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Interim report January-September 2011

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Strong development of EBITDA and forecast of organic growth 2012 stands firm

Third quarter: July – September 2011

  • Operating revenues totaled SEK 1,012 M (1,135), an organic decline of 8 percent
  • Online revenues rose with 2 percent
  • EBITDA amounted to SEK 267 M (-371), equal to an EBITDA margin of 26 percent
  • Goodwill impairment in Poland and Voice in Norway totaled SEK 380 M (4,261); no impairment requirements in core business
  • After goodwill impairment of SEK 380 M, the result for the period was SEK -340 M (-4,666)
  • Net income per share amounted to SEK -3.39 (-285.14)
  • The terms of the loan agreement are fulfilled.


First nine months: January – September 2011

  • Operating revenues totaled SEK 3,129 M (3,844), an organic decline of 10 percent
  • Online revenues rose with 3 percent, Sweden the largest market grew 11 percent
  • EBITDA amounted to SEK 672 M (196), equal to an EBITDA margin of 21 percent (5)
  • Net income amounted to SEK -338 M (-4,768), including impairment of SEK 380 M
  • Net income per share amounted to -3.37 SEK (-291.37)

Significant events after the end of the period

  • Cost-savings target for 2011 increased by SEK 100 M to SEK 350 M
  • Eniro acquires the directory enquiries service 118 800
  • Eniro Norway concentrates its operations and will discontinue the Gule Sider directory during 2012
  • A more precise forecast for 2011 and 2012 is presented

For further information, please contact:
Johan Lindgren, President and CEO
Ph: +46 8 553 310 01

Mattias Lundqvist, CFO
Ph: +46 8 553 310 04

Cecilia Lannebo, Head of Investor Relations
Ph: +46 722-208 277, email: 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 3,700 employees in the Nordic region and Poland and has been listed on Nasdaq OMX Stockholm since 2000. During 2010, Eniro’s revenues amounted to SEK 5,326 M and EBITDA was
SEK 605 M. Headquarters are located in Stockholm, Sweden. More on Eniro at www.eniro.com

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