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AS Ekspress Grupp
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529900B52V1TUMW7FS54
Emitendi suuruskategooria
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Majandustegevusalad
Kutse-, teadus- ja tehnikaalane tegevus
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
2811
Manused
Esitamise kuupäev ja aeg
30.07.2010 09:31:47
Teate sisu eesti keeles
Pealkiri
2010. aasta II kvartali ja I poolaasta konsolideeritud vahearuanne
Teade
Olulisemad finantsnäitajad EEK -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EEK | -------------------------------------------------------------------------------- | I pa 2010 | I pa 2009 | -------------------------------------------------------------------------------- | Finantsnäitajad (tuhandetes) | | EEK | -------------------------------------------------------------------------------- | Perioodi kohta | | | | -------------------------------------------------------------------------------- | Müügitulu | 394 123 | 427 153 | -7,7% | -------------------------------------------------------------------------------- | Brutokasum | 85 437 | 84 294 | 1,4% | -------------------------------------------------------------------------------- | EBITDA | 52 375 | 39 850 | 31,4% | -------------------------------------------------------------------------------- | Ärikasum/-kahjum | 26 381 | 12 520 | 110,9% | -------------------------------------------------------------------------------- | Perioodi puhaskasum/-kahjum | (1 014) | (13 487) | 92,6% | -------------------------------------------------------------------------------- | | 30.06.2010 | 30.06.2009 | | -------------------------------------------------------------------------------- | Käibevara | 232 121 | 231 089 | 0,5% | -------------------------------------------------------------------------------- | Põhivara | 1 130 467 | 1 398 615 | -19,2% | -------------------------------------------------------------------------------- | Varad kokku | 1 362 588 | 1 629 704 | -16,4% | -------------------------------------------------------------------------------- | Lühiajalised kohustused | 230 842 | 378 108 | -38,9% | -------------------------------------------------------------------------------- | Pikaajalised kohustused | 566 328 | 625 648 | -9,5% | -------------------------------------------------------------------------------- | Kohustused kokku | 797 170 | 1 003 756 | -20,6% | -------------------------------------------------------------------------------- | Omakapital | 565 418 | 625 948 | -9,7% | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Olulisemad finantsnäitajad EUR -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR | -------------------------------------------------------------------------------- | I pa 2010 | I pa 2009 | -------------------------------------------------------------------------------- | Finantsnäitajad (tuhandetes) | | EUR | -------------------------------------------------------------------------------- | Perioodi kohta | | | | -------------------------------------------------------------------------------- | Müügitulu | 25 189 | 27 300 | -7,7% | -------------------------------------------------------------------------------- | Brutokasum | 5 460 | 5 387 | 1,4% | -------------------------------------------------------------------------------- | EBITDA | 3 347 | 2 547 | 31,4% | -------------------------------------------------------------------------------- | Ärikasum/-kahjum | 1 687 | 800 | 110,9% | -------------------------------------------------------------------------------- | Perioodi puhaskasum/-kahjum | (64) | (862) | 92,6% | -------------------------------------------------------------------------------- | | 30.06.2010 | 30.06.2009 | | -------------------------------------------------------------------------------- | Käibevara | 14 836 | 14 768 | 0,5% | -------------------------------------------------------------------------------- | Põhivara | 72 249 | 89 389 | -19,2% | -------------------------------------------------------------------------------- | Varad kokku | 87 085 | 104 157 | -16,4% | -------------------------------------------------------------------------------- | Lühiajalised kohustused | 14 753 | 24 165 | -38,9% | -------------------------------------------------------------------------------- | Pikaajalised kohustused | 36 195 | 39 987 | -9,5% | -------------------------------------------------------------------------------- | Kohustused kokku | 50 948 | 64 152 | -20,6% | -------------------------------------------------------------------------------- | Omakapital | 36 137 | 40 005 | -9,7% | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Suhtarvud (%) | | I pa 2010 | I pa 2009 | -------------------------------------------------------------------------------- | Müügitulu kasv (%) | -7,7% | -22,7% | -------------------------------------------------------------------------------- | Brutorentaablus (%) | 21,7% | 19,7% | -------------------------------------------------------------------------------- | Puhasrentaablus (%) | -0,3% | -3,2% | -------------------------------------------------------------------------------- | Omakapitali osakaal (%) | 41,5% | 38,4% | -------------------------------------------------------------------------------- | Varade tootlus (%) | -0,1% | -1,6% | -------------------------------------------------------------------------------- | Omakapitali tootlus (%) | -0,5% | -4,3% | -------------------------------------------------------------------------------- | EBITDA marginaal (%) | 13,3% | 9,3% | -------------------------------------------------------------------------------- | Ärirentaablus (%) | 6,7% | 2,9% | -------------------------------------------------------------------------------- | Likviidsuskordaja | 1,0 | 0,6 | -------------------------------------------------------------------------------- | Võla ja omakapitali suhe (%) | 122,4% | 132,0% | -------------------------------------------------------------------------------- | Finantsvõimendus (%) | 48,9% | 54,1% | -------------------------------------------------------------------------------- | Puhaskasum aktsia kohta | 0,41 | 0,20 | | EEK | | | -------------------------------------------------------------------------------- | Puhaskasum aktsia kohta | 0,03 | 0,01 | | EUR | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müügitulu kasv (%) | (müügitulu 6 kuud 2010 - müügitulu 6 kuud 2009) | | | / müügitulu 6 kuud 2009*100 | -------------------------------------------------------------------------------- | Brutorentaablus (%) | 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 | -------------------------------------------------------------------------------- | EBITDA marginaal (%) | EBITDA/müügitulu*100 | -------------------------------------------------------------------------------- | Ärirentaablus (%) | ärikasum/müügitulu*100 | -------------------------------------------------------------------------------- | Likviidsuskordaja | käibevara/lühiajalised kohustused | -------------------------------------------------------------------------------- | Võla ja omakapitali suhe | intressi kandvad võlakohustused/omakapital*100 | | (%) | | -------------------------------------------------------------------------------- | Finantsvõimendus (%) | intressi kandvad võlakohustused-raha ja raha | | | ekvivalendid/ intressi kandvad | | | võlakohustused+omakapital*100 | -------------------------------------------------------------------------------- 2010. aasta teises kvartalis teenis Ekspress Grupp EBITDA-d 34,5 miljonit krooni (2,2 miljonit eurot), puhaskasum oli 10,8 miljonit krooni (0,7 miljonit eurot). Võrreldes 2009. aasta teise kvartali normaliseeritud tulemusega (ilma erakorralise kasumita ristsõnade avaldamise äritegevuse müügist Leedus ning kasumist seoses lõpetatud tegevusvaldkondadega Rahva Raamat ja Ekspress Hotline) on EBITDA 2010. aasta teises kvartalis paranenud 2%. Esimesel poolaastal teenis ettevõte 31% võrra parema normaliseeritud EBITDA (ilma erakorralise kasumi ja lõpetatud tegevusvaldkondadeta) võrreldes möödunud aastaga ja ületas juhtkonna prognoosid 26% võrra. EBITDA marginaal paranes teises kvartalis kõikides segmentides võrreldes möödunud aastaga. Trükiteenuste segmendis kasvas marginaal 20,5%-lt 22,8%-ni. perioodiliste väljaannete puhul 7,9%-lt 11,8%-ni ja online-meedia segmendis 11,1%-lt 19,4-%ni. Teise kvartali hea tulemus tuleneb kulude kokkuhoiust, mida on rakendatud alates 2009. aastast. olulisest tulude paranemisest online-meedia segmendis ning trükiteenuste segmendi kasvust eksporditurgudel. Online-meedia segmendis saavutati teises kvartalis EBITDA summas 7,2 miljonit krooni (0,5 miljonit eurot), mis on 99% võrra parem tulemus kui möödunud aastal. Kuna online-reklaami müügitulu on kõikides riikides esimesel poolaastal kasvanud, ja seda peamiselt teises kvartalis, on see otseselt aidanud kaasa ettevõtte EBITDA kasvule, kuna kasumimargimaal täiendavast tulust online-meedia segmendis on erakordselt kõrge. Delfi Eesti tegevus jäi möödunud aasta tasemele. Läti tegevus väikesesse, kuid kahanevasse kahjumisse. Delfi Leedu tegevus on suurendanud EBITDA-d 148% võrreldes eelmise aasta sama perioodiga. Leedu EBITDA marginaal kasvas teises kvartalis 37,6%-ni. Ukraina tegevus on endiselt arenguetapis ja juhtkond loodab reklaamitulu kasvu algust teisel poolaastal. Üldiselt on online-meedia segment astunud suure sammu edasi enam kui 20%-lisest tulu kahanemisest 2009. aasta neljandas kvartalis (võrreldes 2008. aasta sama perioodiga), suurenedes 2010. aasta teises kvartalis 14%-ni. Perioodiliste väljaannete segmendi tulem jäi teises kvartalis eelmise aasta sama perioodiga võrreldes samale tasemele (2009 aastal normaliseeritud EBITDA), saavutades EBITDA summas 8,5 miljonit krooni (0,5 miljonit eurot), kuigi müügitulu langes teises kvartalis 15% ja esimesel poolaastal kokku 18%. Tulemi säilimise peamiseks põhjuseks on efektiivsuse kasv tänu palga- ja personalikulude kokkuhoiule 2009. aastal. Perioodiliste väljaannete segmendis on Eesti Ajalehed AS (nädalalehtede Eesti Ekspress ja Maaleht väljaandja) parandanud EBITDA-d 178% võrreldes eelmise aastaga, teenides teises kvartalis 4,2 miljonit krooni (0,3 miljonit eurot ). Reklaamitulu oli teises kvartalis 11% väiksem kui 2009. aasta teises kvartalis ning esimesel poolaastal tervikuna 14% väiksem kui 2009.aastal, üksikmüük vähenes vastavalt 13% ja 14%. Tellimistulu kasvas teises kvartalis 1% ja oli esimesel poolaastal tervikuna võrreldav 2009. aastaga. Teises kvartalis pidi tabloidajalehe Õhtuleht väljaandja leppima eelmise aasta tulemusele alla jäämisega, kuid teenis teises kvartalis siiski positiivse EBITDA summas 3,2 miljonit krooni (0,2 miljonit eurot). Reklaamitulu langes teises kvartalis 21% nagu ka esimeses kvartalis. Üksikmüügi tulu langes teises kvartalis 12% ja esimesel poolaastal tervikuna 16%. Tellimistulu kahanes teises kvartalis 9% ja esimesel poolaastal tervikuna 10%. Päevalehe väljaandja Eesti Päevalehe AS teenis teises kvartalis positiivse EBITDA summas 70,7 tuhat krooni (4,5 tuhat eurot), kuid esimesel poolaastal tervikuna negatiivse EBITDA summas 5,8 miljonit krooni (0,4 miljonit eurot). Teises kvartalis langes reklaamitulu 22%. üksikmüük 20% ja tellimuste müük 10%. ASil Ajakirjade Kirjastus vähenes reklaamitulu teises kvartalis 16% , kuid ettevõttel õnnestus säilitada positiivne EBITDA summas 1,5 miljonit krooni (0,1 miljonit eurot). mis on 50% võrra parem võrreldes eelmise aasta sama perioodiga. Üksikmüügi vähenemine oli 14%. kuid tellimused kasvasid 2%. Leedu ajakirjade kirjastaja Ekspress Leidyba sai teises kvartalis positiivse tulem, teenides 614,1 tuhat krooni (39,2 tuhat eurot), mis on 224% võrra parem tulemus võrreldes eelmise aasta sama perioodiga (normaliseeritud EBITDA ilma erakorralise kasumita). Samal ajal langes reklaamitulu 3, üksikmüük 37% ja tellimuste müük 27% võrreldes 2009. aasta sama perioodiga. Teises kvartalis olid perioodiliste väljaannete segmendis kõige aktiivsemad reklaamikliendid jaemüüjad, autode müügiga tegelevad ettevõtted ja telekommunikatsiooniettevõtted. Kuigi segmendi müügitulu on pidevalt langenud, on langus möödunud aastaga võrreldes aeglustunud. Kui 2009. aasta neljandas kvartalis kahanes müügitulu keskmiselt 31% võrreldes sama perioodiga eelmisel aastal, siis 2010. aasta alguses aeglustus langus keskmiselt 22%-ni esimeses kvartalis ja keskmiselt 15%-ni teises kvartalis, ulatudes 12%-ni eelmisel kuul. Vaatamata müügitulu langusele suutsid ettevõtted teenida 2010. aasta teises kvartalis enamasti positiivset EBITDA-d peamiselt tänu suuremale efektiivsusele. See võimaldab juhtkonnal olla optimistlik perioodiliste väljaannete segmendi marginaalide paranemise osas teisel poolaastal, peamiselt neljandas kvartalis kuna kolmas kvartal on kahe suvekuu tõttu madala reklaamiaktiivsuse periood. Trükiteenuste segmendis saavutas Printall 10% kõrgema EBITDA kui möödunud aasta teises kvartalis. teenides 21,2 miljonit krooni (1,4 miljonit eurot) ja ületades ettevõttesiseseid prognoose 18% võrra. Esimesel poolaastal tervikuna kasvas EBITDA 21%. See on tingitud põhiliselt müügikasvust eksporditurgudel, kuid jätkub ka tootmise efektiivistamise võimaluste otsimine. Printall on kasvanud peamiselt Skandinaavias, kuid on hakanud sisenema ka Hollandi ja Prantsusmaa turgudele. Nii Skandinaavia kui ka