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Eniro Group (ENRO) investor relations material
Eniro Group Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q1 2026 were SEK 238 million, flat year-over-year, with stable recurring revenues and a strong cash position of SEK 175 million.
Adjusted EBITDA was SEK 31 million, in line with Q1 2025, while reported EBITDA dropped to SEK 11 million due to SEK 20 million in non-recurring items.
Operating result was SEK -1 million, down from SEK 14 million last year, and net result was SEK -8 million compared to SEK 16 million in Q1 2025.
The company completed the acquisition of Mainostoimisto SST Oy and settled a major legal dispute with Kapatens, removing significant uncertainty.
Financial highlights
Net sales: SEK 238 million (Q1 2025: SEK 237 million).
EBITDA: SEK 11 million (Q1 2025: SEK 32 million), EBITDA margin 4.6% (13.3%).
Adjusted EBITDA: SEK 31 million (Q1 2025: SEK 32 million), excluding SEK 20 million in non-recurring items.
Net result: SEK -8 million (Q1 2025: SEK 16 million).
Cash flow from current operations: SEK 9 million (Q1 2025: SEK 19 million).
Equity ratio: 33.2% (Q1 2025: 31.1%).
Outlook and guidance
Signs of recovery in the Nordic SME market, with declining bankruptcies and renewed optimism.
The company is positioned for growth, with a focus on acquisitions and technology investments, especially in AI.
No specific quantitative guidance provided for the remainder of 2026.
- Stable sales, strong cash flow, and acquisitions set the stage for growth in 2026.ENRO
Q4 202519 Feb 2026 - Stable Q3 sales, strong Marketing Partner growth, and improved equity ratio despite market headwinds.ENRO
Q3 20255 Nov 2025 - ARR reached SEK 510 million, with strategic investments offsetting lower Q2 earnings.ENRO
Q2 202518 Jul 2025 - Best quarterly result in six years, driven by efficiency and digital transformation.ENRO
Q3 202413 Jun 2025 - EBITDA margin rose to 12.3% in Q2 2024 as profitability and cash flow improved.ENRO
Q2 202413 Jun 2025 - Q1 2025 saw higher sales, improved margins, and a stronger balance sheet despite legal risks.ENRO
Q1 20255 Jun 2025 - Record profitability and cash flow achieved, setting a strong foundation for 2025 growth.ENRO
Q4 20245 Jun 2025
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