AS Ekspress Grupp Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Earnings Guidance for the Fourth Quarter of 2016
October 31, 2016 at 11:09 am EDT
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AS Ekspress Grupp reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported sales revenue of EUR 12,205,000 compared to EUR 12,105,000 for the same period of last year. Operating profit was EUR 867,000 compared to EUR 1,230,000 for the same period of last year. Profit before income tax was EUR 970,000 compared to EUR 1,249,000 for the same period of last year. Net profit attributable to equity holders of the parent company was EUR 902,000 compared to EUR 1,210,000 for the same period of last year. Basic and diluted earnings per share were EUR 0.03 compared to EUR 0.04 for the same period of last year. EBITDA was EUR 1,932,000 compared to EUR 2,143,000 reported a year ago. ROA was 1.2% compared to 1.6% reported a year ago. ROE was 1.9% compared to 2.5% reported a year ago.
For the nine months, sales revenue was EUR 38,581,000 compared to EUR 37,962,000 for the same period of last year. Operating profit was EUR 2,439,000 compared to EUR 2,202,000 for the same period of last year. Profit before income tax was EUR 2,661,000 compared to EUR 2,351,000 for the same period of last year. Net profit attributable to equity holders of the parent company was EUR 2,538,000 compared to EUR 2,247,000 for the same period of last year. Basic and diluted earnings per share were EUR 0.09 compared to EUR 0.08 for the same period of last year. Net cash generated from operating activities was EUR 3,560,000 compared to EUR 3,334,000 for the same period of last year. Purchase of property, plant and equipment was EUR 866,000 compared to EUR 1,429,000 for the same period of last year. EBITDA was EUR 5,507,000 compared to EUR 5,148,000 reported a year ago. ROA was 3.3% compared to 2.9% reported a year ago. ROE was 5.2% compared to 7% reported a year ago. Net debt was EUR 15,443,000 as on September 30, 2016.
Outlook for the next quarter and the whole year has turned even more modest. However, the company expects small growth in online media and the recovery of the printing services segment in fourth quarter which keeps quarterly revenue and EBITDA on the same level as last year. The shortage from beginning of the year remains to be unreachable.
Ekspress Grupp AS is an Estonia-based company that is principally engaged in the printing and publishing sector. The Company operates through three segments: Online media, Periodicals and Printing services. The Online media segment provides the administration of online classified portals and intermediation of Internet advertising services. The Periodicals segment is engaged in the publishing of newspaper, magazines, custom publications and books in Estonia and Lithuania. The Printing services segment provides printing and related services. It is active through its subsidiaries, joint ventures and associated companies, including UAB Ekspress Leidyba, UAB Adnet media, AS Express Post, AS Linnaleht and OU Hea Lugu, among others. The Company is active in Estonia, Latvia, Lithuania, the Russian Federation and Finland, among others.
AS Ekspress Grupp Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Earnings Guidance for the Fourth Quarter of 2016
AS EKSPRESS GRUPP 