client login
Remember Me
Forgot Password

The Kelsey Report® Advisory

Eniro to Discontinue German Operation
Charles Laughlin , 11/4/2002

News: Swedish directory publisher Eniro AB announced last week that it will discontinue its Windhager directory publishing division, which published directories in the Baden-Wurtemberg region in Germany. The decision came following the realization that the operation was falling well short of its revenue objectives and was not going to generate a profit in the foreseeable future.

According to Eniro, the Windhager business was slated to lose about 200 million Swedish kronor in 2002 (US$22 million). The company will incur divestment costs of 300 million Swedish kronor, plus a goodwill write-down of 800 million Swedish kronor and a write-off of deferred tax receivables of 200 million Swedish kronor. This 1.3 billion Swedish kronor in costs will be charged against fourth-quarter 2002 earnings.

Eniro will continue to pursue its lawsuit against DeTeMedien seeking compensation for losses resulting from the discontinuation of Windhager's contract with DeTeMedien.

Copyright � 2005 The Kelsey Group. All Rights Reserved.
This published material is for internal client use only. It may not be duplicated or distributed in any manner not permitted by contract. Any unauthorized distribution could result in termination of the client relationship, fines and other civil or criminal penalties under Federal law. The Kelsey Group disclaims all warranties regarding the accuracy of the information herein and similarly disclaims any liability for direct, indirect or consequential damages that may result from the use or interpretation of this information.

Learn more about:

TKG clients

Summaries of White Papers and Advisories

What TKG clients receive


The Kelsey Group, Inc., 600 Executive Drive, Princeton, NJ 08540-1528
Tel: (609) 921-7200 Fax: (609) 921-2112 E-Mail: [email protected]
Copyright© 2006 The Kelsey Group. All Rights Reserved.