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Eniro AB (ENRO.ST)

ENRO.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Eniro Q2 EBITDA sharply down, sales drop 14 pct
Tuesday, 15 Aug 2017 02:00am EDT 

Aug 15 (Reuters) - Eniro AB :Q2 total operating revenue amounted to SEK 426 m (496), a decrease of 14%..Q2 EBITDA decreased by 66% to SEK 39 m (116).Says the board is still of the opinion that we will be successful with the ongoing recapitalization.Rest of 2017 and 2018: "We continue to trim costs, and our sales focus will be on reversing the historic trend of a contracting customer base, which has been one of our greatest challenges" .  Full Article

Eniro's lending banks make lock-up undertakings
Thursday, 8 Jun 2017 10:20am EDT 

June 8 (Reuters) - Eniro Ab :In connection with the recapitalisation of Eniro, the Company’s lending banks have made so called lock-up undertakings.Pursuant to the lock-up undertakings, the Banks have undertaken, with certain reservations and exceptions, towards the Company’s advisor Pareto Securities AB (“Pareto”), during a period commencing on the date of the signing of each respective lock-up undertaking and ending on the earlier of: (i) the date it is finally established that the Banks in aggregate hold less than twelve per cent of the total number of shares in the Company following completion of the recapitalisation, or (ii) the date falling six months after the settlement date of the planned cash issue, to not without the prior written consent from Pareto and the Banks’ advisor Carnegie Investment Bank AB (publ), sell any of the shares in the Company that the Banks may acquire in the recapitalisation.  Full Article

Eniro reports lower Q1 core profit, revenue continues to decline
Tuesday, 9 May 2017 02:00am EDT 

May 9 (Reuters) - Eniro Ab : :Q1 total operating revenue amounted to SEK 430 m (504), a decrease of 15 pct.Q1 EBITDA decreased by 60 pct to SEK 55 mln (136).Says: "The year has started relatively well for Eniro. We are in a position where Eniro no longer loses customers at the same rate as before, the customers now stays.".Board of directors proposes that 2017 annual general meeting resolve to not pay any dividend - neither for ordinary nor preference shares .  Full Article

Eniro Q4 revenue falls, continues negotiations with lenders
Wednesday, 8 Feb 2017 02:00am EST 

Eniro Ab : Eniro q4 total operating revenue amounted to SEK 479 m (579) . Q4 ebitda decreased by 33% to sek 72 m (107). Ebitda margin was 15.0% (18.5%). . Says has continued negotiations with company's lenders. Until now, no agreement has been reached .Says standstill agreement, concluded in december 2016, remains in effect until end of february 2017.  Full Article

Eniro AB launches Nordic sales organization; costs to decrease by SEK 65 mln/year
Monday, 30 Nov 2015 03:00am EST 

Eniro AB:Launches Nordic sales organization.Swedish, Norwegian and Danish sales units are being merged into one Nordic sales organization with local divisions in each country.Says reorganisation to decrease costs by 65 million Swedish crowns yearly.  Full Article

Eniro calls EGM over settlement with former CEO
Wednesday, 25 Nov 2015 02:00am EST 

Eniro AB:Eniro convenes extraordinary general meeting regarding settlement agreement with its former CEO.Says former CEO Johan Lindgren waives all claims against company regarding termination salary and severance pay.Says company in turn waives its claims against Lindgren.Says if settlement agreement is approved, a positive impact on earnings of about 14 million Swedish crowns is expected.  Full Article

BRIEF-Eniro says extends acceptance period for the exchange offerings "one last time"

* Eniro has received underwriting commitments for the cash issue and extends the acceptance period for the exchange offerings one last time