Eniro’s interim report 2018
Eniro publishes the interim report for the first six months 2018. The report is available on the company’s website www.enirogroup.com. This is an unofficial translation for convenience purposes only.
SECOND quarter: APRIL–JunE 2018
- Total operating revenue amounted to SEK 363 M (445), a decrease of 18%. Excluding Print, which was discontinued during 2017, total operating revenue decreased 13%.
- EBITDA amounted to SEK 61 M (61). The EBITDA margin was 16.8% (13.7%).
- Net income for the period was SEK -13 M (-25).
- Earnings per ordinary share for the period were SEK -0.21 (-3.89) before and after dilution.
- At the end of the quarter, more than 75% of the customers in Sweden, Norway and Denmark was included in the new scalable business model based on subscription-based contracts.
- Eniro Finland acquired Finnish Elisa’s outsourcing operations in customer service and corporate switchboards. The acquisition strengthens Eniro’s position as the leading developer and provider of customer service solutions in Finland.
HALF YEAR: JaNUARY–JUNE 2018
- Total operating revenue amounted to SEK 717 M (877), a decrease of 18%. Excluding Print, which was discontinued during 2017, total operating revenue decreased 14%.
- EBITDA decreased by 9% to SEK 109 M (120). The EBITDA margin was 15.2% (13.7%).
- Net income for the period was SEK -10 M (-76).
- Earnings per ordinary share for the period were SEK -0.18 (-13.45) before and after dilution.
- Operating costs, were under the first half year SEK 145 M lower than corresponding period last year, largely due to the completed cost saving program.
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Apr-Jun | Apr-Jun* | Jan-Jun | Jan-Jun* | Jul-Jun | Jan-Dec* |
| SEK M | 2018 | 2017 | 2018 | 2017 | 2017/18 | 2017 |
| Operating revenue | 363 | 445 | 717 | 877 | 1,489 | 1,649 |
| EBITDA | 61 | 61 | 109 | 120 | 215 | 226 |
| Adjusted EBITDA | 60 | 88 | 109 | 154 | 251 | 296 |
| Operating income | 22 | 6 | 31 | -35 | 52 | -14 |
| Net income for the period | -13 | -25 | -10 | -76 | 190 | 124 |
| Cash flow from operating activities | 20 | -6 | 9 | 4 | 10 | 5 |
| Interest-bearing net debt excluding convertible bond and pension obligations | -630 | -1,248 | -630 | -1,248 | -630 | -575 |
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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08.30 on August 14, 2018.
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 million unique visitors. 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.