Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Eniro AB    ENRO   SE0011256312

ENIRO AB

(ENRO)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsOfficial PublicationsSector news

Eniro : year-end report 2018 - translation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/12/2019 | 08:49am EST

Eniro publicerar bokslutskommuniké för 2018. Rapporten finns att ladda ned på bolagets hemsida www.enirogroup.com.

FOURTH QUARTER: OCTOBER - DECEMBER 2018  

· Total operating revenue amounted to SEK 320 M (384), a decrease of 17%. Excluding Print, which was discontinued during 2017, total operating revenue decreased 16%.
· EBITDA amounted to SEK 37 M (44). The EBITDA margin was 11.6% (11.5%). Adjusted EBITDA amounted to SEK 38 M (62)
· The Board of Directors resolved to conduct non-cash flow-affecting impairment of the value of goodwill by SEK -565 million, based on factors including an anticipated transfer of future cash flows from current operations.
· Net income for the period was SEK -542 M (232).
· Earnings per ordinary share for the period were SEK -8.16 (10.39) before and -8.16 (10.18) after dilution.
· At the end of the quarter, about 95% of the customers in Sweden, Norway and Denmark were included in the new business model with a broader offering based on subscription-based contracts.
· At the beginning of October, all of Eniro's bank loans of a nominal value of SEK 925 M, were replaced with a bond loan in Eniro AB, and that will extend with no negative effects on liquidity in the form of repayment or coupon payments until the end of 2021, to which adds an additional financing of approximately SEK 64 M.
· In October 2018, the divestment of the wholly owned Polish subsidiary, Eniro Polska, to the Polish company Equinox Investments was completed. The transaction generated a capital gain of SEK 44 million and a cash-flow effect of SEK +16 million.

· At the beginning of December, Eniro and PRI reached agreement, entailing that PRI reduces its claim on collateral from SEK 200 M to SEK 182 M for a period up to 30 September 2020. Thus, for Eniro this means a time-limited improved cash of SEK 18 M. In return, PRI receives a mortgage on the company's assets up to SEK 35 M, and in accordance with the bond terms and conditions, receive priority ahead of the bondholders.

· The Board of Directors proposes to the 2019 AGM that no dividend be paid on ordinary or preference shares.

FULL YEAR - JANUARY - DECEMBER 2018  

· Total operating revenue amounted to SEK 1,393 M (1,649), a decrease of 16%. Excluding Print, which was discontinued during 2017, total operating revenue decreased 13%.
· EBITDA decreased by 9% to SEK 206 M (226). The EBITDA margin was 14.8% (13.7%).
· The Board of Directors resolved to conduct non-cash flow-affecting impairment of the value of goodwill by SEK -568 million, based on factors including an anticipated transfer of future cash flows from current operations
· Net income for the period was SEK -573 M (124).
· Earnings per ordinary share for the period were SEK -8.69 (10.09) before and after dilution.
· Operating costs were SEK 233 M lower than in the year-earlier period, largely due to the completed cost-saving program.
· Eniro Finland acquired Finnish company Elisa's outsourcing operation for customer service and corporate switchboard outsourcing business. This acquisition strengthens Eniro's position as the leading developer and provider of customer service solutions in Finland.

  Oct Oct Jan-Dec  Jan-Dec 
-Dec  -Dec 
 

 

 
SEK M  2018  2017*  2018  2017* 
Operating revenue  320 384 1,393 1,649
EBITDA  37 44 206 226
Adjusted EBITDA  38 62 209 296
Operating income  -565 2 -513 -14
Net income for the period  -542 232 -573 124
Cash flow from operating activities  27 6 45 5
Interest-bearing net debt excluding -822 -775 -822 -775
convertible bond and pension
obligations 

* Retrospective restatement of financial statements in accordance with IFRS 15 Revenue from Contracts with Customers

 

For more information, please contact:

Örjan Frid, CEO Eniro, Tel 08-553 310 00 

Hassan Tabrizi, CFO, Tel 08-553 310 00

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 21:50 on February 11, 2018.

Eniro is a leading 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 6 million unique visitors. Eniro Group has about 1,100 employees and operations in Sweden, Norway, Denmark, Finland and Poland. The company is listed on Nasdaq Stockholm [ENRO] and headquartered in Stockholm. More on Eniro at enirogroup.com. 

http://news.cision.com/eniro/r/eniro-s-year-end-report-2018---translation,c2739317

https://mb.cision.com/Main/908/2739317/989752.pdf

(c) 2019 Cision. All rights reserved., source Press Releases - English

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENIRO AB
02/12ENIRO : year-end report 2018 - translation
AQ
02/11ENIRO : Impairment of book values of goodwill in Eniro AB and report for the fou..
AQ
2018ENIRO : has reached an agreement with PRI
AQ
2018ENIRO : interim report January - September 2018
AQ
2018ENIRO : Nomination Committee and 2019 AGM
AQ
2018ENIRO : Placing of senior secured bonds in Eniro with a total nominal value of a..
AQ
2018ENIRO : publishes a prospectus supplement
AQ
2018ENIRO : sells its Polish business
AQ
2018ENIRO : Invitation to investor meeting regarding Eniro's refinancing
AQ
2018ENIRO : offentliggör prospekt
PU
More news
Chart ENIRO AB
Duration : Period :
Eniro AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ENIRO AB
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Managers
NameTitle
Örjan Frid Group President, CEO & Director
Carl Joachim Berner Chairman
Hassan Tabrizi Chief Financial Officer
Andersson Magnus Head-Products & Technology
Katarina Emilsson-Thudén Director
Sector and Competitors
1st jan.Capitalization (M$)
ENIRO AB66.76%16
INFORMA PLC11.81%11 663
PEARSON-4.90%9 086
SCHIBSTED12.55%8 601
AXEL SPRINGER SE6.52%6 412
CHINA SOUTH PUBLISHING & MEDIA GRP CO LD3.20%3 457