Continued strong mobile growth. Income for the period rose 32%. Weak quarter in Norway. Print to be phased out for all core brands.

Third quarter: July-September 2013

  · Revenue for Mobile search rose organically by 82% (171%)
  · Total revenue for Multiscreen (Desktop search, Mobile search and Campaign
products) decreased organically by 3% (2%), owing to weak performance in Norway.
Adjusted for Norway, Multiscreen revenues rose 5%
  · 33% of total product and company searches performed via mobile channel in
Q3. Multiscreen revenues accounted for 79% of total advertising revenue (70%)
  · Organic revenues down 8%. Total operating revenue amounted to SEK 857 M
(948), a decrease of 10%
  · EBITDA amounted to SEK 225 M (261), corresponding to a margin of 26.2%
(27.5%). Adjusted EBITDA amounted to SEK 242 M (273)
  · Income for the period up 32% and totaled SEK 90 M (68)
  · Earnings per common share were SEK 0.76 (0.60) for the period
  · Operating cash flow was SEK -69 M (25)

Nine-month period: January–September 2013

  · Total operating revenue amounted to SEK 2,636 M (2,908), a decrease of 9%
  · EBITDA amounted to SEK 629 M (668), corresponding to an EBITDA margin of
23.9% (23%)
  · Income for the period up 40% to SEK 259 M (185)
  · Earnings per common share for the period increased to SEK 2.17 (1.65)
  · Operating cash flow was SEK 122 M (138)

Events after the end of the period

  · Adjusted EBITDA for the full year will be at least on the level with the
preceding year. Earnings as per September have been charged with restructuring
costs of SEK 42 M. A decision has been made to reduce the work force during the
fourth quarter. As a result of this decision, the fourth quarter will be charged
with approximately SEK 35 M in restructuring costs. Actions taken will
contribute to a reduction in the cost base by SEK 100 M in 2014.
  · The target for net debt in relation to EBITDA has been changed from the
previous goal of a multiple not exceeding 2.5 to not exceeding 2.
  · Eniro has decided to phase out publication of Gula Sidorna in Sweden during
2014, entailing that all of the core brands (Eniro, Gule Sider, Krak and
Panorama Firm) will be 100% digital.

For further information, please contact:
Johan Lindgren, CEO, Tel: +46 8 553 310 01
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 publication at 08.00
CET on October 23, 2013.
Eniro is a search company that aggregates, filters and organizes local
information. Our growth is driven by users’ increasing mobility and multiscreen
behavior, where we are at the forefront with modern technical solutions. For
more than 100 years Eniro has helped people find local information and companies
find customers. Today it is a multiscreen solution – our users search for
information using their smart phones, tablets and desktops. This creates great
business opportunities for us as the local search company. Mobile advertising is
today the fastest growing part of Eniro’s business. Eniro is the local search
engine. A smart shortcut to what you need, no matter where you are or where you
are going.

Eniro is one of the largest search companies in the Nordic region and Poland.
The company has approximately 3,000 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. More than 80 percent of Eniro’s advertising revenues come
from multiscreen channels. The company’s headquarters are located in Stockholm,
Sweden. More on Eniro at www.enirogroup.com.

Eniro – Discover local. Search local.