Eniro’s interim report 2019
Eniro publishes the interim report for the first six months 2019. 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 2019
- Total operating revenue amounted to SEK 285 M (363), a decrease with 21%. Excluding Eniro Polska, which was divested in October 2018, the decrease is 8%.
- Restructuring costs amounted during the second quarter to SEK 12 M (0)
- EBITDA amounted to SEK 36 M (61). The EBITDA margin was 12.6% (16,8%).
- Net income for the period was SEK -25 M (-13).
- Earnings per ordinary share for the period were SEK -0.39 (-0.21) before and after dilution.
- New Board of Directors after the Annual General Meeting on 9 May 2019: re-election of Johnny Sommarlund, Magdalena Bonde and Henrik Salwén as well as new election of Arne Myhrman and Urban Hilding. Arne Myhrman was elected Chairman of the Board.
- Magdalena Bonde was appointed new President and CEO and will take office on 18 July 2019.
- An agreement concerning the divestment of Proff was signed on 20 May 2019. The buyers were Asiakastieto Group Plc. and UC AB. The purchase consideration amounted to SEK 120 M and interest of approximately SEK 3 M. The transaction was completed in July 2019.
- In accordance with the resolution of the Annual General Meeting, the share capital in Eniro AB was reduced by SEK 557 M to approximately SEK 641 M for covering of accumulated loss. The reduction did not result in any shares being retired, which meant that the quota value of the shares declined.
HALF YEAR: JANUARY - JUNE 2019
- Total operating revenue amounted to SEK 560 M (717), a decrease with 22%. Excluding Eniro Polska, the decrease is 9%.
- EBITDA decreased by 45% to SEK 60 M (109). The EBITDA margin was 10.7% (15.2%).
- Net income for the period was SEK -63 M (-10).
- Earnings per ordinary share for the period were SEK -0.98 (-0.18) before and after dilution.
EVENTS AFTER THE END OF THE REPORTING PERIOD
- The divestment of the Proff companies to Asiakastieto Group Plc. and UC AB was completed on 1 July 2019, upon which a cash consideration of SEK 120 M and an interest payment of approximately SEK 3 M were received.
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|
Apr-Jun | Apr-Jun Jun | Jan-Jun | Jan-Jun | Jul-Jun | Jan-Dec |
| SEK M | 2019 | 2018 | 2019 | 2018 | 2018/19 | 2018 |
| Operating revenue | 285 | 363 | 560 | 717 | 1,236 | 1,393 |
| EBITDA | 36 | 61 | 60 | 109 | 157 | 206 |
| Adjusted EBITDA | 35 | 60 | 47 | 109 | 147 | 209 |
| Operating income | -8 | 22 | -28 | 31 | -572 | -513 |
| Net income for the period | -25 | -13 | -63 | -10 | -641 | -588 |
| Cash flow from operating activities | -3 | 20 | 6 | 9 | 42 | 45 |
| Interest-bearing net debt excluding convertible bond and pension obligations | -988 | -830 | -988 | -830 | -988 | -822 |
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 July 18, 2019.
Eniro is a Digital marketing- and On-line 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, directory assistance and SMS services. Each week, Eniro Group’s digital services have about six million unique visitors. Eniro Group has about 1,100 employees and operations in Sweden, Norway, Denmark and Finland. The company is listed on Nasdaq Stockholm [ENRO] and headquartered in Stockholm. More about Eniro at enirogroup.com.
This document has been prepared in Swedish and translated into English. In the event of any discrepancies between the Swedish and the translation, the former shall take precedence.