall | 24 656 | 21 826 | 13% | -------------------------------------------------------------------------------- | AS Maaleht | 3 825 | 3 373 | 13% | -------------------------------------------------------------------------------- | UAB Ekspress Leidyba | 4 326 | 3 503 | 24% | -------------------------------------------------------------------------------- | Rahva Raamat AS | 12 003 | 10 098 | 19% | -------------------------------------------------------------------------------- | OÜ Netikuulutused | 362 | 341 | 6% | -------------------------------------------------------------------------------- | AS Ekspress Hotline | 4 239 | 4 021 | 5% | -------------------------------------------------------------------------------- | Eesti Päevalehe AS**/*** | 11 233 | 8 502 | 32% | -------------------------------------------------------------------------------- | AS SL Õhtuleht** | 10 075 | 8 821 | 14% | -------------------------------------------------------------------------------- | AS Express Post** | 4 610 | 3 147 | 47% | -------------------------------------------------------------------------------- | AS Ajakirjade Kirjastuse ** | 14 679 | 12 684 | 16% | -------------------------------------------------------------------------------- | AS Linnaleht | 2 064 | 1 528 | 35% | -------------------------------------------------------------------------------- | UAB Medipresa | 8 253 | 6 230 | 32% | -------------------------------------------------------------------------------- *with intergroup transactions **joint ventures 100% OPERATING PROFIT BY GROUP COMPANIES (EBIT)* -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating profit | -------------------------------------------------------------------------------- | 2007 | 2006 | Change | -------------------------------------------------------------------------------- | th EEK | | -------------------------------------------------------------------------------- | Eesti Ekspressi Kirjastuse AS | 25 290 | 19 620 | 29% | -------------------------------------------------------------------------------- | AS Delfi | 39 158 | 28 135 | 39% | -------------------------------------------------------------------------------- | AS Printall | 51 516 | 47 363 | 9% | -------------------------------------------------------------------------------- | AS Maaleht | 4 465 | 3 439 | 30% | -------------------------------------------------------------------------------- | UAB Ekspress Leidyba | (2 262) | 2 529 | - | -------------------------------------------------------------------------------- | Rahva Raamat AS | 6 067 | 4 666 | 30% | -------------------------------------------------------------------------------- | OÜ Netikuulutused | 1 690 | 253 | 568% | -------------------------------------------------------------------------------- | AS Ekspress Hotline | 10 441 | 9 046 | 15% | -------------------------------------------------------------------------------- | Eesti Päevalehe AS**/*** | 3 925 | 6 686 | -41% | -------------------------------------------------------------------------------- | AS SL Õhtuleht** | 31 661 | 28 871 | 10% | -------------------------------------------------------------------------------- | AS Express Post** | 2 854 | (468) | - | -------------------------------------------------------------------------------- | AS Ajakirjade Kirjastuse ** | 20 447 | 24 301 | -16% | -------------------------------------------------------------------------------- | AS Linnaleht | 981 | (4 203) | - | -------------------------------------------------------------------------------- | UAB Medipresa | 1 901 | 415 | 358% | -------------------------------------------------------------------------------- *with intergroup transactions **joint ventures 100% *** includes income 6.7 million kroons (0.4 million euros) from the sale of 50% shares in Linnaleht OPERATING PROFIT BY GROUP COMPANIES (EBIT)* -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating profit | -------------------------------------------------------------------------------- | 2007 | 2006 | Change | -------------------------------------------------------------------------------- | th EUR | | -------------------------------------------------------------------------------- | Eesti Ekspressi Kirjastuse AS | 1 616 | 1 254 | 29% | -------------------------------------------------------------------------------- | AS Delfi | 2 503 | 1 798 | 39% | -------------------------------------------------------------------------------- | AS Printall | 3 292 | 3 027 | 9% | -------------------------------------------------------------------------------- | AS Maaleht | 285 | 220 | 30% | -------------------------------------------------------------------------------- | UAB Ekspress Leidyba | (145) | 162 | - | -------------------------------------------------------------------------------- | Rahva Raamat AS | 388 | 298 | 30% | -------------------------------------------------------------------------------- | OÜ Netikuulutused | 108 | 16 | 568% | -------------------------------------------------------------------------------- | AS Ekspress Hotline | 667 | 578 | 15% | -------------------------------------------------------------------------------- | Eesti Päevalehe AS**/*** | 251 | 427 | -41% | -------------------------------------------------------------------------------- | AS SL Õhtuleht** | 2 024 | 1 845 | 10% | -------------------------------------------------------------------------------- | AS Express Post** | 182 | (30) | - | -------------------------------------------------------------------------------- | AS Ajakirjade Kirjastuse ** | 1 307 | 1 553 | -16% | -------------------------------------------------------------------------------- | AS Linnaleht | 63 | (269) | - | -------------------------------------------------------------------------------- | UAB Medipresa | 121 | 27 | 358% | -------------------------------------------------------------------------------- *with intergroup transactions **joint ventures 100% *** includes income 6.7 million kroons (0.4 million euros) from the sale of 50% shares in Linnaleht Further information: Priit Leito Chairman of the Management Board of AS Ekspress Grupp E-mail: priit.leito@ekspress.ee Tel: 669 8340