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Ekspress Grupp’s subsidiary Delfi Latvia facing contractual dispute regarding advertising sales

The Baltic media group says that its Latvian subsidiary has been hit by an insolvency application filed by a third-party advertising firm (SIA Ekis & Co‑Positioning and Consulting), over a dispute tied…

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Ekspress Grupp’s subsidiary Delfi Latvia facing contractual dispute regarding advertising sales
The Baltic media group says that its Latvian subsidiary has been hit by an insolvency application filed by a third-party advertising firm (SIA Ekis & Co‑Positioning and Consulting), over a dispute tied to invoicing for advertising services, reportedly about €200,000.

Delfi Latvia is disputing the billing method and consequently taking legal action. The management are insisting that the issue is handled through normal channels, as they say it is a commercial disagreement rather than a financial crisis. They also emphasize it doesn’t materially affect Delfi’s day-to-day operations or broader financial health. In 2024, Delfi Latvia reported €5.5 million in revenue and a €594,281 profit, confirming the subsidiary remains financially stable. 

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