Finland · Delayed Price · Currency is EUR Enento Group Oyj Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw growth and improved profitability across all segments, with Sweden returning to growth and strong cash flow. The company transitioned to a country-based structure, advanced AI adoption, and maintained guidance for modest sales growth and higher EBITDA despite ongoing macro and regulatory risks.
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A country-based organizational model will be implemented to enhance accountability and transparency, with stable trading volumes and profitability supported by cost controls. Guidance for 2026 remains unchanged, and regulatory changes in Sweden are being closely monitored.
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Macroeconomic conditions in Finland and Sweden remain muted, with stable but low consumer confidence and lending activity. Business Insight in Finland is solid, while Swedish SME Transformation and digitalization initiatives are progressing, with profitability improvements expected from 2026 onward.
Fiscal Year 2025
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Net sales and adjusted EBITDA remained flat year-over-year, with Q4 showing modest growth and improved profitability. Business volumes stabilized, supporting a return to growth in 2026, while strong free cash flow and a stable dividend policy were maintained.
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Net sales remained flat year-over-year, with EBITDA margin slightly down but sequentially improving. Business insight grew, especially in compliance and real estate, while consumer insight stabilized. Outlook for 2025 is positive, with stable financial position and continued focus on growth and efficiency.
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Q2 net sales declined 1.7% at comparable FX, but business information demand remained stable and growth continued in Norway and Denmark. Adjusted EBITDA margin was 33.7%, with improved free cash flow and stable leverage. 2025 guidance and long-term targets are maintained.
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Challenging macroeconomic conditions persist in Finland and Sweden, with stable but low volumes and revenues. Infrastructure consolidation and Swedish premium business transformation are key focus areas, with ongoing stabilization impacting short-term development and profitability.
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Net sales returned to growth after two years, led by Business Insight and compliance services, while Consumer Insight continued to decline amid regulatory and market headwinds. Profitability remained stable, and the outlook focuses on efficiency, new services, and adapting to Swedish regulatory changes.
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Stable market conditions persist with flattish group revenue, strong growth in Business Insight and real estate, but ongoing margin pressure from Consumer Insight and higher data costs. Strategic transformation in Sweden targets margin improvement, with healthy free cash flow maintained.
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Market conditions remain challenging with weak consumer credit demand in Sweden and Finland, offset only partially by growth in business information and compliance services. Regulatory changes and cost inflation add uncertainty, while strategic initiatives focus on efficiency and new product launches.
Fiscal Year 2024
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Net sales declined 2.6% in Q4 2024 due to continued weakness in Consumer Credit, while Business Insight grew over 5% in Finland, Norway, and Denmark. Regulatory changes in Sweden and macro headwinds in Finland continue to pressure profitability, but strong cash flow and new service launches support a stable outlook for 2025.
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Q3 2024 saw a 2.4% revenue decline and a 6% drop in adjusted EBITDA, mainly due to weak consumer credit markets in Sweden and Finland. Efficiency gains exceeded targets, cash flow was strong, and new services grew, but regulatory and cost pressures persist.
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Q2 saw stable performance in Finland, Norway, and Denmark, but Swedish consumer credit weakness led to a 2.9% net sales decline year-over-year. Efficiency gains and cost control supported margins, while new service launches and IT consolidation advanced strategic goals.