Lääne-Euroopa turgudelt on võidetud perioodiliste väljaannete tellimusi. Venemaa osakaal ekspordis on suvekuudel langenud, Norra ja Taani osa ekspordis on kavanud võrreldes möödunud aastaga. Kokku kasvas eksport 9% võrreldes 2009. aasta teise kvartaliga. Vähenenud on nii Eesti turu kui ka kontsernisisese müügitulu osakaal. Vaatamata edusammudele eksporditurgudel ja stabiilselt kasvavale müügitulule, on endiselt oluline osa tootmisvõimsusest reservis. Üldiselt on juhtkonna prognoos ülejäänud aasta kohta ettevaatlikult optimistlik. tuginedes trükikoja ekspordialase müügitegevuse jätkuvale edule ja paranevale müügitulule online-meedia segmendis. Eeldame ka, et perioodiliste väljaannete reklaamitulu jõuab 2009. aasta tasemele hiljemalt aasta lõpuks. Olulisemad arengud või tegevused 2010. aasta teises kvartalis on olnud järgmised: Delfi Eesti ja Ukraina on võtnud kasutusele uue kujunduse eesmärgiga pakkuda kaasaegsemat lähenemist uudiste ja muu ajakirjandusliku sisu esitamisele. Teisel poolaastal võetakse sama kujunduspõhi aluseks ka ülejäänud turgudel. Delfi Ukraina palkas uue peatoimetaja. Delfi Ukraina avas portaalis uued kategooriad ja jätkab sarnase struktuuri rakendamist nagu teistes riikides. Kõikides riikides on alustatud kasutajate poolt loodud sisu suuremat eksponeerimist. Delfi Eesti ja Ukraina tegevused on selles osas olnud kõige edukamad, olles võimelised saama Delfi tavapärastelt kasutajatelt olulise väärtusega originaalmaterjali. Delfi Eesti käivitas WEB ID projekti. mis võimaldab kasutajatel luua ühe online registreerimiskonto, millega saab logida sisse nii kommenteerimiseks, vihjete ja fotode esitamiseks Rahva Hääle sektsioonis ja hiljem ka e-kaubanduses. Nädalaleht Maaleht võttis kasutusele mobiiltelefonipõhise maksemudeli veebis avaldatud artiklite puhul. Leedu ajakirjade kirjastaja Ekspress Leidyba omandas litsentsi Cosmopolitani kirjastamiseks alates käesoleva aasta juunist. Ettevõte viis lõpule aktsiaemissiooni, mille käigus saadud 123,6 miljonit krooni (7,9 miljonit eurot) kasutatakse järgmise perioodi rahalise puhvrina ja tulevaste investeeringute reservina. Investeeringud Põhivara soetused. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EEK | -------------------------------------------------------------------------------- | I pa 2010 | I pa 2009 | -------------------------------------------------------------------------------- | (tuhandetes) | | -------------------------------------------------------------------------------- | Materiaalse põhivara soetused | | | -------------------------------------------------------------------------------- | Ehitised | 0 | 171 | -------------------------------------------------------------------------------- | Masinad ja seadmed | 387 | 1 282 | -------------------------------------------------------------------------------- | Muu inventar | 1 791 | 3 722 | -------------------------------------------------------------------------------- | Lõpetamata ehitus ja ettemaksed | 0 | 1 125 | -------------------------------------------------------------------------------- | Kokku materiaalse põhivara soetused | 2 178 | 6 300 | -------------------------------------------------------------------------------- | Immateiaalse põhivara soetused | | | -------------------------------------------------------------------------------- | Arenguväljaminekud | 1 166 | 1 671 | -------------------------------------------------------------------------------- | Arvutite tarkvara | 772 | 1 071 | -------------------------------------------------------------------------------- | Ettemaksed | 383 | (102) | -------------------------------------------------------------------------------- | Kokku immateriaalse põhivara soetused | 2 321 | 2 640 | -------------------------------------------------------------------------------- | Põhivara soetused kokku | 4 499 | 8 940 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR | -------------------------------------------------------------------------------- | I pa 2010 | I pa 2009 | -------------------------------------------------------------------------------- | (tuhandetes) | | -------------------------------------------------------------------------------- | Materiaalse põhivara soetused | | | -------------------------------------------------------------------------------- | Ehitised | 0 | 11 | -------------------------------------------------------------------------------- | Masinad ja seadmed | 25 | 82 | -------------------------------------------------------------------------------- | Muu inventar | 115 | 238 | -------------------------------------------------------------------------------- | Lõpetamata ehitus ja ettemaksed | 0 | 72 | -------------------------------------------------------------------------------- | Kokku materiaalse põhivara soetused | 140 | 403 | -------------------------------------------------------------------------------- | Immateiaalse põhivara soetused | | | -------------------------------------------------------------------------------- | Arenguväljaminekud | 75 | 106 | -------------------------------------------------------------------------------- | Arvutite tarkvara | 49 | 68 | -------------------------------------------------------------------------------- | Ettemaksed | 24 | (7) | -------------------------------------------------------------------------------- | Kokku immateriaalse põhivara soetused | 148 | 167 | -------------------------------------------------------------------------------- | Põhivara soetused kokku | 288 | 570 | -------------------------------------------------------------------------------- I poolaasta investeeringud on kõik korralised. et hädavajalikul määral parandada äritegevuses kasutatavaid varasid. Töötajad Ekspress Grupis töötas 2010. aasta 30. juuni seisuga 1 782 inimest (30. juuni 2009: 2 240 inimest). 2010. aasta esimese poolaasta keskmine töötajate arv oli 1 778 (2009. aasta esimese poolaasta keskmine koos lõpetatud tegevusvaldkondade töötajatega: 2 256 ). Ekspress Grupi töötajatele maksti 2010. aasta esimese poolaasta jooksul töötasusid kokku 99,0 miljonit krooni (6,3 miljonit eurot). (2009. aasta esimene poolaastal koos lõpetatud tegevusvaldkondade tööjõukuluga: 137,7 miljonit krooni (8,8 miljonit eurot))*. *ühisettevõtetest proportsionaalne osa Konsolideeritud finantsseisundi aruanne (auditeerimata) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EEK | -------------------------------------------------------------------------------- | 30.06.2010 | 31.12.2009 | 30.06.2009 | -------------------------------------------------------------------------------- | (tuhandetes) | | -------------------------------------------------------------------------------- | VARAD | | | | | -------------------------------------------------------------------------------- | Käibevara | | | | -------------------------------------------------------------------------------- | Raha | 29 944 | 39 953 | 18 642 | -------------------------------------------------------------------------------- | Finantsvarad õiglases | 47 147 | 892 | 1 141 | | väärtuses muutusega läbi | | | | | kasumiaruande | | | | -------------------------------------------------------------------------------- | Nõuded ja ettemaksed | 111 822 | 120 136 | 148 387 | -------------------------------------------------------------------------------- | Varud | 43 208 | 55 160 | 62 919 | -------------------------------------------------------------------------------- | Käibevara kokku | 232 121 | 216 141 | 231 089 | -------------------------------------------------------------------------------- | Varad lõpetatud | 0 | 93 457 | 0 | | tegevusvaldkonnast | | | | -------------------------------------------------------------------------------- | Põhivara | | | | -------------------------------------------------------------------------------- | Nõuded ja ettemaksed | 5 501 | 5 697 | 6 569 | -------------------------------------------------------------------------------- | Investeeringud | 143 | 640 | 505 | | sidusettevõtetesse | | | | -------------------------------------------------------------------------------- | Kinnisvarainvesteeringud | 6 360 | 6 360 | 12 341 | -------------------------------------------------------------------------------- | Materiaalne põhivara (lisa 4) | 314 608 | 345 938 | 375 012 | -------------------------------------------------------------------------------- | Immateriaalne põhivara (lisa | 803 855 | 821 613 | 1 004 188 | | 4) | | | | -------------------------------------------------------------------------------- | Põhivara kokku | 1 130 | 1 180 248 | 1 398 615 | | | 467 | | | -------------------------------------------------------------------------------- | VARAD KOKKU | 1 362 | 1 489 846 | 1 629 704 | | | 588 | | | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL | | | | -------------------------------------------------------------------------------- | Kohustused | | | | -------------------------------------------------------------------------------- | Lühiajalised kohustused | | | | -------------------------------------------------------------------------------- | Laenukohustused (lisa 5) | 76 545 | 143 093 | 151 995 | -------------------------------------------------------------------------------- | Võlad ja ettemaksed | 154 297 | 283 668 | 226 113 | -------------------------------------------------------------------------------- | Lühiajalised kohustused kokku | 230 842 | 426 761 | 378 108 | -------------------------------------------------------------------------------- | Kohustused lõpetatud | 0 | 17 231 | 0 | | tegevusvaldkonnast | | | | -------------------------------------------------------------------------------- | Pikaajalised kohustused | | | | -------------------------------------------------------------------------------- | Pikaajalised laenukohustused | 551 838 | 583 047 | 615 484 | | (lisa 5) | | | | -------------------------------------------------------------------------------- | Muud pikaajalised võlad | 497 | 28 | 609 | -------------------------------------------------------------------------------- | Pikaajalised eraldised | 13 993 | 13 993 | 9 555 | -------------------------------------------------------------------------------- | Pikaajalised kohustused kokku | 566 328 | 597 068 | 625 648 | -------------------------------------------------------------------------------- | Kohustused kokku | 797 170 | 1 041 060 | 1 003 756 | -------------------------------------------------------------------------------- | Omakapital | | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäridele | | | | | kuuluv osa omakapitalist | | | | -------------------------------------------------------------------------------- | Aktsiakapital | 297 968 | 208 488 | 208 488 | -------------------------------------------------------------------------------- | Ülekurss | 223 394 | 192 883 | 192 883 | -------------------------------------------------------------------------------- | Reservid | (313) | (313) | 4 125 | -------------------------------------------------------------------------------- | Jaotamata kasum | 44 791 | 45 805 | 218 410 | -------------------------------------------------------------------------------- | Valuutakursi muutuste reserv | (710) | 1 635 | 1 754 | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäridele | 565 130 | 448 498 | 625 660 | | kuuluv osa omakapitalist kokku | | | | -------------------------------------------------------------------------------- | Vähemusosalus | 288 | 288 | 288 | -------------------------------------------------------------------------------- | Omakapital kokku | 565 418 | 448 786 | 625 948 | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL KOKKU | 1 362 | 1 489 846 | 1 629 704 | | | 588 | | | -------------------------------------------------------------------------------- Konsolideeritud finantsseisundi aruanne (auditeerimata) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR | -------------------------------------------------------------------------------- | 30.06.2010 | 31.12.2009 | 30.06.2009 | -------------------------------------------------------------------------------- | (tuhandetes) | | -------------------------------------------------------------------------------- | VARAD | | | | | -------------------------------------------------------------------------------- | Käibevara | | | | -------------------------------------------------------------------------------- | Raha | 1 914 | 2 553 | 1 191 | -------------------------------------------------------------------------------- | Finantsvarad õiglases | 3 013 | 57 | 73 | | väärtuses muutusega läbi | | | | | kasumiaruande | | | | -------------------------------------------------------------------------------- | Nõuded ja ettemaksed | 7 148 | 7 677 | 9 483 | -------------------------------------------------------------------------------- | Varud | 2 761 | 3 525 | 4 021 | -------------------------------------------------------------------------------- | Käibevara kokku | 14 836 | 13 812 | 14 768 | -------------------------------------------------------------------------------- | Varad lõpetatud | 0 | 5 973 | 0 | | tegevusvaldkonnast | | | | -------------------------------------------------------------------------------- | Põhivara | | | | -------------------------------------------------------------------------------- | Nõuded ja ettemaksed | 351 | 364 | 