Eniro Group (ENRO) Q1 2025 earnings summary

Executive summary

• Net sales increased 2% year-over-year to SEK 237 million in Q1 2025, with operating result up to SEK 14 million from SEK 4 million.

• EBITDA rose 60% to SEK 32 million, marking the sixth consecutive quarter of margin improvement.

• Integration of Medialuotsi Oy completed, contributing SEK 13 million in sales and SEK 1.2 million in EBITDA.

• ARR for Marketing Partner reached SEK 499 million, up 9% year-over-year.

• Cash flow from current operations improved to SEK 19 million from SEK 12 million.

Financial highlights

• Net result for the period was SEK 16 million, up from SEK 4 million year-over-year.

• Earnings per share before and after dilution were SEK 0.02, compared to SEK 0.01 last year.

• Cash and cash equivalents at period end were SEK 158 million, with an equity ratio of 31.1%.

• Operating expenses (excl. D&A) decreased to SEK -211 million from SEK -214 million.

• Net financial items improved to SEK 3 million from SEK -4 million, mainly due to FX differences.

Outlook and guidance

• Continued focus on digital innovation, AI, and operational excellence to drive growth.

• Management expects ongoing profitability improvements and customer value creation.

• No material operational impact expected from ongoing legal proceedings.