Enento Group (ENENTO) Pre-silent call summary

Executive summary

• Strategic direction remains unchanged, with continued focus on execution and operational efficiency in Q2.

• Change negotiations in Finland and Sweden aimed at simplifying the operating model and aligning resources concluded in May.

• Divestment of Emaileri and acquisition of Eivora to sharpen focus on core operations and strengthen compliance data capabilities.

Trading performance and revenue trends

• Finnish consumer credit and real estate volumes remain challenged due to low market activity; business information and compliance demand stable.

• Swedish consumer credit volumes show moderate improvement but remain below normal levels; SME new sales under pressure despite stable churn.

• Norway and Denmark continue to grow as previously observed.

Profitability and margins

• Profitability and cash flow supported by top-line growth, sales mix changes, SME transformation, and disciplined cost control.

• Gross margin in Sweden benefits from positive consumer credit trends.

• SME transformation in Sweden is supporting profitability, with impacts becoming more visible toward year-end.

• Small net positive impact on personnel expenses expected in Q2, with long-term incentives affecting staff costs.