ÄRIPÄEV AS

In 2024, AS Äripäev continued to develop and expand its product portfolio, with the aim of continuing to be the largest, more professional and comprehensive business media information provider in the Estonian market. In October 2023, Äripäev Pro Pack was launched, which allows customers to access companies and commercial data, Financial Times stories, podcasts and other high -value information material. All Äripäev websites passed a fresh design in 2024, which is clearer and more user -friendly and added a number of practical features, such as sector -based company health indicators, Estonian economy indicators and debt register data. The energy consumption of the websites decreased four times and the charging speed improved twice.

In May last year, a sustainability site was opened as the "Sustainability News" "Sustainability News", which focuses on conferences, trainings, podcasts and books in particular.

In November, the first phase of the replacement of Äripäev's customer software, one of the largest software investments of the year, ended. Äripäev also signed a cooperation agreement with the magazine Kalutista, and there is an entry to the market for consumers.

In addition, Äripäev Information Property publications have completely digitized, providing a comprehensive digital information tool with search and audio and video chapters.

The new website of the Info Bank provides a better mobile experience, faster navigation, strong SEO result and more convenient ordering. The Info Bank's Debt Register Service now allows debt to be made through Äripäev and theme websites. The new platform is more user -friendly and offers better customer management.

Sustainability will also be focused on the organization of conferences and events in 2024, preferring renewable energy and environmentally friendly solutions and reducing the use of paper materials.

In order to mitigate the risks, the product portfolio is expanded and updated according to the customer's needs and changes in input prices will be monitored.

In 2024, 354 thousand euros were paid to the members of the Management Board. The contract for the members of the Management Board contains the condition that, upon release of a member of the Management Board, the company pays a 12 -month fee as a departure benefit.

Last year we finished our test pilot in Latvia. The independence of the business there and our owner company Bonnier News Latvia SIA.

The annual report of AS Äripäev 2024 shows several important economic communications that can be analyzed as follows:

1. The turnover
In 2024, the turnover was 20.7 million euros, which is essentially the same as last year (20.7 vs. 20.73 million euros). This shows stability in sales revenue that is positive in the economic challenges of the economic environment.

2. Business profit and business profit margin
Business profit increased by 5% from 2.24 million to 2.35 million euros. The operating profit margin was 11.4% (2023: 10.8%). This is a good result, showing increasing profitability and more efficient activities.

3. Net profit margin
The net profit was EUR 2.3 million, which provides a net profit margin of approximately 11%. This is a strong indicator that reflects the company's ability to keep good profits even after all costs and payments.

4. ROE (equity return)
The 2024 year ROE was 81.7%, which is extremely high and shows that the company is able to make a big profit for its equity. This may also be due to the low equity share (see below), but in general it is a very good return.

5. ROA (Property of assets)
Property yield (ROA) was 23.8%, which shows the company's good capacity to make a profit from all assets. This figure is also very strong and talks about effective property management.

6. Equity and equity share
At the end of the report, the equity was EUR 2.81 million and the balance sheet total was EUR 9.6 million, which means approximately 29%of the equity. This means that the company also significantly uses foreign capital. Low equity share may increase financial risk, but also provide an opportunity for higher leverage.

7. Liquidity
Money and money equivalents accounted for EUR 6.8 million in the balance sheet, while short -term liabilities were EUR 6.8 million. Liquidity is stable because cash flows are balanced. The company also manages cash flow efficiently with a group account.

8. Number of employees and labor costs
The average number of employees, reduced to full -time, was 224 (230 years earlier) and labor costs were slightly 10.8 million euros. This shows some of the staff optimization with costs.

9. Investing in intangible assets and software
Given the great contribution to software development (read: new websites, customer software), the company is investing in strengthening digital channels, which is positive for the future strategy.

In conclusion:
The financial indicators of AS Äripäev are generally strong and stable in 2024. Profitability has increased and the company's financial position is certain, although the share of equity could be stronger for risk management. The company has effectively managed costs and invested in its product portfolio in digital development, which creates good prerequisites for sustainable growth.

In the reporting year 2024, AS Äripäev's revenue was 20.7 million euros, which is practically the same as last year (EUR 20.7 million). Business profit increased from 2.24 to 2.35 million euros, showing an improvement in profitability. According to the cash flow report, the net amount of the cash flows of the business was EUR 1.75 million, which is lower compared to 2.94 million compared to the previous year and the investment activities were negative (-0.14 million euros). Paid dividends grew to 2.1 million (1.8 million last year). The total amount of assets was almost unchanged in the balance sheet of EUR 9.6 million, but short -term liabilities decreased from 7 million to 6.8 million and equity increased from EUR 2.6 million to EUR 2.8 million. All in all, the company retained stable sales, improved profitability and equity, but the free part of the cash flow was smaller than last year.

In 2024, software development investments were made of EUR 1.0 million (1.1 million euros a year earlier). Larger improvements focused on websites, information bank and new customer software. 352 thousand euros (184 thousand euros last year) were spent on purchasing material and intangible assets. The fixed assets of intangible assets contain online platforms and cost 840 thousand euros, with a residual cost of 606 thousand euros.

The company has leased premises and passenger cars and 518 thousand euros (498 thousand euros last year).

There is no specific information on future investments in the report.

- In May 2024, the sustainability site was opened as the "Sustainability News" "Surprecration News".
- The first phase of the replacement of Äripäev's customer software in November ended.
- From the beginning of 2025, Äripäev will become completely digital publications.
- As inflation in Europe has been teamed, interest levels in 2024 fell and continue to fall in 2025.
- The last printed edition of Äripäev was published in December 2024.
- The corporate tax associated with the payment of dividends shall be recognized as a liability and in the income statement as income tax expenses during the same period as the dividends are declared, the income tax liability liability will result in dividend payments on the 10th of the month following the month following.
- In 2024, the annual cooperation agreement was signed with a magazine Kalutista, where they entered the market for consumers.
- In Latvia, Äripäev tested a test pilot, the independence of the local business was supported by the parent company by registering a separate company Bonnier News Latvia SIA.
- In addition to the publication of the "Wonderful History" and "Wonderful Science of the More Readed Magazines of Estonia, in 2024, they will continue their digitalization.

Äripäev continues to pay attention to internal environmental and social responsibility. In cooperation with the parent company Bonnier Group AB, the measurement of the company's ecological footprint was started in 2021 to start developing a sustainable business plan. Each year, resource use (energy, paper, tools, transportation, distribution costs, technological pollution) are measured and habits of employee work were mapped. Since 2022, Äripäev uses renewable energy in the office, which has reduced the CO2 footprint of the office space by nearly 85% and the level is maintained. The development of paperless work and efficiency of waste management will continue. The growth of the energy efficiency of online platforms helps to reduce the footprint and internal developments reduce the technological costs and the burden on the environment.

The well -being of employees is supported with mental health services, sports support and health promotion. Through satisfaction polls and internal training are conducted. Teams have the opportunity to attend joint events and charity initiatives.

In 2024, separate attention was paid to the sustainability in the organization of conferences and events. The goal is to give society value without being overloaded with the environment. In the event of events, partners who follow the principles of sustainability are selected, tap water and reusable bottles, local and vegetable foods, reusable dishes and avoid printing materials. Sorting and reusing garbage is a natural part of events. Guests are advised to use environmentally friendly transport. If possible, renewable energy and sustainable lighting solutions are used. Accepting paper shots and introducing digital posts has been an important step that customers have positively evaluated. The most exemplary sustainability event was the ESG Practitioners' Conference in 2024. Event E-shop shares principles to raise awareness and support positive choices.