421 | -------------------------------------------------------------------------------- | Investeeringud | 9 | 41 | 32 | | sidusettevõtetesse | | | | -------------------------------------------------------------------------------- | Kinnisvarainvesteeringud | 406 | 406 | 789 | -------------------------------------------------------------------------------- | Materiaalne põhivara (lisa 4) | 20 107 | 22 109 | 23 968 | -------------------------------------------------------------------------------- | Immateriaalne põhivara (lisa | 51 376 | 52 511 | 64 179 | | 4) | | | | -------------------------------------------------------------------------------- | Põhivara kokku | 72 249 | 75 431 | 89 389 | -------------------------------------------------------------------------------- | VARAD KOKKU | 87 085 | 95 216 | 104 157 | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL | | | | -------------------------------------------------------------------------------- | Kohustused | | | | -------------------------------------------------------------------------------- | Lühiajalised kohustused | | | | -------------------------------------------------------------------------------- | Laenukohustused (lisa 5) | 4 892 | 9 145 | 9 714 | -------------------------------------------------------------------------------- | Võlad ja ettemaksed | 9 861 | 18 130 | 14 451 | -------------------------------------------------------------------------------- | Lühiajalised kohustused kokku | 14 753 | 27 275 | 24 165 | -------------------------------------------------------------------------------- | Kohustused lõpetatud | 0 | 1 101 | 0 | | tegevusvaldkonnast | | | | -------------------------------------------------------------------------------- | Pikaajalised kohustused | | | | -------------------------------------------------------------------------------- | Pikaajalised laenukohustused | 35 269 | 37 263 | 39 337 | | (lisa 5) | | | | -------------------------------------------------------------------------------- | Muud pikaajalised võlad | 32 | 2 | 39 | -------------------------------------------------------------------------------- | Pikaajalised eraldised | 894 | 894 | 611 | -------------------------------------------------------------------------------- | Pikaajalised kohustused kokku | 36 195 | 38 159 | 39 987 | -------------------------------------------------------------------------------- | Kohustused kokku | 50 948 | 66 535 | 64 152 | -------------------------------------------------------------------------------- | Omakapital | | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäridele | | | | | kuuluv osa omakapitalist | | | | -------------------------------------------------------------------------------- | Aktsiakapital | 19 044 | 13 325 | 13 325 | -------------------------------------------------------------------------------- | Ülekurss | 14 277 | 12 327 | 12 327 | -------------------------------------------------------------------------------- | Reservid | (20) | (20) | 264 | -------------------------------------------------------------------------------- | Jaotamata kasum | 2 863 | 2 927 | 13 959 | -------------------------------------------------------------------------------- | Valuutakursi muutuste reserv | (45) | 104 | 112 | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäridele | 36 119 | 28 663 | 39 987 | | kuuluv osa omakapitalist kokku | | | | -------------------------------------------------------------------------------- | Vähemusosalus | 18 | 18 | 18 | -------------------------------------------------------------------------------- | Omakapital kokku | 36 137 | 28 681 | 40 005 | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL KOKKU | 87 085 | 95 216 | 104 157 | -------------------------------------------------------------------------------- Konsolideeritud koondkasumiaruanne (auditeerimata) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EEK | -------------------------------------------------------------------------------- | II kv 2010 | II kv 2009 | -------------------------------------------------------------------------------- | (tuhandetes) | | -------------------------------------------------------------------------------- | Müügitulu | 211 054 | 220 023 | -------------------------------------------------------------------------------- | Müüdud toodangu kulu | 158 529 | 170 186 | -------------------------------------------------------------------------------- | Brutokasum | 52 525 | 49 837 | -------------------------------------------------------------------------------- | Turunduskulud | 8 910 | 9 483 | -------------------------------------------------------------------------------- | Üldhalduskulud | 23 258 | 26 468 | -------------------------------------------------------------------------------- | Muud äritulud | 2 004 | 5 888 | -------------------------------------------------------------------------------- | Muud ärikulud | 796 | 474 | -------------------------------------------------------------------------------- | Ärikasum | 21 565 | 19 300 | -------------------------------------------------------------------------------- | Intressitulud | 68 | 410 | -------------------------------------------------------------------------------- | Intressikulud | (10 969) | (10 994) | -------------------------------------------------------------------------------- | Kasum (kahjum) valuutakursi muutusest | 961 | (224) | -------------------------------------------------------------------------------- | Muud finantstulud | 0 | 70 | -------------------------------------------------------------------------------- | Muud finantskulud | (559) | (175) | -------------------------------------------------------------------------------- | Kokku finantstulud/kulud | (10 499) | (10 913) | -------------------------------------------------------------------------------- | Kasum sidusettevõtete aktsiatelt ja | (228) | 0 | | osadelt | | | -------------------------------------------------------------------------------- | Kasum enne tulumaksustamist | 10 838 | 8 387 | -------------------------------------------------------------------------------- | Tulumaks | 0 | 3 576 | -------------------------------------------------------------------------------- | Kahjum jätkuvatest tegevusvaldkondadest | 10 838 | 4 811 | -------------------------------------------------------------------------------- | Kasum/-kahjum lõpetatud tegevustest | 0 | (705) | -------------------------------------------------------------------------------- | Aruandeperioodi kasum | 10 838 | 4 106 | -------------------------------------------------------------------------------- | Aruandeaasta puhaskasumi/-kahjumi jaotus: | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäride osa | 10 838 | 4 106 | | kasumist/kahjumist | | | -------------------------------------------------------------------------------- | Muu koondkasum/-kahjum | | | -------------------------------------------------------------------------------- | Realiseerimata kursivahed | (583) | 481 | -------------------------------------------------------------------------------- | Muu koondkasum/-kahjum kokku | 10 255 | 4 587 | -------------------------------------------------------------------------------- | Aruandeaasta puhaskasumi/-kahjumi jaotus: | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäride osa kasumist | 10 255 | 4 587 | -------------------------------------------------------------------------------- | Tava- ja lahustunud kasum aktsia kohta | 0,41 | 0,20 | | (lisa 8) | | | -------------------------------------------------------------------------------- Konsolideeritud koondkasumiaruanne (auditeerimata) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EEK | -------------------------------------------------------------------------------- | I pa 2010 | I pa 2009 | -------------------------------------------------------------------------------- | (tuhandetes) | | -------------------------------------------------------------------------------- | Müügitulu | 394 123 | 427 153 | -------------------------------------------------------------------------------- | Müüdud toodangu kulu | 308 686 | 342 859 | -------------------------------------------------------------------------------- | Brutokasum | 85 437 | 84 294 | -------------------------------------------------------------------------------- | Turunduskulud | 17 339 | 20 403 | -------------------------------------------------------------------------------- | Üldhalduskulud | 49 844 | 56 699 | -------------------------------------------------------------------------------- | Muud äritulud | 9 237 | 6 833 | -------------------------------------------------------------------------------- | Muud ärikulud | 1 110 | 1 505 | -------------------------------------------------------------------------------- | Ärikasum | 26 381 | 12 520 | -------------------------------------------------------------------------------- | Intressitulud | 241 | 1 123 | -------------------------------------------------------------------------------- | Intressikulud | (20 616) | (21 829) | -------------------------------------------------------------------------------- | Kasum (kahjum) valuutakursi muutusest | 1 414 | (80) | -------------------------------------------------------------------------------- | Muud finantstulud | 0 | 190 | -------------------------------------------------------------------------------- | Muud finantskulud | (921) | (451) | -------------------------------------------------------------------------------- | Kokku finantstulud/kulud | (19 882) | (21 047) | -------------------------------------------------------------------------------- | Kasum sidusettevõtete aktsiatelt ja | (1 054) | 53 | | osadelt | | | -------------------------------------------------------------------------------- | Kasum enne tulumaksustamist | 5 445 | (8 474) | -------------------------------------------------------------------------------- | Tulumaks | 5 796 | 3 963 | -------------------------------------------------------------------------------- | Kahjum jätkuvatest tegevusvaldkondadest | (351) | (12 437) | -------------------------------------------------------------------------------- | Kasum/-kahjum lõpetatud tegevustest | (663) | (1 050) | -------------------------------------------------------------------------------- | Aruandeperioodi kasum | (1 014) | (13 487) | -------------------------------------------------------------------------------- | Aruandeaasta puhaskasumi/-kahjumi jaotus: | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäride osa | (1 014) | (13 487) | | kasumist/kahjumist | | | -------------------------------------------------------------------------------- | Muu koondkasum/-kahjum | | | -------------------------------------------------------------------------------- | Realiseerimata kursivahed | (2 345) | 401 | -------------------------------------------------------------------------------- | Muu koondkasum/-kahjum kokku | (3 359) | (13 086) | -------------------------------------------------------------------------------- | Aruandeaasta puhaskasumi/-kahjumi jaotus: | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäride osa kasumist | (3 359) | (13 086) | -------------------------------------------------------------------------------- | Tava- ja lahustunud kasum aktsia kohta | (0,04) | (0,65) | | (lisa 8) | | | -------------------------------------------------------------------------------- Konsolideeritud koondkasumiaruanne (auditeerimata) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR | -------------------------------------------------------------------------------- | II kv 2010 | II kv 2009 | -------------------------------------------------------------------------------- | (tuhandetes) | | -------------------------------------------------------------------------------- | Müügitulu | 13 489 | 14 062 | -------------------------------------------------------------------------------- | Müüdud toodangu kulu | 10 132 | 10 877 | -------------------------------------------------------------------------------- | Brutokasum | 3 357 | 3 185 | -------------------------------------------------------------------------------- | Turunduskulud | 569 | 606 | -------------------------------------------------------------------------------- | Üldhalduskulud | 1 486 | 1 692 | -------------------------------------------------------------------------------- | Muud äritulud | 128 | 376 | -------------------------------------------------------------------------------- | Muud ärikulud | 51 | 30 | -------------------------------------------------------------------------------- | Ärikasum | 1 379 | 1 233 | -------------------------------------------------------------------------------- | Intressitulud | 4 | 26 | -------------------------------------------------------------------------------- | Intressikulud | (701) | (703) | -------------------------------------------------------------------------------- | Kasum (kahjum) valuutakursi muutusest | 61 | (14) | -------------------------------------------------------------------------------- | Muud finantstulud | 0 | 4 | -------------------------------------------------------------------------------- | Muud finantskulud | (36) | (11) | -------------------------------------------------------------------------------- | Kokku finantstulud/kulud | (672) | (698) | -------------------------------------------------------------------------------- | Kasum sidusettevõtete aktsiatelt ja | (15) | 0 | | osadelt | | | -------------------------------------------------------------------------------- | Kasum enne tulumaksustamist | 692 | 535 | -------------------------------------------------------------------------------- | Tulumaks | 0 | 229 | -------------------------------------------------------------------------------- | Kahjum jätkuvatest tegevusvaldkondadest | 692 | 306 | -------------------------------------------------------------------------------- | Kasum/-kahjum lõpetatud tegevustest | 0 | (45) | -------------------------------------------------------------------------------- | Aruandeperioodi kasum | 692 | 261 | -------------------------------------------------------------------------------- | Aruandeaasta puhaskasumi/-kahjumi jaotus: | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäride osa | 692 | 261 | | kasumist/kahjumist | | | -------------------------------------------------------------------------------- | Muu koondkasum/-kahjum | | | -------------------------------------------------------------------------------- | Realiseerimata kursivahed | (37) | 31 | -------------------------------------------------------------------------------- | Muu koondkasum/-kahjum kokku | 655 | 292 | -------------------------------------------------------------------------------- | Aruandeaasta puhaskasumi/-kahjumi jaotus: | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäride osa kasumist | 655 | 292 | -------------------------------------------------------------------------------- | Tava- ja lahustunud kasum aktsia kohta | 0,03 | 0,01 | | (lisa 8) | | | -------------------------------------------------------------------------------- Lisainformatsioon: Gunnar Kobin Juhatuse esimees GSM: +372 5188111 e-mail: [email protected] Konsolideeritud koondkasumiaruanne (auditeerimata) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR | -------------------------------------------------------------------------------- | I pa 2010 | I pa 2009 | -------------------------------------------------------------------------------- | (tuhandetes) | | -------------------------------------------------------------------------------- | Müügitulu | 25 189 | 27 300 | -------------------------------------------------------------------------------- | Müüdud toodangu kulu | 19 729 | 21 913 | -------------------------------------------------------------------------------- | Brutokasum | 5 460 | 5 387 | -------------------------------------------------------------------------------- | Turunduskulud | 1 108 | 1 304 | -------------------------------------------------------------------------------- | Üldhalduskulud | 3 186 | 3 624 | -------------------------------------------------------------------------------- | Muud äritulud | 592 | 437 | -------------------------------------------------------------------------------- | Muud ärikulud | 71 | 96 | -------------------------------------------------------------------------------- | Ärikasum | 1 687 | 800 | -------------------------------------------------------------------------------- | Intressitulud | 15 | 72 | -------------------------------------------------------------------------------- | Intressikulud | (1 318) | (1 395) | -------------------------------------------------------------------------------- | Kasum (kahjum) valuutakursi muutusest | 90 | (5) | -------------------------------------------------------------------------------- | Muud finantstulud | 0 | 12 | -------------------------------------------------------------------------------- | Muud finantskulud | (59) | (29) | -------------------------------------------------------------------------------- | Kokku finantstulud/kulud | (1 272) | (1 345) | -------------------------------------------------------------------------------- | Kasum sidusettevõtete aktsiatelt ja | (67) | 3 | | osadelt | | | -------------------------------------------------------------------------------- | Kasum enne tulumaksustamist | 348 | (542) | -------------------------------------------------------------------------------- | Tulumaks | 370 | 253 | -------------------------------------------------------------------------------- | Kahjum jätkuvatest tegevusvaldkondadest | (22) | (795) | -------------------------------------------------------------------------------- | Kasum/-kahjum lõpetatud tegevustest | (42) | (67) | -------------------------------------------------------------------------------- | Aruandeperioodi kasum | (64) | (862) | -------------------------------------------------------------------------------- | Aruandeaasta puhaskasumi/-kahjumi jaotus: | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäride osa | (64) | (862) | | kasumist/kahjumist | | | -------------------------------------------------------------------------------- | Muu koondkasum/-kahjum | | | -------------------------------------------------------------------------------- | Realiseerimata kursivahed | (149) | 26 | -------------------------------------------------------------------------------- | Muu koondkasum/-kahjum kokku | (213) | (836) | -------------------------------------------------------------------------------- | Aruandeaasta puhaskasumi/-kahjumi jaotus: | | | -------------------------------------------------------------------------------- | Emaettevõtja aktsionäride osa kasumist | (213) | (836) | -------------------------------------------------------------------------------- | Tava- ja lahustunud kasum aktsia kohta | (0,00) | (0,04) | | (lisa 8) | | | -------------------------------------------------------------------------------- Konsolideeritud rahavoogude aruanne (auditeerimata) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EEK | -------------------------------------------------------------------------------- | I pa 2010 | I pa 2009 | -------------------------------------------------------------------------------- | (tuhandetes) | | -------------------------------------------------------------------------------- | Rahavood äritegevusest | | | -------------------------------------------------------------------------------- | Aruandeperioodi ärikasum /-kahjum | 26 381 | 12 520 | -------------------------------------------------------------------------------- | Korrigeerimised: | | | -------------------------------------------------------------------------------- | Põhivara kulum ja väärtuse langus | 25 990 | 27 332 | -------------------------------------------------------------------------------- | Kasum(-) kahjum(+) põhiv.müügist ja | (40) | 61 | | mahakandmisest | | | -------------------------------------------------------------------------------- | Muutus käibekapitalis: | | | -------------------------------------------------------------------------------- | Äritegevusega seotud nõuete ja ettemaksete | (18 083) | 16 616 | | muutus | | | -------------------------------------------------------------------------------- | Varude muutus | (2 099) | (352) | -------------------------------------------------------------------------------- | Äritegevusega seotud kohustuste ja | (54 853) | (19 583) | | ettemaksete muutus | | | -------------------------------------------------------------------------------- | Rahavoog põhitegevusest | (22 704) | 36 594 | -------------------------------------------------------------------------------- | Makstud ettevõtte tulumaks | (5 796) | (5 055) | -------------------------------------------------------------------------------- | Makstud intressid | (21 686) | (20 202) | -------------------------------------------------------------------------------- | Rahavood jätkuvate tegevusvaldkondade | (50 186) | 11 337 | | äritegevusest kokku | | | -------------------------------------------------------------------------------- | Lõpetatud tegevusvalkonna rahavood | (16 718) | 367 | | äritegevusest | | | -------------------------------------------------------------------------------- | Rahavood investeerimistegevusest | | | -------------------------------------------------------------------------------- | Finantsvarade müük | 62 266 | 0 | -------------------------------------------------------------------------------- | Saadud intressid | 241 | (1 248) | -------------------------------------------------------------------------------- | Põhivara soetamine | (4 499) | (6 047) | -------------------------------------------------------------------------------- | Põhivara müük | 288 | 4 761 | -------------------------------------------------------------------------------- | Antud laenud | (70) | (1 697) | -------------------------------------------------------------------------------- | Antud laenude tagasimaksed | 9 548 | 1 495 | -------------------------------------------------------------------------------- | Rahavood jätkuvate tegevusvaldkondade | 67 774 | (2 736) | | investeerimistegevusest kokku | | | -------------------------------------------------------------------------------- | Lõpetatud tegevusvaldkonna rahavood | 32 851 | 245 | | investeerimistegevusest | | | -------------------------------------------------------------------------------- | Rahavood finantseerimistegevusest | | | -------------------------------------------------------------------------------- | Aktsiate emiteerimine | 82 121 | 28 166 | -------------------------------------------------------------------------------- | Tasutud kapitalirendi maksed | (10 609) | (17 689) | -------------------------------------------------------------------------------- | Arvelduskrediidi kasutuse muutus | (39 185) | 11 128 | -------------------------------------------------------------------------------- | Saadud laenud | 1 810 | 0 | -------------------------------------------------------------------------------- | Saadud laenude tagasimaksed | (77 791) | (51 492) | -------------------------------------------------------------------------------- | Rahavood jätkuvate tegevusvaldkondade | (43 654) | (29 887) | | finantseerimistegevusest kokku | | | -------------------------------------------------------------------------------- | Lõpetatud tegevusvaldkonna rahavood | (76) | (7 072) | | finantseerimistegevusest | | | -------------------------------------------------------------------------------- | RAHA JA RAHA EKVIVALENTIDE MUUTUS | (10 009) | (27 746) | -------------------------------------------------------------------------------- | Raha ja raha ekvivalendid perioodi alguses | 39 953 | 46 388 | -------------------------------------------------------------------------------- | Raha ja raha ekvivalendid perioodi lõpus | 29 944 | 18 642 | -------------------------------------------------------------------------------- Konsolideeritud rahavoogude aruanne (auditeerimata) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR | -------------------------------------------------------------------------------- | I pa 2010 | I pa 2009 | -------------------------------------------------------------------------------- | (tuhandetes) | | -------------------------------------------------------------------------------- | Rahavood äritegevusest | | | -------------------------------------------------------------------------------- | Aruandeperioodi ärikasum /-kahjum | 1 687 | 800 | -------------------------------------------------------------------------------- | Korrigeerimised: | | | -------------------------------------------------------------------------------- | Põhivara kulum ja väärtuse langus | 1 661 | 1 747 | -------------------------------------------------------------------------------- | Kasum(-) kahjum(+) põhiv.müügist ja | (3) | 4 | | mahakandmisest | | | -------------------------------------------------------------------------------- | Muutus käibekapitalis: | | | -------------------------------------------------------------------------------- | Äritegevusega seotud nõuete ja ettemaksete | (1 157) | 1 062 | | muutus | | | -------------------------------------------------------------------------------- | Varude muutus | (134) | (22) | -------------------------------------------------------------------------------- | Äritegevusega seotud kohustuste ja | (3 506) | (1 252) | | ettemaksete muutus | | | -------------------------------------------------------------------------------- | Rahavoog põhitegevusest | (1 451) | 2 339 | -------------------------------------------------------------------------------- | Makstud ettevõtte tulumaks | (370) | (323) | -------------------------------------------------------------------------------- | Makstud intressid | (1 386) | (1 291) | -------------------------------------------------------------------------------- | Rahavood jätkuvate tegevusvaldkondade | (3 207) | 725 | | äritegevusest kokku | | | -------------------------------------------------------------------------------- | Lõpetatud tegevusvalkonna rahavood | (1 068) | 23 | | äritegevusest | | | -------------------------------------------------------------------------------- | Rahavood investeerimistegevusest | | | -------------------------------------------------------------------------------- | Finantsvarade müük | 3 980 | 0 | -------------------------------------------------------------------------------- | Saadud intressid | 15 | (80) | -------------------------------------------------------------------------------- | Põhivara