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* Dividend increased from SEK 1.40 to 1.80 per share * Decision to reduce share capital through redemption and transfer of some SEK 800 M to the shareholders * Authorization for repurchase of own shares up to about SEK 400 M * Erik Engstrom elected to the Board of Directors * John Abrahamson declined re-election - other members re-elected
The Chairman of the Board and Acting CEO Lars Berg summarized Eniro's development and the preceding year 2003 in his presentation to the Annual General Meeting. "The preceding year was characterized by a weak economy and lower consumption, which naturally resulted in lower advertising volumes. Eniro tends to be affected later in the business cycle, however. During 2003, the weak economy further affected sales and profits, particularly …