Enento Group (ENENTO) Q4 2025 earnings summary

Executive summary

• Business volumes stabilized in 2025, providing a foundation for future growth, with net sales nearly flat at comparable exchange rates and growth in Business Insight offset by a decline in Consumer Insight, mainly due to the Swedish consumer credit information business.

• Adjusted EBITDA for 2025 was EUR 52.4 million, with a margin of 34.3%, reflecting stable profitability despite increased data acquisition costs and changes in sales mix.

• Operational improvements included IT capacity optimization and vendor consolidation.

• Several new services were launched in both Business and Consumer Insight areas.

• CEO transition: Jeanette Jäger left in May 2025, Elina Stråhlman served as interim CEO, and Teppo Paavola appointed CEO in January 2026, emphasizing sustainable growth and innovation.

Financial highlights

• Net sales for 2025 were EUR 152.7 million, flat year-over-year at comparable FX rates; Q4 net sales were EUR 39.1 million, up 0.9% at comparable FX rates.

• Adjusted EBITDA for 2025 was EUR 52.4 million, with a margin of 34.3%; Q4 adjusted EBITDA increased 12.8% to EUR 13.5 million.

• Adjusted EBIT for 2025 was EUR 41.0 million, up 3.5% year-over-year; Q4 adjusted EBIT up 24% to EUR 10.6 million.

• Free cash flow for 2025 reached EUR 34.1 million, with Q4 free cash flow at EUR 13.3 million.

• Adjusted EPS for 2025 was EUR 1.14, up from EUR 1.09 in 2024.

Outlook and guidance

• Net sales are expected to grow by 0–5% in 2026 at comparable FX rates, with adjusted EBITDA also increasing.

• Macroeconomic and geopolitical uncertainties, especially in Sweden, remain a risk, but business volume stabilization in 2025 supports growth outlook.

• Focus remains on profitability, free cash flow, and investment in competitiveness.

• Stable demand is expected for mortgage and unsecured loans, with healthy demand for business information services.