Eniro Group AB (publ) ENRO

Stockholm | Technology | Digital marketing and SaaS
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Updated: 5 Nov 2026 Base analysis: 19 Jul 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Partly clear

Await Q2 report on 24 July 2026 before considering increase

Continued organic growth, debt-free balance sheet and dividend policy strengthen shareholder value and support the existing hold signal.

Market sentiment Positive ↑
Trend: Improving

The market reacts positively to the organic growth and shareholder-friendly dividend policy.

Risk assessment Medium
Dilution: Low Strong cash and positive operating cash flow
Jurisdiction: Low Operations in stable Nordic countries
Execution: Medium M&A integration requires careful execution
Cash flow: 36 mo

HOLD is the call. Positive is the market mood. Medium risk means some things can go wrong.

Latest change
  • 5 Nov 2026 — Report shows organic growth in continuing operations for the first time in over ten years plus approved extra dividend, driven by the streamlined digital operations.

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About the company

Eniro Group AB is a Nordic MarTech company providing digital marketing services and local search solutions to small and medium-sized enterprises. Operations include directory services, SEO/SEM and Voice services via subsidiary Dynava. The company recently completed a reverse split and a Finnish acquisition under new majority ownership.

Sector: Digital marketing and SaaS
Type: Tech
Next report (Q4)
19 Feb 2027
Catalysts
●
31 Mar 2027
Share buyback program High
Bull case

New dividend policy and debt-free balance sheet provide predictable direct yield and strong cash-flow focus.

Bear case

The company must demonstrate organic growth in the streamlined digital marketing business.

Why this signal

Continued organic growth, debt-free balance sheet and dividend policy strengthen shareholder value and support the existing hold signal.

Recent news
  • Q3 report showed organic growth for the first time in more than a decade in continuing operations. Extra dividend of SEK 2.50 per share approved and to be paid. CFO Mario von Dahn to leave early Q2 2027.

Key figures

Revenue
Q3 2026
SEK 194M
Revenue TTM
Jan-Sep 2026
SEK 532M
EBITDA
Q2 2026
SEK 27.0M
Net income
Q3 2026
SEK 16.0M
Shares outstanding
Q3 2026
14,923,649
EPS
Q3 2026
SEK 1.07
Exchange
Stockholm
Type
Technology
Sector
Digital marketing and SaaS
Eniro Group AB (publ) ENRO
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