Interim report January-March 2013

Sharply increased net profit and cash flow as well as higher rate of growth for
Online. The debt objective has been achieved and long-term financing has been
secured.
First quarter: January–March 2013

  · Online revenues grew organically by 4 percent, a doubling over the previous
year. Of the total product and company searches, the mobile channel accounts for
25 percent.
  · The digital media proportion of total revenues is growing and amounts to 79
percent (69), excluding Voice.
  · Total operating revenues amounted to SEK 886 M (959), down 8 percent
(decrease: 1). Currency effects, divested businesses and discontinued directory
publications had a negative effect of approximately 5 percent.
  · EBITDA is increasing and amounted to SEK 170 M (156), a margin of 19.2
percent (16.3). Adjusted EBITDA excluding capital gains and restructuring was
SEK 183 M (160).
  · Net profit increased to SEK 89 M (loss: 39).
  · The objective that net debt in relation to EBITDA should not exceed a
multiple of 2.5 has been achieved.
  · Earnings per common share for the period were strengthened and amounted to
SEK 0.75 (-0.39).
  · Operating cash flow increased SEK 75 M to SEK 88 M (13).

Events during the first quarter

  · Eniro Norge AS is consolidating the Norwegian market for directory
-information services through a merger with the low-price brand challenger,
1888. The deal is expected to increase Eniro’s revenues by SEK 50 M and raise
EBITDA by approximately SEK 20 M on an annual basis.

Following the close of the period

  · Eniro has renegotiated the company’s loans more than a year in advance of
them reaching maturity. All six banks in the company’s bank consortium (Danske
Bank, DNB, Handelsbanken, Nordea, SEB and Swedbank) are included in the
preliminary agreement which is valid for three years with an extension of four
years when SEK 800 M of the bank loan is replaced by a corporate bond. The loan
is in an amount of SEK 3 billion and has been provided at interest-rate terms in
line with previous agreement. The loan agreement will entail a more flexible
repayment rate, increased operating flexibility and an continued future
possibility of paying dividends on the company’s common shares.
  · Eniro is acquiring a majority of one of the Nordic region’s largest blogger
networks, Bloggerfy. Through the acquisition, Eniro is establishing a strong
position in social advertising channels in Sweden and Norway. The purchase
consideration is SEK 0.5 M.

For more information, please contact:
Johan Lindgren, President and CEO, Tel: +46 8 553 311 14
Mattias Lundqvist, CFO, Tel: +46 8 553 310 04
Cecilia Lannebo, Head of Investor Relations, Tel: +46 722 208 277, e-mail:
cecilia.lannebo@eniro.com  (cecilia.lannebo@eniro.com%20%20)

The information is such that Eniro AB (publ) is required to disclose in
accordance with the Swedish Financial Instruments Trading Act and/or the Swedish
Securities Market Act. The information was submitted for publishing at 08:00
a.m. on April 25, 2013.
Eniro is the local search engine. A clever shortcut to what you need, home or
away. Both consumers and companies can use Eniro’s services to easily locate
where to buy services and products – regardless of whether the channel is
internet, catalog or mobile. Advertisers can actively market themselves to
interested consumers, find new customers and increase sales.

Eniro is one of the largest search companies in the Nordic region and Poland.
The company has approx. 3,200 employees in the Nordic region and Poland and has
been listed on Nasdaq OMX Stockholm since 2000. During 2012, Eniro’s revenues
amounted to SEK 3,999 M and EBITDA was SEK 976 M. Headquarters are located in
Stockholm, Sweden. More on Eniro at www.eniro.com

Eniro – Discover local. Search local.