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.
|Operating revenue||430||504||1 893||1 967|
|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|
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 https://tv.streamfabriken.com/eniro-q1-2017.
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:
Berzelii Park 9
SE-103 91 Stockholm
To participate, please register via the following link http://www.financialhearings.com/event/9848/register/live_event
The presentation material will be published before the conference starts on Eniro’s website, www.enirogroup.com 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 enirogroup.com.