soetamine | (288) | (386) | -------------------------------------------------------------------------------- | Põhivara müük | 18 | 304 | -------------------------------------------------------------------------------- | Antud laenud | (4) | (108) | -------------------------------------------------------------------------------- | Antud laenude tagasimaksed | 610 | 96 | -------------------------------------------------------------------------------- | Rahavood jätkuvate tegevusvaldkondade | 4 332 | (175) | | investeerimistegevusest kokku | | | -------------------------------------------------------------------------------- | Lõpetatud tegevusvaldkonna rahavood | 2 100 | 16 | | investeerimistegevusest | | | -------------------------------------------------------------------------------- | Rahavood finantseerimistegevusest | | | -------------------------------------------------------------------------------- | Aktsiate emiteerimine | 5 248 | 1 800 | -------------------------------------------------------------------------------- | Tasutud kapitalirendi maksed | (678) | (1 131) | -------------------------------------------------------------------------------- | Arvelduskrediidi kasutuse muutus | (2 504) | 711 | -------------------------------------------------------------------------------- | Saadud laenud | 116 | 0 | -------------------------------------------------------------------------------- | Saadud laenude tagasimaksed | (4 972) | (3 291) | -------------------------------------------------------------------------------- | Rahavood jätkuvate tegevusvaldkondade | (2 790) | (1 910) | | finantseerimistegevusest kokku | | | -------------------------------------------------------------------------------- | Lõpetatud tegevusvaldkonna rahavood | (5) | (452) | | finantseerimistegevusest | | | -------------------------------------------------------------------------------- | RAHA JA RAHA EKVIVALENTIDE MUUTUS | (640) | (1 773) | -------------------------------------------------------------------------------- | Raha ja raha ekvivalendid perioodi alguses | 2 553 | 2 965 | -------------------------------------------------------------------------------- | Raha ja raha ekvivalendid perioodi lõpus | 1 914 | 1 191 | -------------------------------------------------------------------------------- Lisainformatsioon: Gunnar Kobin Juhatuse esimees GSM: +372 5188111 e-mail: [email protected]
Teate sisu inglise keeles
Pealkiri
Consolidated interim report for the second quarter and I half year of 2010
Teade
Selected financial indicators EEK
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EEK |
--------------------------------------------------------------------------------
| HY I 2010 | HY I 2009 |
--------------------------------------------------------------------------------
| Financial indicators | | Change % |
| (thousand) | | |
--------------------------------------------------------------------------------
| Accounting period | | | |
--------------------------------------------------------------------------------
| Sales | 394 123 | 427 153 | -7.7% |
--------------------------------------------------------------------------------
| Gross profit | 85 437 | 84 294 | 1.4% |
--------------------------------------------------------------------------------
| EBITDA | 52 375 | 39 850 | 31.4% |
--------------------------------------------------------------------------------
| Operating profit | 26 381 | 12 520 | 110.9% |
--------------------------------------------------------------------------------
| Net profit (loss) for the | (1 014) | (13 487) | 92.6% |
| periood | | | |
--------------------------------------------------------------------------------
| | 30.06.2010 | 30.06.2009 | |
--------------------------------------------------------------------------------
| Total current assets | 232 121 | 231 089 | 0.5% |
--------------------------------------------------------------------------------
| Total non-current assets | 1 130 467 | 1 398 615 | -19.2% |
--------------------------------------------------------------------------------
| Total assets | 1 362 588 | 1 629 704 | -16.4% |
--------------------------------------------------------------------------------
| Total short-term | 230 842 | 378 108 | -38.9% |
| liabilities | | | |
--------------------------------------------------------------------------------
| Total long-term liabilities | 566 328 | 625 648 | -9.5% |
--------------------------------------------------------------------------------
| Total liabilities | 797 170 | 1 003 756 | -20.6% |
--------------------------------------------------------------------------------
| Total equity | 565 418 | 625 948 | -9.7% |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Selected financial indicators EUR
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR |
--------------------------------------------------------------------------------
| HY I 2010 | HY I 2009 |
--------------------------------------------------------------------------------
| Financial indicators | | Change % |
| (thousand) | | |
--------------------------------------------------------------------------------
| Accounting period | | | |
--------------------------------------------------------------------------------
| Sales | 25 189 | 27 300 | -7.7% |
--------------------------------------------------------------------------------
| Gross profit | 5 460 | 5 387 | 1.4% |
--------------------------------------------------------------------------------
| EBITDA | 3 347 | 2 547 | 31.4% |
--------------------------------------------------------------------------------
| Operating profit | 1 687 | 800 | 110.9% |
--------------------------------------------------------------------------------
| Net profit (loss) for the | (64) | (862) | 92.6% |
| periood | | | |
--------------------------------------------------------------------------------
| | 30.06.2010 | 30.06.2009 | |
--------------------------------------------------------------------------------
| Total current assets | 14 836 | 14 768 | 0.5% |
--------------------------------------------------------------------------------
| Total non-current assets | 72 249 | 89 389 | -19.2% |
--------------------------------------------------------------------------------
| Total assets | 87 085 | 104 157 | -16.4% |
--------------------------------------------------------------------------------
| Total short-term | 14 753 | 24 165 | -38.9% |
| liabilities | | | |
--------------------------------------------------------------------------------
| Total long-term liabilities | 36 195 | 39 987 | -9.5% |
--------------------------------------------------------------------------------
| Total liabilities | 50 948 | 64 152 | -20.6% |
--------------------------------------------------------------------------------
| Total equity | 36 137 | 40 005 | -9.7% |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Performance indicators (%) | | HY I 2010 | HY I 2009 |
--------------------------------------------------------------------------------
| Sales growth (%) | -7.7% | -22.7% |
--------------------------------------------------------------------------------
| Gross profit margin (%) | 21.7% | 19.7% |
--------------------------------------------------------------------------------
| Net profit margin (%) | -0.3% | -3.2% |
| | | |
--------------------------------------------------------------------------------
| Equity ratio (%) | 41.5% | 38.4% |
--------------------------------------------------------------------------------
| ROA (%) | -0.1% | -1.6% |
--------------------------------------------------------------------------------
| ROE (%) | -0.5% | -4.3% |
--------------------------------------------------------------------------------
| EBITDA margin (%) | 13.3% | 9.3% |
--------------------------------------------------------------------------------
| Operating profit margin (%) | 6.7% | 2.9% |
--------------------------------------------------------------------------------
| Liquidity ratio | 1.0 | 0.6 |
| | | |
--------------------------------------------------------------------------------
| Debt equity ratio (%) | 122.4% | 132.0% |
--------------------------------------------------------------------------------
| Financial leverage (%) | 48.9% | 54.1% |
--------------------------------------------------------------------------------
| Earnings per share EEK | 0.41 | 0.20 |
--------------------------------------------------------------------------------
| Earnings per share EUR | 0.03 | 0.01 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sales growth (%) | sales HY I 2010 -sales HY I 2009) / |
| | sales HY I 2009*100 |
--------------------------------------------------------------------------------
| Gross profit margin (%) | gross profit/ sales*100 |
| | |
--------------------------------------------------------------------------------
| Net profit margin (%) | net profit/ sales*100 |
| | |
--------------------------------------------------------------------------------
| Equity ratio (%) | equity / (equity + debt) * 100 |
--------------------------------------------------------------------------------
| ROA (%) | net profit/assets *100 |
--------------------------------------------------------------------------------
| ROE (%) | net profit/equity *100 |
| | |
--------------------------------------------------------------------------------
| EBITDA margin (%) | EBITDA/sales*100 |
--------------------------------------------------------------------------------
| Operating profit margin | operating profit/ sales*100 |
| (%) | |
--------------------------------------------------------------------------------
| Liquidity ratio | current assets/current liabilities |
| | |
--------------------------------------------------------------------------------
| Debt equity ratio (%) | interest bearing liabilities/equity*100 |
--------------------------------------------------------------------------------
| Financial leverage (%) | interest bearing liabilities-cash and cash |
| | equivalents/interest bearing liabilities + |
| | equity * 100 |
--------------------------------------------------------------------------------
In the second quarter of 2010, Ekspress Group earned EBITDA of EEK 34.5 million
(EUR 2.2 million) and Net Profit of EEK 10.8 million (EUR 0.7 million). Compared
to normalized result of QII 2009 (without extraordinary profit from sales of
crossword publishing business in Lithuania and profits from discontinued
operations Rahva Raamat and Ekspress Hotline) QII 2010 EBITDA has improved 2%.
In first half of the year, company has earned 31% better normalized EBITDA
(without extraordinary profits and discontinued operations) then last year and
has exceeded management forecasts by 26%. EBITDA margins in QII compared to last
year have improved in all the segments. In printing margin has grown from 20.5%
to 22.8%, in periodicals from 7.9% to 11.8% and in online from 11.1% to 19.4%.
Good result for the second quarter comes from cost cutting, what has been
implemented during 2009, significant revenue improvement in the online media
segment and export sales growth in printing services segment.
Online media segment has managed to produce an EBITDA EEK 7.2 million (EUR 0.5
million) in QII which is 99% better than last year. As online advertising
revenues in all the countries have improved during first half of the year and
mainly in the second quarter, it has contributed directly to the EBITDA of the
company as margins from additional revenues in online media segment are
extraordinary high. Delfi Estonian operations have performed on the last year
levels, Latvian operation is in a minor and decreasing loss, but Lithuanian
operations have grown EBITDA by 148% as compared to last year. Lithuanian EBITDA
margin has reached 37.6% in QII. Ukraine operations are still in the development
phase and management expects advertising revenues to start growing in the second
half of the year. In overall, online media segment has come a long way from
revenue drop of more than 20% in the QIV 2009 (as compared to the same period in
2008) to increase of 14 % in QII 2010.
In QII, periodicals segment is performing on the last year levels as compared to
the same period last year (normalized EBITDA 2009) by producing EBITDA EEK 8.5
million (EUR 0.5 million) although revenues have dropped by 15% in the QII and
18% in the first half of the year. Main contributor here is higher efficiency
due to salary and personnel cuts made during 2009.
From the periodicals, AS Eesti Ajalehed (publisher of weeklies Eesti Ekspress
and Maaleht) has improved EBITDA compared to last year by 178% earning EEK 4.2
million (EUR 0.3 million) in QII. Advertising revenue for the QII was 11% less
than QII 2009 and for the first half of the year 14% less than 2009 and single
copy sales is down 13% and 14%, respectively, but subscription revenue in the
QII grow by 1% and was steady for the first half compared to 2009.
In QII publisher of tabloid newspaper Õhtuleht has had to surrender to last year
results but is still EBITDA positive earning EEK 3.2 million (EUR 0.2 million
eurot) in QII. Advertising revenues for the QII have been down 21% as for the
first half, single copy sales revenues are down 12% in the QII and 16% for the
first half. Subscription revenues are down 9% QII and 10% for the first half.
