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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Eniro Group (ENRO) investor relations material
Eniro Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Net sales for Q3 2025 were SEK 237 million, up 1% year-over-year, with stable performance despite economic uncertainty, especially in Sweden.
Strategic focus on digitalization, integration of acquisitions, and operational efficiency supported results.
ARR for the Marketing Partner business area increased to SEK 515 million, reflecting strong subscription-based growth.
Integration of Medialuotsi and Qwamplify Nordics completed, contributing to revenue and strategic positioning.
Financial highlights
Q3 2025 net sales: SEK 237 million (SEK 235 million in Q3 2024); operating result: SEK 24 million (32).
EBITDA: SEK 40 million (50), EBITDA margin: 17.0% (21.4%). Adjusted EBITDA: SEK 46 million (50).
Net result: SEK 22 million (30); EPS: SEK 0.03 (0.04).
Cash flow from current operations: SEK 13 million (-3).
For Jan–Sep 2025: net sales SEK 711 million (712), EBITDA SEK 96 million (100), net result SEK 39 million (39).
Outlook and guidance
Management expects continued stability and growth, supported by a strong balance sheet and ongoing investments in AI and digital infrastructure.
Anticipates further improvements in Dynava as efficiency measures take effect and new contracts materialize.
Macroeconomic recovery in the Nordics is expected in 2026, with increased business start-ups indicating positive momentum.
Dynava listing evaluation status
Marketing Partner EBITDA impact from acquisitions?
Preference shares appeal: share structure risk?
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Next Eniro Group earnings date
Q4 202519 Feb, 2026
Next Eniro Group earnings date
Q4 202519 Feb, 2026
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Frequently asked questions
Eniro Group AB is a Swedish software-as-a-service company that operates across Sweden, Norway, Denmark, and Finland. The company provides a range of digital marketing services aimed at small and medium-sized businesses, including search engine marketing and advertising through local platforms like eniro.se, gulesider.no, and krak.dk. Additionally, Eniro offers contact center services and directory assistance for larger enterprises, alongside apps for online search and navigation. The company is headquartered in Solna, Sweden, and its shares are listed on the Nasdaq Stockholm.
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