Strengthened customer offering, more than 8 million visits every week, high activity level and stable financial position

Fourth quarter: October – December 2015

  · Total operating revenue amounted to SEK 579 M (722), a decrease of 20%.
Revenue decreased organically by 19% (-17%).
  · Revenue from Desktop and Mobile search amounted to SEK 347 M (415), a
decrease of 16%. The organic decrease in revenue from Desktop and Mobile search
was 14% (-15%). Digital search revenue amounted to SEK 401 M (492), a decrease
of 18%. The organic decrease in Digital search revenue was 17% (-11%).
  · Prepaid revenue as per December 31, 2015, amounted to SEK 528 M (583), a
decrease of 9% compared with the level at December 31, 2014.
  · EBITDA was SEK 107 M (134), a decrease of 20% compared with the fourth
quarter of 2014. The EBITDA margin was level with the same period a year ago and
amounted to 18.5% (18.6%).
  · Net income was affected by nonrecurring items of SEK -12 M (-26), including
SEK -26 M (-19) in restructuring costs and SEK 14 M (0) pertaining to the
dissolution of a provision for severance pay for former CEO Johan Lindgren. The
comparison period also included a charge of SEK -7 M, pertaining mainly to
provisions for synthetic shares. Adjusted for these items, EBITDA was SEK 119 M
(160). The margin for adjusted EBITDA was 20.6% (22.2%).
  · Net income for the period was SEK 49 M (52), a decrease of 6% compared with
the fourth quarter 2014.
  · Earnings per common share for the period were SEK 0.08 (0.40) before
dilution and SEK 0.06 (-) after dilution.
  · Operating cash flow amounted to SEK 117 M (134).
  · In December the second scheduled amortization was made on the renegotiated
bank loan which, converted to Swedish kronor, amounted to approximately SEK 75
M.

Full year: January – December 2015

  · Total operating revenue amounted to SEK 2,438 M (3,002), a decrease of 19%.
  · Revenue from Desktop and Mobile search decreased organically by 16% (-11%),
while Digital search revenue decreased organically by 15% (-8%).
  · EBITDA was SEK 383 M (631), a decrease of 39%. The EBITDA margin was 15.7%
(21.0%).
  · Net income was affected by nonrecurring items of SEK -71 M (-44), including
SEK -73 M (-63) in restructuring costs and SEK 2 M (-28) in costs for severance
pay. The comparison period also included SEK 54 M in net capital gains and SEK
-7 M primarily in provisions for synthetic shares. Adjusted for these items,
EBITDA was SEK 454 M (675). The margin for adjusted EBITDA was 18.6% (22.5%).
  · Net income for the period was SEK -1,125 M (-1,662), which is an improvement
of SEK 537 M. Income was negatively affected primarily by SEK -1,157 M in
impairment losses (-1,803).
  · The renegotiated loan agreement took effect in April and is divided in three
currencies with a tenor through 2018. A lump-sum amortization of debt was made
in April which, converted to Swedish kronor, amounted to approximately SEK 670
M. Scheduled amortizations were made in June and December. The bank loan amounts
to approximately SEK 1,516 M as per December 31, 2015.
  · Earnings per common share were SEK -3.69 (-17.09) before dilution and SEK
-2.32 (-) after dilution.
  · Operating cash flow amounted to SEK 86 M (151).

Events during the fourth quarter

  · A new Nordic sales organization was presented on November 30. The new
structure facilitates common ways of working, which is a prerequisite for fast
and efficient product development and part of an improved customer offering. In
connection with the reorganization, the composition of Eniro’s Group Management
was changed.
  · An Extraordinary General Meeting on December 18 resolved in favor of the
Board’s recommendation that the company approve a settlement agreement with
former CEO Johan Lindgren. Lindgren has agreed to waive all claims against the
company regarding termination salary and severance pay. In return, the company
has waived its claims against Lindgren.
  · Starting in December and through mid-February 2016, a pilot launch is under
way of a solution for Facebook advertising that Eniro has developed in
collaboration with Adfenix, the Gothenburg-based company that won the Eniro Tech
Challenge in September 2015. Some 3.2 million Swedes use Facebook every day, and
of these, 650,000 visit eniro.se. Information from visits to eniro.se,
geographic locations and product/service searches, etc. are matched with
Facebook, which can then display relevant ads in the users’ news flows when they
log in via a computer or mobile device.
  · During the fourth quarter, 33 convertibles were converted to shares.

Events after the end of the reporting period

  · The Swedish Market Court delivered a judgment stating that, as of June 30,
2016, consumers must be given the opportunity to receive price information in
connection with calls and SMS text messages to the directory service 118 118.
The outcome is in line with what Eniro had expected, and the company will now
look at technical solutions for handling this. The ruling is expected to have a
limited earnings impact.

Conference call / Webcast

A web-cast telephone conference will be held at 10:00 CET today, where CEO and
President Stefan Kercza and CFO Fredrik Sandelin will present the results for
the fourth quarter 2015. A possibility will be given to ask questions via the
webcast and follow the presentation material live. The webcast, which afterwards
also will be available on demand, will be accessible at
http://financialhearings.nu/160209/eniro/.

To participate in the conference call, and thereby be able to ask questions,
please call one of the following numbers:

SE: +46 (0) 8 566 426 52 or

UK: +44 (0) 20 342 628 45

The presentation material will be published before the conference starts on
Eniro’s website, www.enirogroup.com under Investor Relations. The webcast, and
later the recorded version of the webcast and the conference call, will also be
accessible via Eniro’s website.
Eniro AB (publ) is required to make this information public in accordance with
the Swedish Securities Market Act and/or the Financial Instruments Trading Act.
The information was released for publication on February 9 2016 at 08.00AM
(CET).

For more information, please contact:

Stefan Kercza, President and CEO, tel: +46 (0) 8 553 310 00

Fredrik Sandelin, CFO, tel: +46 (0) 8 553 310 00
Eniro is a leading search company for individuals and businesses in the Nordic
region. With quality-assured content and an unrivalled user experience Eniro
inspires local discoveries and makes local communities thrive. Eniro's content
is available through internet  and mobile services, printed directories,
directory assistance and SMS services. Each week Eniro Group’s digital services
have 8.1 million unique visitors who perform 14.5 million searches. Eniro Group
has about 2,000 employees and operations in Sweden, Norway, Denmark, Finland and
Poland. The company is listed on Nasdaq OMX Stockholm [ENRO] and headquartered
in Stockholm. In 2015, revenues amounted to SEK 2,438 m, with a profit before
depreciation (EBITDA) of SEK 383m. More on Eniro at www.enirogroup.com.