Best result in 11 years

• Net sales for the quarter amounted to SEK 239 million (240).
• Operating result amounted to SEK 24 million (2). 
• EBITDA amounted to SEK 42 million (22), with an EBITDA-margin of 17.6 percent (9.2).¹⁾
• Adjusted EBITDA amounted to SEK 42 million (24).¹⁾
• Result before income tax amounted to SEK 19 million (3).
• Net result for the period amounted to 29 million (10).
• Earnings per share before and after dilution amounted to SEK 0.04 (0.01).
• Cash flow from current operations amounted to SEK 64 million (53).

• Net sales for the period amounted to SEK 951 million (960).
• Operating result amounted to SEK 72 million (4).
• EBITDA amounted to SEK 143 million (87), with an EBITDA-margin of 15.0 percent (9.1).¹⁾
• Adjusted EBITDA amounted to SEK 143 million (97).¹⁾
• Result before income tax amounted to SEK 57 million (-10).
• Net result amounted to SEK 68 million (-4).
• Earnings per share before and after dilution amounted to SEK 0.09 (-0.03).
• Cash flow from current operations amounted to SEK 109 million (52).
• ARR for the Marketing Partner business area amounted to SEK 489 million (462). ¹⁾
• The Board of Directors proposes an increased ordinary dividend of SEK 0.05 (0.04) per share. ²⁾

Significant events during the fourth quarter 2024

• On October 18, 2024, Eniro Group announced new agreements in its ongoing strategic partnership with Azerion Group. These partnerships, concerning cloud services and technology outsourcing as well as display advertising and monetization, aim to further accelerate Eniro's ongoing digital transformation, improve profitability, and ensure future growth. The initiatives are expected to result in annual savings of 17 MSEK once fully implemented. The agreements are subject to approval at an extraordinary general meeting.
• On November 14, 2024, an extraordinary general meeting was held, during which the new collaboration agreements with Azerion were approved.
• On December 20, 2024, Eniro announced that the company’s CFO, Joel Odland, has decided to leave the company at the end of the first quarter of 2025.
• On December 23, 2024, Eniro announced that the company had entered into a share purchase agreement with Vidar Oy to acquire all shares in Medialuotsi Oy for a cash consideration of EUR 3.1 million, with the closing date set for January 3, 2025. This strategic acquisition marks a milestone in Eniro’s growth journey, further strengthening its presence in the Finnish market.

Significant events during January – December 2024

• On April 26, 2024, Eniro Group AB announced strategic collaboration with Azerion Group N.V. to accelerate digital transformation and enhance profitability.
• At the annual general meeting on 29 May 2024, Joost Merks and Wim de Pundert were elected to the board. Urban Hilding resigned from the board.
• The Annual General Meeting decided on a dividend to shareholders of SEK 0.04 per share.
• On June 28, 2024, the Solna District Court rendered a judgement in the case regarding the complaint against Eniro Group AB's decision in 2022 to redeem preference shares. The majority of the Court does not consider that the general rules of the Companies Act on share redemption can be applied when there are specific redemption provisions in the articles of association. Eniro Group AB shall compensate Kapatens Investment AB for its legal costs in the amount of SEK 2,521,875. It should be noted, however, that the presiding judge is dissenting. Eniro Group AB does not share the majority's view. 
• On October 18, 2024, Eniro Group announced new agreements in its ongoing strategic partnership with Azerion Group. These partnerships, concerning cloud services and technology outsourcing as well as display advertising and monetization, aim to further accelerate Eniro's ongoing digital transformation, improve profitability, and ensure future growth. The initiatives are expected to result in annual savings of 17 MSEK once fully implemented.
• On November 14, 2024, an extraordinary general meeting was held, during which the new collaboration agreements with Azerion were approved.
• On December 20, 2024, Eniro announced that the company’s CFO, Joel Odland, has decided to leave the company at the end of the first quarter of 2025.
• On December 23, 2024, Eniro announced that the company had entered into a share purchase agreement with Vidar Oy to acquire all shares in Medialuotsi Oy for a cash consideration of EUR 3.1 million, with the closing date set for January 3, 2025. This strategic acquisition marks a milestone in Eniro’s growth journey, further strengthening its presence in the Finnish market.

Significant events after the end of the period

• On January 3, 2025, Eniro announced that the closing of the acquisition of Medialuotsi Oy had taken place on the same day.
• On February 19, 2025, the Board decided to evaluate a separate listing of Dynava.

Hosni Teque-Omeirat, president and CEO Eniro Group AB

”Despite the economic climate, we at Eniro have continued to gain market share and strengthen our leading position in the Nordics. With over 10 million searches per month on our digital platforms and nearly 45,000 customers, we have solidified our role as a key player in the digital ecosystem for local entrepreneurs.”

For more information, please contact:

Hosni Teque-Omeirat, president and CEO Eniro Group AB (publ)

Tel: +46 (0)70-225 18 77

E-post: [email protected]

This information is information that Eniro Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.20 CET on 20 February 2025.

Eniro exists for companies that want to achieve success and growth in their market. Today, Eniro optimizes the opportunity for companies to create local presence, searchability and marketing digitally. This makes Eniro an important partner for small and medium-sized companies. The company's clear goal is to give SMEs the same conditions and resources that large companies have access to. Eniro offers a platform that optimizes local marketing through intelligence, automation and streamlining of communication. In the digital landscape, Eniro partners with the largest media groups in the world.

Eniro Group AB (publ) is listed on Nasdaq Stockholm (ENRO) and operates in Sweden, Denmark, Finland and Norway. In 2024, the Eniro Group had sales of SEK 951 million and approximately 900 employees with headquarters in Stockholm. The group also includes Dynava, which offers customer service and answering services for major companies in the Nordic region, as well as directory assistance services.