Eniro acquires DA business in Finland and exit Ukraine

Through the acquisitions of the Directory Assistance Businesses in the cities of Joensuu, Jyväskylä and Tampere, Eniro will strenghten its geographical coverage and market position in the DA business in Finland.

The combined acquisition price for the Directory Assistance Businesses of Soon Com Oy and TikkaCommunications Oy is 25 MSEK and the transactions will increase the Eniro Group's goodwill by the same amount.The goodwill amortizations will be tax deductible.The combined annual operating revenues are 13 MSEK with an operating income before depreciations (EBITDA) of 5 MSEK.The acquisition multiple is approximately 5 times EBITDA and the acquisitions are expected to have a positive effect on cash earnings per share as well as on earnings per share from 2004. Eniro is one of Europe's leading suppliers of search-related services and one of the largest Internet players in Northern Europe. Eniro's business concept is to facilitate trade by connecting buyers and sellers.This is achieved by providing information on the user's terms whenever a purchase need arises. In Finland, Eniro already operates a nationwide directory assistance service - Eniro:0100100 - and a directory assistance service - 118 - for Elisa and Radiolinja subscribers. Through the acquisitions, Eniro Finland will also operate directory assistance service - 118 - for Soon Com in Tampere, Kestel in Jyväskylä and for TikkaCom subscribers in Joensuu. The acquisitions will be finalized in the beginning of January 2004.   Exit  in Ukraine Eniro is exiting Ukraine through the sale of its operation, TeleMedia Ukraine, as per Dec 31, 2003. The exit will have no financial impact on the result of 2003. The operating revenues forTeleMedia Ukraine amounts to approximately 5 MSEK annually with a breakeven EBITDA.The operation has 80 employees.   For information Lars Guldstrand, President and CEO, Tel. +46 8 634 70 01, +46 70 528 81 81 Lennart Bernard, CFO, Tel + 46 8 634 70 30, +46 70 825 18 34 Boel Sundvall, VP Communications & IR, Tel +46 8 634 70 06, +46 70 560 60 18 www.eniro.com  

About Us

Eniro is a search company that aggregates, filters and organizes local information. Our growth is driven by users’ increasing mobility and multiscreen behavior, where we are at the forefront with modern technical solutions. For more than 100 years Eniro has helped people find local information and companies find customers. Today it is a multiscreen solution – our users search for information using their smart phones, tablets and desktops. Mobile advertising is today the fastest growing part of Eniro’s business. Eniro is the local search engine. A smart shortcut to what you need, no matter where you are or where you are going. Eniro is one of the largest search companies in the Nordic region and Poland. The company has approximately 2,000 employees and has been listed on NASDAQ Stockholm since 2000. During 2014, Eniro revenues amounted to SEK 3,002m and EBITDA was SEK 631m. Approximately 88 percent of Eniro advertising revenues come from multiscreen channels. The company’s headquarters are located in Stockholm, Sweden. More on Eniro at www.enirogroup.com. Eniro – Discover local. Search local.

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