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Eniro Q1 loss narrows YOY

Eniro AB (publ) said its first-quarter normalized net income came to a loss of 61 Swedish öre per share, compared with the S&P Capital IQ consensus estimate of 3.00 kronor per share.

The per-share loss narrowed 94.3% year over year from 10.61 kronor.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 2.9 million kronor, compared with a loss of 10.6 million kronor in the year-earlier period.

The normalized profit margin climbed to negative 0.6% from negative 1.7% in the year-earlier period.

Total revenue declined 20.3% on an annual basis to 504.0 million kronor from 632.0 million kronor, and total operating expenses fell 29.7% year over year to 423.0 million kronor from 602.0 million kronor.

Reported net income came to a loss of 15.0 million kronor, or a loss of 3.16 kronor per share, compared to a loss of 39.0 million kronor, or a loss of 38.93 kronor per share, in the prior-year period.

As of April 27, US$1 was equivalent to 8.09 Swedish kronor.