Ekspress March Sales Rise Annual 11.8% on Newspaper Purchase

AS Ekspress Grupp, the only publicly traded Baltic media company, said sales increased 11.8 percent in March from a year earlier after the acquisition of a 50 percent stake in newspaper publisher Eesti Paeevalehe AS last month.

Sales growth, normalized at Ekspress Grupp’s former 50 percent shareholding, was 6.8 percent, the Tallinn-based company said in a regulatory statement today. Sales on Internet portal Delfi Estonia rose by about 30 percent, it said.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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