Revised 2008 full year market outlook

Revised 2008 full year market outlook

Following lower banner sales and lower sales in Finland, operational EBITDA for
the full year 2008 is estimated to be up to 2 percent below the lower end of the
former market outlook range of SEK 2,050 - 2,100 million.

Eniro's core directory business has developed as planned during the second half
of this year. However, banner sales and other none core directory products have
developed below expectations in the end of the year. Also, sales in Finland have
been lower than expected. As a consequence, Eniro has revised the 2008 full year
market outlook, but remains committed to the long-term strategy presented at the
Capital Markets Day in November. Actions have already been taken; the new
management in Finland is looking into the situation and at group level there is
an overall review of the cost structure. 

“As we have earlier stated, our business is more resilient than many other media
companies, but we are not immune. There are clear changes in the macroeconomic
environment and the outlook for 2009 is more uncertain than earlier so while we
implement the new strategy, we will balance between accelerating where possible
and using the brakes where needed. Among our measures to meet the increased
uncertainty is an overall review of our costs”, says Jesper Kärrbrink CEO and
President of Eniro.  

The full year report will be presented on February 18, 2009.  


Further information:
Jan Johansson, CFO , tel. +46 8 55 33 10 15, mobile +46 705 75 89 72
Åsa Wallenberg, Investor Relations, tel. +46 8 553 310 66, mobile +46 70 361 34
09

www.eniro.com


Eniro is the leading directory and search company in the Nordic media market.
Eniro's search database 
connects sellers to buyers and makes it easy to find people using Online, Voice
and Offline Media channels. 
Eniro has operations in Sweden, Norway, Finland, Denmark and Poland. 
Eniro is listed on the Stockholm Stock Exchange and has some 4,650 employees. In
2007, revenues 
amounted to SEK 6,443 M, with EBITDA of SEK 2,266 M. Operating revenues and
EBITDA excluding discontinued operations