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Ekspress Grupp improved its quarterly results (traders.lt)

Ekspress Grupp pagerino ketvirčio veiklos rezultatus (traders.lt)

The media group Ekspress Grupp, which also operates in our country and whose shares are traded on the Tallinn Stock Exchange, today presented its performance results for the last quarter, which managed to improve, and profits grew faster than revenues. Today its shares are cheap: Ekspress Grupp 1 (-0.5%) .

This time, the mentioned group's quarterly income reached 19.631 million. euros, or six percent more than a year ago during the same period.

The EBITDA profit of Ekspress Grupp increased by twenty-seven percent during the mentioned period to 3.042 million. euros, and the net profit – as much as 67.5 percent to 1.025 million. euros.

In total, after the first half of this year, the income of this group reaches 35.851 million. euros, or about two percent more than during the same period in 2023. EBITDA profit fell by two percent to 3.484 million. EUR, and the net loss increased from 0.118 to 0.197 million. euros.

Since the beginning of this year, the market value of Ekspress Grupp has shrunk by 22.5 percent, and in the last one year – by thirty-two percent. For comparison, the OMX Tallinn GI index fell by 1.6 and 8.2 percent, respectively.

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