Publisher of daily newspaper Eesti Päevalehe AS has managed to earn positive
EBITDA for the QII earning EEK 70.7 thousand (EUR 4.5 thousand) but has lost EEK
5.8 million (EUR 0.4 million) in the first half of the year. Advertising
revenues are down 22% QII, single copy sales are down 20% and subscription sales
are down 10%.
Magazine publishing unit in Estonia, AS Ajakirjade Kirjastus, has also suffered
from advertising revenue drop by 16% in QII but has managed to hold EBITDA
positive earning EEK 1.5 million (EUR 0.1 million) which is 50% better than last
year same time. Single copy sales was down 14% but subscriptions up 2%.
Lithuanian magazine publisher UAB Ekspress Leidyba has earned positive result
for the QII earning EEK 614.1 thousand (EUR 39.2 thousand) which is 224% better
than last year (normalized EBITDA without extraordinary profits) while
advertising revenues have been decreasing 3%, single copy sales has decreased
37% and subscription sales 27% as compared to 2009.
Most active advertising clients in the periodicals segments in QII have been
retailers, car dealers and telecommunication companies.
Periodicals segment has suffered continuous revenue drop although the drop has
slowed down as compared to last year. When in the QIV 2009 we saw revenue drop
of average 31% y-o-y bases, then in the beginning of the 2010, decline has
slowed to an average 22% in the QI and an average 15% in QII reaching 12% in the
last month. In spite of the revenue drop, companies have mostly been able to
become EBITDA positive in QII 2010 which is mainly due to higher efficiency.
This allows for the management to be optimistic about improving margins for the
periodicals segment in the second half of the year, mainly in QIV. QIII will be
a slow period due to low advertising season including two summer months.
In the printing services segment, Printall has produced 10% higher EBITDA then
last year in QII earning EEK 21.2 million (EUR 1.4 million) and has exceeded
internal forecasts by 18%. In the first half of the year, the total EBITDA
improvement has been 21%. This has mainly been caused by growing sales in the
export markets but also by continuous search for efficiency in production.
Printall has mainly grown in Scandinavia but has also started to take market in
Netherlands and France. Both Scandinavian and Western Europe markets have been
offering periodical orders. In summer months, Russian share in exports have
declined. In exports, Norway and Denmark have been increasing their share
compared to last year. Total growth in export compared to QII 2009 has been 9%.
Share of Estonian revenues and group revenues has decreased over the year. In
spite of success in the export markets and steadily growing revenues, there is
still significant amount of production capacity in reserve.
In general, managements view for the rest of the year is cautiously optimistic
based mainly on continuous success of the printing services segment export
activities and improving revenues in online media segment. We expect also the
advertising revenues for periodicals segment to reach 2009 levels at least by
the end of the year.
Most important developments or actions during QII 2010 have been as follows:
Delfi Estonia and Ukraine have launched new front page design with an aim to
offer more modern approach on presenting the news and other journalistic
content. During second half of the year, the same development is going to be
pursued in the rest of the operations
Delfi Ukraine hired a new Editor in Chief
Delfi Ukraine has opened new segments in the portal and is continuing to
implement similar buildup as in other countries
All Delfi operations have launched activities to get user generated content in
all the sections in their portals. Delfi Estonian and Ukraine operations have
been most successful in this by being able to get from ordinary users of Delfi
original material with significant value
Delfi Estonia launched WEB ID project which allows users to create one online
registration account to be used for logging in for commenting, contributing
hints and photos in the citizen journalism section Rahva Hääl and later also
e-commerce
Weekly paper Maaleht introduced mobile phone based payment model for articles in
the web
Lithuanian magazine publisher Ekspress Leidyba acquired license for publishing
Cosmopolitan from June 2010.
Company finished the public offering of yhe shares of AS Ekspress Grupp and
raised EEK 123.6 million (EUR 7.9 million) to be used to offer a cash buffer and
reserve for future investments
Investments
Acquisition of fixed assets
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EEK |
--------------------------------------------------------------------------------
| HY I 2010 | HY I 2009 |
--------------------------------------------------------------------------------
| (thousand) | |
--------------------------------------------------------------------------------
| Acquisition of property, plant and | | |
| equipment | | |
--------------------------------------------------------------------------------
| Buildings | 0 | 171 |
--------------------------------------------------------------------------------
| Plant and equipment | 387 | 1 282 |
--------------------------------------------------------------------------------
| Other equipment | 1 791 | 3 722 |
--------------------------------------------------------------------------------
| Unfinished buildings and prepayments | 0 | 1 125 |
--------------------------------------------------------------------------------
| Acquisition of property, plant and | 2 178 | 6 300 |
| equipment total | | |
--------------------------------------------------------------------------------
| Acquisition of intangible assets | | |
--------------------------------------------------------------------------------
| Development | 1 166 | 1 671 |
--------------------------------------------------------------------------------
| Compu-ter software | 772 | 1 071 |
--------------------------------------------------------------------------------
| Prepayments | 383 | (102) |
--------------------------------------------------------------------------------
| Acquisition of intangible assets total | 2 321 | 2 640 |
--------------------------------------------------------------------------------
| Acquisition of fixed assets total | 4 499 | 8 940 |
--------------------------------------------------------------------------------
Acquisition of fixed assets
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR |
--------------------------------------------------------------------------------
| HY I 2010 | HY I 2009 |
--------------------------------------------------------------------------------
| (thousand) | |
--------------------------------------------------------------------------------
| Acquisition of property, plant and | | |
| equipment | | |
--------------------------------------------------------------------------------
| Buildings | 0 | 11 |
--------------------------------------------------------------------------------
| Plant and equipment | 25 | 82 |
--------------------------------------------------------------------------------
| Other equipment | 115 | 238 |
--------------------------------------------------------------------------------
| Unfinished buildings and prepayments | 0 | 72 |
--------------------------------------------------------------------------------
| Acquisition of property, plant and | 140 | 403 |
| equipment total | | |
--------------------------------------------------------------------------------
| Acquisition of intangible assets | | |
--------------------------------------------------------------------------------
| Development | 75 | 106 |
--------------------------------------------------------------------------------
| Compu-ter software | 49 | 68 |
--------------------------------------------------------------------------------
| Prepayments | 24 | (7) |
--------------------------------------------------------------------------------
| Acquisition of intangible assets total | 148 | 167 |
--------------------------------------------------------------------------------
| Acquisition of fixed assets total | 288 | 570 |
--------------------------------------------------------------------------------
All investments in the I half year were ordinary, in order to improve the
assets used in business activity at bare minimum extent.
Employees
As of the end of June 2010 Ekspress Group employed 1 782 people (As of 30 June
2009 (includes employees of discontinued operations): 2 240 ). The average
number of employees in the I half year of 2010 was 1 778 (HY I 2009 includes
employees of discontinued operations: 2 256 ).
In the I half year of 2010, the personnel costs of Ekspress Grupp totalled EEK
99.0 million (EUR 6.3 million), (HY I 2009 with the personnel cost of
discontinued operations EEK 137.7 million (EUR 8.8 million))*.
*proportional part from joint ventures
Consolidated statement of financial position (unaudited)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EEK |
--------------------------------------------------------------------------------
| 31.06.2010 | 31.12.2009 | 31.06.2009 |
--------------------------------------------------------------------------------
| (thousand) | |
--------------------------------------------------------------------------------
| ASSETS | | | | |
--------------------------------------------------------------------------------
| Current assets | | | |
--------------------------------------------------------------------------------
| Cash and cash equivalents | 29 944 | 39 953 | 18 642 |
--------------------------------------------------------------------------------
| Other financial assets at fair | 47 147 | 892 | 1 141 |
| value through profit or loss | | | |
--------------------------------------------------------------------------------
| Trade and other receivables | 111 822 | 120 136 | 148 387 |
--------------------------------------------------------------------------------
| Inventories | 43 208 | 55 160 | 62 919 |
--------------------------------------------------------------------------------
| Total current assets | 232 121 | 216 141 | 231 089 |
--------------------------------------------------------------------------------
| Assets of discontinued | 0 | 93 457 | 0 |
| operations | | | |
--------------------------------------------------------------------------------
| Non-current assets | | | |
--------------------------------------------------------------------------------
| Trade and other receivables | 5 501 | 5 697 | 6 569 |
--------------------------------------------------------------------------------
| Investments in associates | 143 | 640 | 505 |
--------------------------------------------------------------------------------
| Investment property | 6 360 | 6 360 | 12 341 |
--------------------------------------------------------------------------------
| Property, plant and equipment | 314 608 | 345 938 | 375 012 |
| (Note 4) | | | |
--------------------------------------------------------------------------------
| Intangible assets (Note 4) | 803 855 | 821 613 | 1 004 188 |
--------------------------------------------------------------------------------
| Total non-current assets | 1 130 | 1 180 248 | 1 398 615 |
| | 467 | | |
--------------------------------------------------------------------------------
| TOTAL ASSETS | 1 362 | 1 489 846 | 1 629 704 |
| | 588 | | |
--------------------------------------------------------------------------------
| SHAREHOLDERS EQUITY AND | | | |
| LIABILITIES | | | |
--------------------------------------------------------------------------------
| Liabilities | | | |
--------------------------------------------------------------------------------
| Current liabilities | | | |
--------------------------------------------------------------------------------
| Borrowings (Note 5) | 76 545 | 143 093 | 151 995 |
--------------------------------------------------------------------------------
| Trade and other payables | 154 297 | 283 668 | 226 113 |
--------------------------------------------------------------------------------
| Total current liabilities | 230 842 | 426 761 | 378 108 |
--------------------------------------------------------------------------------
| Liabilities of discontinued | 0 | 17 231 | 0 |
| operations | | | |
--------------------------------------------------------------------------------
| Non-current liabilities | | | |
--------------------------------------------------------------------------------
| Borrowings (Note 5) | 551 838 | 583 047 | 615 484 |
--------------------------------------------------------------------------------
| Other long term liabilities | 497 | 28 | 609 |
--------------------------------------------------------------------------------
| Derivative instruments | 13 993 | 13 993 | 9 555 |
--------------------------------------------------------------------------------
| Total non-current liabilities | 566 328 | 597 068 | 625 648 |
--------------------------------------------------------------------------------
| Total liabilities | 797 170 | 1 041 060 | 1 003 756 |
--------------------------------------------------------------------------------
| Equity | | | |
--------------------------------------------------------------------------------
| Capital and reserves | | | |
| attributable to equity holders | | | |
| of the Parent company | | | |
--------------------------------------------------------------------------------
| Share capital | 297 968 | 208 488 | 208 488 |
--------------------------------------------------------------------------------
| Share premium | 223 394 | 192 883 | 192 883 |
--------------------------------------------------------------------------------
| Reserves | (313) | (313) | 4 125 |
--------------------------------------------------------------------------------
| Retained earnings | 44 791 | 45 805 | 218 410 |
--------------------------------------------------------------------------------
| Currency translation reserve | (710) | 1 635 | 1 754 |
--------------------------------------------------------------------------------
| Total capital and reserves | 565 130 | 448 498 | 625 660 |
| attributable to equity holders | | | |
| of the Parent company | | | |
--------------------------------------------------------------------------------
| Minority interest | 288 | 288 | 288 |
--------------------------------------------------------------------------------
| Total equity | 565 418 | 448 786 | 625 948 |
--------------------------------------------------------------------------------
| TOTAL EQUITY AND LIABILITIES | 1 362 | 1 489 846 | 1 629 704 |
| | 588 | | |
--------------------------------------------------------------------------------
Consolidated statement of financial position (unaudited)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR |
--------------------------------------------------------------------------------
| 31.06.2010 | 31.12.2009 | 31.06.2009 |
--------------------------------------------------------------------------------
| (thousand) | |
--------------------------------------------------------------------------------
| ASSETS | | |
--------------------------------------------------------------------------------
| Current assets | | | |
--------------------------------------------------------------------------------
| Cash and cash equivalents | 1 914 | 2 553 | 1 191 |
--------------------------------------------------------------------------------
| Other financial assets at fair | 3 013 | 57 | 73 |
| value through profit or loss | | | |
--------------------------------------------------------------------------------
