The Supervisory Board of AS Ekspress Grupp has approved the dividend policy
13 Octubre 2021 - 12:31AM
The Supervisory Board of AS Ekspress Grupp has approved the
dividend policy
The Supervisory Board of AS Ekspress Grupp has
approved the group’s dividend policy, under which Ekspress Grupp
will distribute at least 30% of its annual profit as dividends from
2022 onwards.
The capital structure of Ekspress Grupp needs to
be strong and sustainable to maintain its desired operational
freedom and make use of growth opportunities throughout various
economic cycles. The group’s task is to maintain a conservative
capital structure so as to provide flexibility to the company in
order to comply with the requirements set for raising debt when
making new investments.
In order to support its growth, Ekspress Grupp
has set an objective to ensure an optimal level of investments,
loan repayments and profit allocation from the point of view of the
group and its investors.
The group will distribute at least 30% of its
previous year’s profit under the condition that it has sufficient
cash to fund its core activities and make new strategic
investments. In those years when the economy slows down or when
cash flows are poor due to other reasons, the group may reduce the
dividend payout ratio or decide not to pay dividends.
Signe Kukin CFO of the Group AS Ekspress Grupp +372 669
8381 signe.kukin@egrupp.ee
AS Ekspress Grupp is the leading media group in
the Baltic States whose key activities include web media content
production and publishing of newspapers and magazines. The Group
also manages the electronic ticket sales platform and ticket sales
sites in Estonia and Latvia. Ekspress Grupp that launched its
operations in 1989 employs almost 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.
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