Enento Group (ENENTO) Pre-silent call summary

Executive summary

• Continued focus on organic growth, operational efficiency, and AI-driven product development, with clear organizational responsibilities established.

• Interim Country Manager appointed for Sweden to enhance market focus; SME transformation in Sweden progressing as planned.

• Integration of Eivora into compliance offering and recruitment of new sales-focused team members to drive growth.

Trading performance and revenue trends

• Finnish consumer credit information business showed improvement in Q3, with unsecured lending volumes rising.

• Swedish consumer credit information volumes remained stable, supporting year-over-year growth.

• Real estate revenue in Finland remained balanced despite declining transaction volumes, supported by new services.

• Norway and Denmark saw flat development due to challenges with advertisement sales partners, though premium and data-related sales grew.

Profitability and margins

• Profitability and cash flow supported by top-line growth, sales mix changes, SME transformation, and disciplined cost control.

• In Finland, increased data costs offset by cost efficiencies; in Sweden, margins improved year-over-year due to consumer credit growth and savings actions.

• Swedish SME transformation led to lower commissions and improved profitability, though new sales have yet to fully offset churn.