Cision AB (publ) Interim report January-June 2009, July 23 2009

Cision AB (publ) Interim report January-June 2009, July 23 2009

Strong return to profitability in the Nordics
Divestment of loss-making UK print monitor operations

January-June
• The Group's operating revenue amounted to SEK 837 million (878). Organic
growth was negative at 10
percent (-2). Exchange rate effects increased revenue by SEK 122 million.
• Operating profit amounted to SEK 33 million (40) and the loss before tax was
SEK 14 million (16). Earnings
per share were SEK -0.40 (-0.11).
• Excluding restructuring expenses and costs related to the takeover bid in
2008, operating profit
amounted to SEK 48 million (69) and the operating margin was 5.7 percent (7.8).
Exchange rate effects
had a positive impact on operating profit of SEK 20 million.
• For the period January-June, operating cash flow amounted to SEK 19 million
(61) and free cash flow
amounted to SEK -56 million (2).

April-June
• Excluding restructuring expenses, operating profit in the second quarter
amounted to SEK 30 million (31)
and the operating margin was 7.9 percent (7.2). Restructuring expenses during
the quarter were
SEK 6 million (13). Exchange rate effects had a positive impact on operating
profit in the second quarter
of SEK 10 million.
• Following the divestment of the loss-making business units in the first
quarter, the Nordic region reported
a strong return to profitability in the second quarter, with an operating margin
of 10.2 percent.
• On July 23, it was announced that Cision signed a conditional agreement to
sell its loss-making UK Print
Monitor operations.
• The impact of the recession increased in the second quarter in most of
Cision's market, particularly for
transaction-based Monitor services. However, in Cision's most important market,
North America, the
impact of the recession was successfully mitigated, mainly through cost
reductions, leading to improved
operating margins in the second quarter compared with the first quarter.

Comment by Cision CEO Hans Gieskes:
“The second quarter of 2009 marked a strong return to profitability in the
Nordic region. Following the
divestments of the loss-making businesses in the first quarter, the region now
delivered an operating profit
of SEK 6 million before restructuring charges, compared with a loss of SEK 10
million in the first quarter
this year.

Today, we were pleased to announce another key event in our strategy to improve
profitability through structural activities, as we signed a conditional
agreement to sell our loss-making UK Print Monitor operations. Upon completion
of this transaction, we will have a fully digital business in the UK and service
customers with a complete offering based on the CisionPoint platform. This is a
much more attractive
business model which should allow us to return to profitability in the UK.

In most of our markets, we saw an increased impact of the recession in the
second quarter. In North
America, good cost control still allowed us to increase our operating margins in
the second quarter
compared with the first quarter. The successful rollout of CisionPoint continued
in the US, where we were
also encouraged by CisionPoint winning a prestigious CODiE Award, confirming
that we have a winning
service platform for the future.”

For further information, please contact:
Hans Gieskes, President and CEO
telephone +46 (0)8 507 410 11
e-mail: hans.gieskes@cision.com

Erik Forsberg, CFO
telephone +46 (0)8 507 410 91
e-mail: erik.forsberg@cision.com

Cision AB (publ)
SE-114 88 Stockholm, Sweden
Corp. identity no. SE556027951401
Telephone: +46 (0) 8 507 410 00
www.cision.com

Cision empowers businesses to make better decisions and improve performance
through its CisionPoint software solutions for corporate communication and PR
professionals. CisionPoint was named the 2009 CODiE Award winner for Best Online
News Service by the Software and Information Industry Association (SIIA).
Powered by local experts with global reach, Cision delivers relevant media
information, targeted distribution, media monitoring, and precise media
analysis. Cision has offices in Europe, North America and Asia, and has partners
in 125 countries. Cision AB is quoted on the Nordic Exchange with a turnover of
SEK 1.8 billion in 2008.