Ekspress Grupp

Earnings Release • Oct 12, 2022

Company	AS Ekspress Grupp
Type	Company Release
Category	Other corporate action
Disclosure time	12 Oct 2022 08:00:00 +0300

Currency

Title

Results for digital subscriptions of AS Ekspress Grupp in the 3rd quarter of 2022

The number of digital subscriptions of AS Ekspress Grupp increased by 21% in total in the Baltic States year-over-year and totalled 151 430 at the end of September.

• * The number of digital subscriptions of AS Delfi Meedia that publishes the news portal Delfi, newspapers Eesti Päevaleht, Maaleht, Eesti Ekspress and several popular magazines increased by 7% year-over-year (3(rd) quarter: -7%, first 9 months: 4%) and totalled 77 920.
• * The number of digital subscriptions of AS Õhtuleht Kirjastus, 50% of which is owned by Ekspress Grupp, increased by 23% year-over-year (3(rd) quarter: 6%, first 9 months: 12%) and totalled 23 548.
• * The number of digital subscriptions of Geenius Meedia OÜ increased by 51% year-over-year (3(rd) quarter: 14%, first 9 months: 26%) and totalled 5 162.
• * In Latvia, the number of digital subscriptions of Delfi A/S increased by 40% year-over-year (3(rd) quarter: 16%, first 9 months: 20%) and totalled 21 035.
• * In Lithuania, the number of digital subscriptions of Delfi increased by 61% year-over-year (3(rd) quarter: 7%, first 9 months: 36%) and totalled 23 765.

Comments by the Chairman of the Management Board of Ekspress Grupp, Mari-Liis Rüütsalu:

"In a year-over-year comparison, the number of digital subscriptions of Ekspress Grupp continued to demonstrate fast growth and reached 21 per cent in total. The number of digital subscriptions of Õhtuleht increased the most which shows that the customer groups who until now had preferred periodicals published on paper are also beginning to consume more and more digital media. In percentage terms, the number of digital subscriptions increased the most in Lithuania and Latvia where the transition to digital subscription models started later than in Estonia and where we also expect to see further growth potential in the near future.

The number of digital subscribers of our company with the largest number of

Finantsinspektsioon http://www.fi.ee

readers Delfi Meedia increased by 7 per cent year-over-year in Estonia. However, it decreased by 7 per cent as compared to the previous quarter. The quarterly drop was related to the one-off decision to cancel intermediation of digital subscriptions to the customers of the telecommunications company Telia and focus directly of the sale of subscriptions to the end customer. We are witnessing a long-term positive effect of this decision on the revenue growth of Delfi Meedia. Without accounting for the termination of subscriptions of Telia, the number of digital subscriptions of Delfi Meedia increased by 3 per cent in Estonia in the last quarter and by 21 per cent year-over-year."

Detailed overview of digital subscriptions

30.09.2022 30.06.2022 change 31.12.2021 change 30.09.2021 change

AS Delfi Meedia	77 920	84 072	-7%	74 873	4%	72 860	7%
AS Õhtuleht Kirjastus	23 548	22 281	6%	20 992	12%	19 198	23%
Geenius Meedia OÜ	5 162	4 523	14%	4 100	26%	3 411	51%
Delfi AS (Latvia)	21 035	18 190	16%	17 549	20%	15 030	40%
Delfi UAB (Lithuania)	23 765	22 256	7%	17 433	36%	14 786	61%
Total Ekspress Grupp	151 430	151 322	0%	134 947	12%	125 285	21%

One of the long-term goals of Ekspress Grupp is to increase the volume of digital subscriptions in the Baltic States to 340 thousand subscribers by the end of 2026 which is approximately 2.5 times higher than at the year-end 2021.

Signe Kukin Group CFO AS Ekspress Grupp Telephone: +372 669 8381 E-mail address: signe.kukin@egrupp.ee (mailto:signe.kukin@egrupp.ee)

AS Ekspress Grupp is the leading Baltic media group whose key activities include web media content production, publishing of newspapers, magazines and books. The

Finantsinspektsioon http://www.fi.ee

Group also operates an electronic ticket sales platform and ticket offices in Estonia and Latvia. Ekspress Grupp that launched its operations in 1989 employs over 1400 people, owns leading web media portals in the Baltic States and publishes the most popular daily and weekly newspapers as well as the majority of the most popular magazines in Estonia.

Finantsinspektsioon http://www.fi.ee