| Trade and other receivables | 7 148 | 7 677 | 9 483 |
--------------------------------------------------------------------------------
| Inventories | 2 761 | 3 525 | 4 021 |
--------------------------------------------------------------------------------
| Total current assets | 14 836 | 13 812 | 14 768 |
--------------------------------------------------------------------------------
| Assets of discontinued operations | 0 | 5 973 | 0 |
--------------------------------------------------------------------------------
| Non-current assets | | | |
--------------------------------------------------------------------------------
| Trade and other receivables | 351 | 364 | 421 |
--------------------------------------------------------------------------------
| Investments in associates | 9 | 41 | 32 |
--------------------------------------------------------------------------------
| Investment property | 406 | 406 | 789 |
--------------------------------------------------------------------------------
| Property, plant and equipment | 20 107 | 22 109 | 23 968 |
| (Note 4) | | | |
--------------------------------------------------------------------------------
| Intangible assets (Note 4) | 51 376 | 52 511 | 64 179 |
--------------------------------------------------------------------------------
| Total non-current assets | 72 249 | 75 431 | 89 389 |
--------------------------------------------------------------------------------
| TOTAL ASSETS | 87 085 | 95 216 | 104 157 |
--------------------------------------------------------------------------------
| SHAREHOLDERS EQUITY AND | | | |
| LIABILITIES | | | |
--------------------------------------------------------------------------------
| Liabilities | | | |
--------------------------------------------------------------------------------
| Current liabilities | | | |
--------------------------------------------------------------------------------
| Borrowings (Note 5) | 4 892 | 9 145 | 9 714 |
--------------------------------------------------------------------------------
| Trade and other payables | 9 861 | 18 130 | 14 451 |
--------------------------------------------------------------------------------
| Total current liabilities | 14 753 | 27 275 | 24 165 |
--------------------------------------------------------------------------------
| Liabilities of discontinued | 0 | 1 101 | 0 |
| operations | | | |
--------------------------------------------------------------------------------
| Non-current liabilities | | | |
--------------------------------------------------------------------------------
| Borrowings (Note 5) | 35 269 | 37 263 | 39 337 |
--------------------------------------------------------------------------------
| Other long term liabilities | 32 | 2 | 39 |
--------------------------------------------------------------------------------
| Derivative instruments | 894 | 894 | 611 |
--------------------------------------------------------------------------------
| Total non-current liabilities | 36 195 | 38 159 | 39 987 |
--------------------------------------------------------------------------------
| Total liabilities | 50 948 | 66 535 | 64 152 |
--------------------------------------------------------------------------------
| Equity | | | |
--------------------------------------------------------------------------------
| Capital and reserves attributable | | | |
| to equity holders of the Parent | | | |
| company | | | |
--------------------------------------------------------------------------------
| Share capital | 19 044 | 13 325 | 13 325 |
--------------------------------------------------------------------------------
| Share premium | 14 277 | 12 327 | 12 327 |
--------------------------------------------------------------------------------
| Reserves | (20) | (20) | 264 |
--------------------------------------------------------------------------------
| Retained earnings | 2 863 | 2 927 | 13 959 |
--------------------------------------------------------------------------------
| Currency translation reserve | (45) | 104 | 112 |
--------------------------------------------------------------------------------
| Total capital and reserves | 36 119 | 28 663 | 39 987 |
| attributable to equity holders of | | | |
| the Parent company | | | |
--------------------------------------------------------------------------------
| Minority interest | 18 | 18 | 18 |
--------------------------------------------------------------------------------
| Total equity | 36 137 | 28 681 | 40 005 |
--------------------------------------------------------------------------------
| TOTAL EQUITY AND LIABILITIES | 87 085 | 95 216 | 104 157 |
--------------------------------------------------------------------------------
Consolidated interim statement of comprehensive income (unaudited)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EEK |
--------------------------------------------------------------------------------
| Q II 2010 | Q II 2009 |
--------------------------------------------------------------------------------
| (thousand) | |
--------------------------------------------------------------------------------
| Sales | 211 054 | 220 023 |
--------------------------------------------------------------------------------
| Costs of sales | 158 529 | 170 186 |
--------------------------------------------------------------------------------
| Gross profit | 52 525 | 49 837 |
--------------------------------------------------------------------------------
| Marketing expenses | 8 910 | 9 483 |
--------------------------------------------------------------------------------
| Administrative expenses | 23 258 | 26 468 |
--------------------------------------------------------------------------------
| Other income | 2 004 | 5 888 |
--------------------------------------------------------------------------------
| Other expenses | 796 | 474 |
--------------------------------------------------------------------------------
| Operating profit (loss) | 21 565 | 19 300 |
--------------------------------------------------------------------------------
| Interest income | 68 | 410 |
--------------------------------------------------------------------------------
| Interest expenses | (10 969) | (10 994) |
--------------------------------------------------------------------------------
| Currency exchange profit (loss) | 961 | (224) |
--------------------------------------------------------------------------------
| Other financial income | 0 | 70 |
--------------------------------------------------------------------------------
| Other financial expenses | (559) | (175) |
--------------------------------------------------------------------------------
| Financial income (expense) total | (10 499) | (10 913) |
--------------------------------------------------------------------------------
| Share of profit (loss )of associates | (228) | 0 |
--------------------------------------------------------------------------------
| Profit (loss) before income tax | 10 838 | 8 387 |
--------------------------------------------------------------------------------
| Income tax expense | 0 | 3 576 |
--------------------------------------------------------------------------------
| Profit (loss) for the year from continued | 10 838 | 4 811 |
| operations | | |
--------------------------------------------------------------------------------
| Profit (loss) for the year from | 0 | (705) |
| discontinued operations | | |
--------------------------------------------------------------------------------
| Profit (loss) for the year | 10 838 | 4 106 |
--------------------------------------------------------------------------------
| Attributable to: | | |
--------------------------------------------------------------------------------
| Equity holders of the Parent company | 10 838 | 4 106 |
--------------------------------------------------------------------------------
| Other comprehensive income | | |
--------------------------------------------------------------------------------
| Currency translation differences | (583) | 481 |
--------------------------------------------------------------------------------
| Total comprehensive income (expense) | 10 255 | 4 587 |
--------------------------------------------------------------------------------
| Comprehensive income attributable to: | | |
--------------------------------------------------------------------------------
| Equity holders of the Parent company | 10 255 | 4 587 |
--------------------------------------------------------------------------------
| Basic and diluted earnings per share for | 0.41 | 0.20 |
| profit attributable to the equity holders | | |
| of the Company (Note 8) | | |
--------------------------------------------------------------------------------
Consolidated interim statement of comprehensive income (unaudited)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EEK |
--------------------------------------------------------------------------------
| HY I 2010 | HY I 2009 |
--------------------------------------------------------------------------------
| (thousand) | |
--------------------------------------------------------------------------------
| Sales | 394 123 | 427 153 |
--------------------------------------------------------------------------------
| Costs of sales | 308 686 | 342 859 |
--------------------------------------------------------------------------------
| Gross profit | 85 437 | 84 294 |
--------------------------------------------------------------------------------
| Marketing expenses | 17 339 | 20 403 |
--------------------------------------------------------------------------------
| Administrative expenses | 49 844 | 56 699 |
--------------------------------------------------------------------------------
| Other income | 9 237 | 6 833 |
--------------------------------------------------------------------------------
| Other expenses | 1 110 | 1 505 |
--------------------------------------------------------------------------------
| Operating profit (loss) | 26 381 | 12 520 |
--------------------------------------------------------------------------------
| Interest income | 241 | 1 123 |
--------------------------------------------------------------------------------
| Interest expenses | (20 616) | (21 829) |
--------------------------------------------------------------------------------
| Currency exchange profit (loss) | 1 414 | (80) |
--------------------------------------------------------------------------------
| Other financial income | 0 | 190 |
--------------------------------------------------------------------------------
| Other financial expenses | (921) | (451) |
--------------------------------------------------------------------------------
| Financial income (expense) total | (19 882) | (21 047) |
--------------------------------------------------------------------------------
| Share of profit (loss )of associates | (1 054) | 53 |
--------------------------------------------------------------------------------
| Profit (loss) before income tax | 5 445 | (8 474) |
--------------------------------------------------------------------------------
| Income tax expense | 5 796 | 3 963 |
--------------------------------------------------------------------------------
| Profit (loss) for the year from continued | (351) | (12 437) |
| operations | | |
--------------------------------------------------------------------------------
| Profit (loss) for the year from | (663) | (1 050) |
| discontinued operations | | |
--------------------------------------------------------------------------------
| Profit (loss) for the year | (1 014) | (13 487) |
--------------------------------------------------------------------------------
| Attributable to: | | |
--------------------------------------------------------------------------------
| Equity holders of the Parent company | (1 014) | (13 487) |
--------------------------------------------------------------------------------
| Other comprehensive income | | |
--------------------------------------------------------------------------------
| Currency translation differences | (2 345) | 401 |
--------------------------------------------------------------------------------
| Total comprehensive income (expense) | (3 359) | (13 086) |
--------------------------------------------------------------------------------
| Comprehensive income attributable to: | | |
--------------------------------------------------------------------------------
| Equity holders of the Parent company | (3 359) | (13 086) |
--------------------------------------------------------------------------------
| Basic and diluted earnings per share for | (0.04) | (0.65) |
| profit attributable to the equity holders | | |
| of the Company (Note 8) | | |
--------------------------------------------------------------------------------
Consolidated interim statement of comprehensive income (unaudited)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR |
--------------------------------------------------------------------------------
| Q II 2010 | Q II 2009 |
--------------------------------------------------------------------------------
| (thousand) | |
--------------------------------------------------------------------------------
| Sales | 13 489 | 14 062 |
--------------------------------------------------------------------------------
| Costs of sales | 10 132 | 10 877 |
--------------------------------------------------------------------------------
| Gross profit | 3 357 | 3 185 |
--------------------------------------------------------------------------------
| Marketing expenses | 569 | 606 |
--------------------------------------------------------------------------------
| Administrative expenses | 1 486 | 1 692 |
--------------------------------------------------------------------------------
| Other income | 128 | 376 |
--------------------------------------------------------------------------------
| Other expenses | 51 | 30 |
--------------------------------------------------------------------------------
| Operating profit (loss) | 1 379 | 1 233 |
--------------------------------------------------------------------------------
| Interest income | 4 | 26 |
--------------------------------------------------------------------------------
| Interest expenses | (701) | (703) |
--------------------------------------------------------------------------------
| Currency exchange profit (loss) | 61 | (14) |
--------------------------------------------------------------------------------
| Other financial income | 0 | 4 |
--------------------------------------------------------------------------------
| Other financial expenses | (36) | (11) |
--------------------------------------------------------------------------------
| Financial income (expense) total | (672) | (698) |
--------------------------------------------------------------------------------
| Share of profit (loss )of associates | (15) | 0 |
--------------------------------------------------------------------------------
| Profit (loss) before income tax | 692 | 535 |
--------------------------------------------------------------------------------
| Income tax expense | 0 | 229 |
--------------------------------------------------------------------------------
| Profit (loss) for the year from continued | 692 | 306 |
| operations | | |
--------------------------------------------------------------------------------
| Profit (loss) for the year from | 0 | (45) |
| discontinued operations | | |
--------------------------------------------------------------------------------
| Profit (loss) for the year | 692 | 261 |
