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Interim report January-March 2012

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Eniro’s first-quarter EBITDA rises more than 20 percent to SEK 156 M; total revenues in line with year-earlier period

FIRST QUARTER: JANUARY–MARCH 2012

  • Total operating revenues amounted to SEK 959 M (966), down 0.7 percent (-24). Organically, revenues declined 8 percent (-13). The difference between total revenues and the organic development is accounted for by directory revenues brought forward, as well as the acquisition of De Gule Sider of Denmark.
  • Online revenues increased 2 percent. The share of digital media revenues in relation to total revenues excluding for Voice rose 4 percentage points year-on-year to 77 percent
  • EBITDA increased to SEK 156 M (122), equal to an EBITDA margin of 16.3 percent (12.6)
  • Earnings per share for the period amounted to SEK -0.38 SEK (-0.51)
  • Eniro completed an extra loan repayment amounting to SEK 158 M
  • Operating cash flow increased by SEK 91 M and amounted to SEK 13 M (-78)

Events during the first quarter

  • Eniro, via the brand Kvasir Media, has launched the company’s growth initiative in Media products
  • Following indications from the Competition Authority, the Board of Directors of Eniro decided not to complete the acquisition of 118 800
  • Eniro is launching a large number of downloads of Eniro för iPad, a new app for iPad
  • Eniro appoints Sara Kullgren as new SVP Product & Service Development.

Following the close of the period  

  • The objective of reporting revenue growth as of 2012 has been revised from that of reporting organic revenue growth to that of reporting total revenue growth that also includes the acquisition of De Gule Sider of Denmark. The aim that EBITDA in 2012 will be in line with the 2011 level stands firm.

For more information, please contact:
Johan Lindgren, President and Chief Executive Officer, Ph: +46 (0)8-553 310 01
Mattias Lundqvist, CFO, Ph: +46 (0) 8-553 310 04
Cecilia Lannebo, Head of Investor Relations, Ph: +46 722 208 277, e-mail: cecilia.lannebo@eniro.com

This Press Release contains information that Eniro AB (publ) is required to disclose in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Market Act.

Eniro is the Nordic region’s largest search company. Both consumers and companies can use Eniro’s services to easily locate where to buy services and products – regardless of whether the channel is internet, catalog or mobile. Advertisers can actively market themselves to interested consumers, find new customers and increase sales. Better search means better business.

Eniro has 3,600 employees in the Nordic region and Poland and has been listed on Nasdaq OMX Stockholm since 2000. During 2011, Eniro’s revenues amounted to SEK 4,323 M and EBITDA was
SEK 991 M. Headquarters are located in Stockholm, Sweden. More on Eniro at www.eniro.com

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