As a result of the activities implemented over the last five years, the group is less dependent on printing services, the CEO added. Lk 26 Lk 25 Vrtpaberitega seotudmotivatsiooniskeemidttajatele Adjusted net income is a non-IFRS measure that the Company uses to further assess its operating performance.
In the final quarter ofthe group's consolidated sales revenue moved up In accordance with IFRS, revenue increased Digital subscriptions in Estonia and Latvia increased the most. In Lithuania, Ekspress Grupp began providing paid content in the third quarter, and its results are likewise encouraging. The company will continue making efforts in upcoming years to increase digital subscriptions in all three Baltic states.
Ekspress Grupp consistently continues to implement its long-term growth and investment strategy in digital revenues in order to transition from print to digital. As a result of the activities implemented over the last five years, the group is less dependent on printing services, the CEO added. To explain the difference between the indicators from the group's internal accounting and reporting in accordance with IFRS, Ekspress Grupp said that where in its consolidated financial reports, 50 percent joint ventures are recognized under the equity method in compliance with IFRS, in its monthly reports, the management monitors the group's performance on the basis of proportional consolidation Stock Stock Options IFRS joint ventures, and the loan contract and note terms and conditions also determine the calculation of some covenants by proportional consolidation.
For the purpose of clarity, the management report shows two sets of indicators: one where joint ventures are consolidated line-by-line, and the other where joint ventures are recognized under the equity method and their net result is presented as financial income in one line. Editor: Aili Vahtla.