--------------------------------------------------------------------------------
| Attributable to: | | |
--------------------------------------------------------------------------------
| Equity holders of the Parent company | 692 | 261 |
--------------------------------------------------------------------------------
| Other comprehensive income | | |
--------------------------------------------------------------------------------
| Currency translation differences | (37) | 31 |
--------------------------------------------------------------------------------
| Total comprehensive income (expense) | 655 | 292 |
--------------------------------------------------------------------------------
| Comprehensive income attributable to: | | |
--------------------------------------------------------------------------------
| Equity holders of the Parent company | 655 | 292 |
--------------------------------------------------------------------------------
| Basic and diluted earnings per share for | 0.03 | 0.01 |
| profit attributable to the equity holders | | |
| of the Company (Note 8) | | |
--------------------------------------------------------------------------------
Consolidated interim statement of comprehensive income (unaudited)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR |
--------------------------------------------------------------------------------
| HY I 2010 | HY I 2009 |
--------------------------------------------------------------------------------
| (thousand) | |
--------------------------------------------------------------------------------
| Sales | 25 189 | 27 300 |
--------------------------------------------------------------------------------
| Costs of sales | 19 729 | 21 913 |
--------------------------------------------------------------------------------
| Gross profit | 5 460 | 5 387 |
--------------------------------------------------------------------------------
| Marketing expenses | 1 108 | 1 304 |
--------------------------------------------------------------------------------
| Administrative expenses | 3 186 | 3 624 |
--------------------------------------------------------------------------------
| Other income | 592 | 437 |
--------------------------------------------------------------------------------
| Other expenses | 71 | 96 |
--------------------------------------------------------------------------------
| Operating profit (loss) | 1 687 | 800 |
--------------------------------------------------------------------------------
| Interest income | 15 | 72 |
--------------------------------------------------------------------------------
| Interest expenses | (1 318) | (1 395) |
--------------------------------------------------------------------------------
| Currency exchange profit (loss) | 90 | (5) |
--------------------------------------------------------------------------------
| Other financial income | 0 | 12 |
--------------------------------------------------------------------------------
| Other financial expenses | (59) | (29) |
--------------------------------------------------------------------------------
| Financial income (expense) total | (1 272) | (1 345) |
--------------------------------------------------------------------------------
| Share of profit (loss )of associates | (67) | 3 |
--------------------------------------------------------------------------------
| Profit (loss) before income tax | 348 | (542) |
--------------------------------------------------------------------------------
| Income tax expense | 370 | 253 |
--------------------------------------------------------------------------------
| Profit (loss) for the year from continued | (22) | (795) |
| operations | | |
--------------------------------------------------------------------------------
| Profit (loss) for the year from | (42) | (67) |
| discontinued operations | | |
--------------------------------------------------------------------------------
| Profit (loss) for the year | (64) | (862) |
--------------------------------------------------------------------------------
| Attributable to: | | |
--------------------------------------------------------------------------------
| Equity holders of the Parent company | (64) | (862) |
--------------------------------------------------------------------------------
| Other comprehensive income | | |
--------------------------------------------------------------------------------
| Currency translation differences | (149) | 26 |
--------------------------------------------------------------------------------
| Total comprehensive income (expense) | (213) | (836) |
--------------------------------------------------------------------------------
| Comprehensive income attributable to: | | |
--------------------------------------------------------------------------------
| Equity holders of the Parent company | (213) | (836) |
--------------------------------------------------------------------------------
| Basic and diluted earnings per share for | (0.00) | (0.04) |
| profit attributable to the equity holders | | |
| of the Company (Note 8) | | |
--------------------------------------------------------------------------------
Consolidated interim cash flow statement (unaudited)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EEK |
--------------------------------------------------------------------------------
| HY I 2010 | HY I 2009 |
--------------------------------------------------------------------------------
| (thousand) | |
--------------------------------------------------------------------------------
| Cash flows from operating activities | | |
--------------------------------------------------------------------------------
| Operating profit(loss) for the period | 26 381 | 12 520 |
--------------------------------------------------------------------------------
| Adjustments for: | | |
--------------------------------------------------------------------------------
| Depreciation, amortisation and | 25 990 | 27 332 |
| impairment of property, plant and | | |
| equipment and intangibles | | |
--------------------------------------------------------------------------------
| Profit (loss) on sale of property, | (40) | 61 |
| plant and equipment | | |
--------------------------------------------------------------------------------
| Changes in working capital: | | |
--------------------------------------------------------------------------------
| Trade and other receivables | (18 083) | 16 616 |
--------------------------------------------------------------------------------
| Inventories | (2 099) | (352) |
--------------------------------------------------------------------------------
| Trade and other payables | (54 853) | (19 583) |
--------------------------------------------------------------------------------
| Cash generated from operations | (22 704) | 36 594 |
--------------------------------------------------------------------------------
| Income tax paid | (5 796) | (5 055) |
--------------------------------------------------------------------------------
| Interest paid | (21 686) | (20 202) |
--------------------------------------------------------------------------------
| Net cash generated from operating | (50 186) | 11 337 |
| activities | | |
--------------------------------------------------------------------------------
| Net cash generated from operating | (16 718) | 367 |
| activities from discontinued operations | | |
--------------------------------------------------------------------------------
| Cash flows from investing activities | | |
--------------------------------------------------------------------------------
| Proceeds from financial assets | 62 266 | 0 |
--------------------------------------------------------------------------------
| Interest received | 241 | (1 248) |
--------------------------------------------------------------------------------
| Purchase of property, plant and | (4 499) | (6 047) |
| equipment | | |
--------------------------------------------------------------------------------
| Proceeds from sale of property, plant | 288 | 4 761 |
| and equipment | | |
--------------------------------------------------------------------------------
| Loans granted | (70) | (1 697) |
--------------------------------------------------------------------------------
| Loan repayments received | 9 548 | 1 495 |
--------------------------------------------------------------------------------
| Net cash used in investing activities | 67 774 | (2 736) |
--------------------------------------------------------------------------------
| Net cash used in/generated from | 32 851 | 245 |
| investing activities from discontinued | | |
| operations | | |
--------------------------------------------------------------------------------
| Cash flows from financing activities | | |
--------------------------------------------------------------------------------
| Share issue | 82 121 | 28 166 |
--------------------------------------------------------------------------------
| Finance lease payments made | (10 609) | (17 689) |
--------------------------------------------------------------------------------
| Change in overdraft used | (39 185) | 11 128 |
--------------------------------------------------------------------------------
| Proceeds from borrowings | 1 810 | 0 |
--------------------------------------------------------------------------------
| Repayments of borrowings | (77 791) | (51 492) |
--------------------------------------------------------------------------------
| Net cash generated from financing | (43 654) | (29 887) |
| activities | | |
--------------------------------------------------------------------------------
| Net cash used in/generated from | (76) | (7 072) |
| financing activities from discontinued | | |
| operations | | |
--------------------------------------------------------------------------------
| NET (DECREASE)/INCREASE IN CASH AND | (10 009) | (27 746) |
| CASH EQUIVALENTS | | |
--------------------------------------------------------------------------------
| Cash and cash equivalents at the | 39 953 | 46 388 |
| beginning of the period | | |
--------------------------------------------------------------------------------
| Cash and cash equivalents at the end of | 29 944 | 18 642 |
| the period | | |
--------------------------------------------------------------------------------
Consolidated interim cash flow statement (unaudited)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUR |
--------------------------------------------------------------------------------
| HY I 2010 | HY I 2009 |
--------------------------------------------------------------------------------
| (thousand) | |
--------------------------------------------------------------------------------
| Cash flows from operating activities | | |
--------------------------------------------------------------------------------
| Operating profit(loss) for the period | 1 687 | 800 |
--------------------------------------------------------------------------------
| Adjustments for: | | |
--------------------------------------------------------------------------------
| Depreciation, amortisation and | 1 661 | 1 747 |
| impairment of property, plant and | | |
| equipment and intangibles | | |
--------------------------------------------------------------------------------
| Profit (loss) on sale of property, | (3) | 4 |
| plant and equipment | | |
--------------------------------------------------------------------------------
| Changes in working capital: | | |
--------------------------------------------------------------------------------
| Trade and other receivables | (1 157) | 1 062 |
--------------------------------------------------------------------------------
| Inventories | (134) | (22) |
--------------------------------------------------------------------------------
| Trade and other payables | (3 506) | (1 252) |
--------------------------------------------------------------------------------
| Cash generated from operations | (1 451) | 2 339 |
--------------------------------------------------------------------------------
| Income tax paid | (370) | (323) |
--------------------------------------------------------------------------------
| Interest paid | (1 386) | (1 291) |
--------------------------------------------------------------------------------
| Net cash generated from operating | (3 207) | 725 |
| activities | | |
--------------------------------------------------------------------------------
| Net cash generated from operating | (1 068) | 23 |
| activities from discontinued operations | | |
--------------------------------------------------------------------------------
| Cash flows from investing activities | | |
--------------------------------------------------------------------------------
| Proceeds from financial assets | 3 980 | 0 |
--------------------------------------------------------------------------------
| Interest received | 15 | (80) |
--------------------------------------------------------------------------------
| Purchase of property, plant and | (288) | (386) |
| equipment | | |
--------------------------------------------------------------------------------
| Proceeds from sale of property, plant | 18 | 304 |
| and equipment | | |
--------------------------------------------------------------------------------
| Loans granted | (4) | (108) |
--------------------------------------------------------------------------------
| Loan repayments received | 610 | 96 |
--------------------------------------------------------------------------------
| Net cash used in investing activities | 4 332 | (175) |
--------------------------------------------------------------------------------
| Net cash used in/generated from | 2 100 | 16 |
| investing activities from discontinued | | |
| operations | | |
--------------------------------------------------------------------------------
| Cash flows from financing activities | | |
--------------------------------------------------------------------------------
| Share issue | 5 248 | 1 800 |
--------------------------------------------------------------------------------
| Finance lease payments made | (678) | (1 131) |
--------------------------------------------------------------------------------
| Change in overdraft used | (2 504) | 711 |
--------------------------------------------------------------------------------
| Proceeds from borrowings | 116 | 0 |
--------------------------------------------------------------------------------
| Repayments of borrowings | (4 972) | (3 291) |
--------------------------------------------------------------------------------
| Net cash generated from financing | (2 790) | (1 910) |
| activities | | |
--------------------------------------------------------------------------------
| Net cash used in/generated from | (5) | (452) |
| financing activities from discontinued | | |
| operations | | |
--------------------------------------------------------------------------------
| NET (DECREASE)/INCREASE IN CASH AND | (640) | (1 773) |
| CASH EQUIVALENTS | | |
--------------------------------------------------------------------------------
| Cash and cash equivalents at the | 2 553 | 2 965 |
| beginning of the period | | |
--------------------------------------------------------------------------------
| Cash and cash equivalents at the end of | 1 914 | 1 191 |
| the period | | |
--------------------------------------------------------------------------------
Additional information:
Gunnar Kobin
Chairman of the Management Board
GSM: +372 5188111
E-mail: [email protected]