EESTI NÄITUSTE AS

ANNOUNCEMENT

22.07.1999 

 

COMMENTARY TO H1 1999 FINANCIAL RESULTS

 

The H1 1999 net sales of Eesti Näituste AS amounted to 23.133 

million 

EEK, which accounts for 60.9% of 1999 net turnover forecast. 

Compared 

to the respective period in 1998, net turnover has decreased by 

14.8%.

 

The 3rd international fair ESTONIA BUILDS was larger than all 

similar 

fairs organized so far by both number of participating companies as 

well as net turnover.

 

Eesti Näituste AS also initiated a new project, the DENTAL FAIR. 

Most 

of the Estonian companies selling dental equipment or providing 

dental services were represented in the fair.

 

The area of exhibition and number of participating companies in 

triple fair ENEREX*LAMP*ELCOMATIC increased.

 

- several traditional fairs had less visitors than initially 

projected -  ELTEX (organized by OÜ Eltevik), TEEVIIT*BOOK FAIR 

(Ministry of Education);  HORECA BALTIC*VINORUM*SHOP BALTIC (Expo 

Balticum OÜ), COMPUTER (Association of Estonian Computer 

Companies), 

MAINTENANCE (Finnish company Expomark OY);

 

- due to low interest, the agricultural equipment fair AGROTEC 

(organizer OÜ Fragmentor) was cancelled.

 

Proceeding from the cyclical nature of international automobile and 

technical equipment fair MOTOREX in Tallinn, MOTOREX `99 had less 

exhibitions than in 1998, when the fair was also recommended by the 

Organization of International Car Producers (OICA).

 

Proceeding from consolidation of security companies and market 

segmentation, the number of participating companies in the fair 

SECURITY was lower than last year.

 

As IDEAL HOME and TALLINN FURNITURE AND INTERIOR DECORATION fairs 

will be combined in spring 2000, the area of exhibition and number 

of 

participating companies in IDEAL HOME fair of this spring 

decreased.

 

Unaudited H1 1999 net profit figure of Eesti Näituste AS amounted 

to 

5.921 million EEK, which is 24.9% less than during the same period 

last year.

 

 

Helle Kallas

Financial Director