Interim Report Jan-Sept 2010 Developments in the third quarter July - September, 2010 · Operating cash flow for the first nine months amounted to SEK 313 M (562) · Net debt decline of SEK 507 M from year-end 2009 · The Board has resolved a SEK 2.5 bn fully underwritten rights offering, subject to approval by the EGM (see separate press release) · New agreement with lending banks secured to the end of 2014, subject to completion of the rights issue · Eniro's chairman Lars Berg has today informed the Nomination Committee that he will not be available for re-election at the upcoming Annual General Meeting held 20 April, 2011. Lars Berg will continue in his role until the AGM · During the quarter Eniro launched its new improved website including product search functionality (Eniro 2.0) · Operating revenues in Q3 amounted to SEK 1,135 M (1,500), down by 24 percent Y/Y, corresponding to an organic decline of 17 percent. The organic revenue decline for the first nine months was 12 percent · Operating costs reduced by approximately SEK 285 M (excluding currency effects) for the first nine months 2010 · EBITDA amounted to SEK -371 M (404), and included one-off negative effects of SEK -647 M following divestment and restructuring of online- and offline assets in Finland · Adjusted EBITDA1 of SEK 245 M (438) · Impairment of intangible assets of SEK 4,261 M mainly attributable to the Norwegian operations within Directories Scandinavia · Net income of SEK -4,666 M (-200), mainly affected by impairment of intangible assets For further information, please contact: Johan Lindgren, President and CEO Tel: 08-553 310 01 Jan Johansson, CFO Tel: 08-553 310 15, 070- 575 89 72 Birgitta Henriksson, Acting Head of IR Tel: 08-553 315 29, 072-220 83 29 Eniro AB (publ) 169 87 Stockholm Org nr 556588-0936 www.eniro.com (http://www.eniro.com/)
Interim Report Jan-Sept 2010
| Source: Eniro AB
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