On the impact of coronavirus (COVID-19) on the activities of AS Ekspress Grupp
Responding to the situation in the Baltics and in the world, AS Ekspress Grupp is considering all possible and necessary steps to avoid spread of the virus, to protect our employees and to continue to provide our audience trustworthy and timely news reporting and other services the Group is offering.
Employees who have the possibilities work remotely from home. In cases where remote work is not possible, employees are provided with preventive measures at workplace.
Group’s management is analysing different scenarios and possibilities for cost reductions and other measures to manage financial impact. The Group has started temporary reductions of the salaries in our subsidiaries and in the parent company.
It is not yet possible to assess how much this will affect the company's economic results. We will inform the market participants in a separate notice of the changed conditions and circumstances.
AS Ekspress Grupp
Chairman of the Management Board
+372 512 2591
AS Ekspress Grupp is the leading media group in the Baltic States whose key activities include web media content production, publishing of newspapers and magazines and provision of printing services in Estonia, Latvia and Lithuania. Ekspress Grupp that launched its operations in 1989 employs 1700 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.