First quarter: January–March 2017

  • Total operating revenue amounted to SEK 430 M (504), a decrease of 15%.
  • EBITDA decreased by 60% to SEK 55 M (136). The EBITDA margin was 12.8% (27.0%).
  • Net income for the period was SEK -62 M (-2).
  • Earnings per ordinary share for the period were SEK -0.14 (-0.03) before and after dilution.
  • On April 3 Eniro announced a recapitalization plan that has been drawn up in close cooperation with the Company’s lending banks.
  • The Board of Directors proposes that the 2017 Annual General Meeting resolve to not pay any dividend – neither for ordinary nor preference shares.  


Jan-Mar Jan-Mar Apr-Mar Jan-Dec
SEK M 2017 2016 2016/17 2016
Operating revenue 430 504 1 893 1 967
EBITDA 55 136 347 428
Adjusted EBITDA 56 119 377 440
Operating income -45 81 -790 -664
Net income for the period -62 -2 -920 -862
Cash flow from operating activities 10 65 162 217
Interest-bearing net debt excluding convertible bond and pension obligations -1,228 -1,211 -1,228 -1,217

Investor meeting

The Company will host an investor meeting at 15:00 CET on May 9, 2017. The presentation will be held in English. The purpose of the investor meeting is to give a presentation of the Company’s new business, an overview of the proposed Recapitalisation published on April 3 as well as the interim report for the first quarter 2017.

The presentation will be held by CEO and President Örjan Frid and CFO Fredrik Sandelin. A possibility will be given to follow the presentation live via webcast. The webcast, which will also be available on demand afterwards, will be accessible at

To participate in the conference call, please call one of the following numbers:

SE: +46 8 566 426 98 or

UK: +44 20 300 898 10

The investor meeting will be held at:

Pareto Securities

Berzelii Park 9

SE-103 91 Stockholm

To participate, please register via the following link 

The presentation material will be published before the conference starts on Eniro’s website, under Investor Relations. The webcast, and later the recorded version of the webcast and the conference call, will also be accessible via Eniro’s website.


  For more information, please contact:

Örjan Frid, President and CEO, Eniro, tel.  +46-70 561 1615

This information is information that Eniro AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on May 9, 2017.

Eniro is a leading search company for individuals and businesses in the Nordic region. With quality-assured content and an unrivaled user experience, Eniro inspires local discoveries and makes local communities thrive. Eniro’s content is available through Internet and mobile services, printed directories, directory assistance and SMS services. Each week Eniro Group’s digital services have 8.1 million unique visitors who perform 14.5 million searches. Eniro Group has about 1,700 employees and operations in Sweden, Norway, Denmark, Finland and Poland. The company is listed on Nasdaq Stockholm [ENRO] and headquartered in Stockholm. More on Eniro at

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 Eniro – Discover local. Search local.


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