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  • Online revenues continue to grow, and cash flow is improving. EBITDA is developing according to plan towards the full year target.
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Online revenues continue to grow, and cash flow is improving. EBITDA is developing according to plan towards the full year target.

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Second quarter: April–June 2013

  • Online revenues grew organically by 3 percent (1). Of total product and company searches, the mobile channel accounts for 29 percent.
  • The digital media proportion of total revenues is growing and amounts to 80 percent (73).
  • The organic declined was 4 percent. Total operating revenues amounted to SEK 893 M (1 001), a decrease of 11 percent (decrease: 13). Currency effects, divested businesses and earlier publication of catalogs compared with the year-earlier period had a negative effect of approximately 7 percent.
  • EBITDA amounted to SEK 234 M (251), corresponding to an EBITDA margin of 26.2 percent (25.1). Adjusted EBITDA was SEK 247 M (260).
  • Net profit amounted to SEK 80 M (156, of which SEK 113 M in capital gain).
  • Earnings per common share for the period were SEK 0.66 (1.48, 0.35 excl. capital gain).
  • Operating cash flow increased to SEK 103 M (100).

Half year: January–June 2013

  • Online revenues increased by 3 percent during the period (1).
  • Total operating revenues amounted to SEK 1,779 M (1,960), a decrease of 9 percent (-7).
  • EBITDA totaled SEK 404 M (407), corresponding to an EBITDA margin of 22.7 percent (20.8).
  • Earnings per common share for the period increased to SEK 1.41 (1.09).
  • Operating cash flow amounted to SEK 191 M (113), an increase of SEK 78 M.

Events during the second quarter

  • Eniro signed a commitment letter for new, long-term financing for the company. All six banks in the company’s banking consortium are included in the agreement. The loan amounts to SEK 3 billion and has been contracted with interest rate terms that are in line with the previous agreement. In connection with the renegotiation of the financing, the company’s loan debt has decreased by approximately SEK 200 M.
  • Eniro acquired a majority interest in Bloggerfy, one of the Nordic region’s largest blog networks. As a result of the acquisition, Eniro has established a strong position in the social advertising channel in Sweden and Norway. The purchase consideration was SEK 0.5 M.

For more information, please contact:
Johan Lindgren, President and CEO, Tel: +46 8 553 311 14
Mattias Lundqvist, CFO, Tel: +46 8 553 310 04
Cecilia Lannebo, Head of Investor Relations, Tel: +46 722 208 277, e-mail: cecilia.lannebo@eniro.com

The information is such that Eniro AB (publ) is required to disclose in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Market Act. The information was submitted for publishing at 08:00 a.m. on July 16, 2013.

Eniro is the local search engine. A clever shortcut to what you need, at home or away. Both consumers and companies can use Eniro’s services to easily locate where to buy services and products – regardless of whether the channel is the Internet, catalog or mobile. Advertisers can actively market themselves to interested consumers, find new customers and increase sales. Eniro is one of the largest search companies in the Nordic region and Poland. The company has approximately 3,200 employees and has been listed on Nasdaq OMX Stockholm since 2000. During 2012, Eniro’s revenues amounted to SEK 3,999 M and EBITDA was SEK 976 M. Headquarters are located in Stockholm, Sweden. More on Eniro at www.enirogroup.com

Eniro – Discover local. Search local.

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