Interim report January-June 2010

| Source: Cision AB Cision AB 

Interim report January-June 2010

Organic growth in the US

Continued improvement in profitability

April-June

  · The Group's operating revenue amounted to SEK 285 million (377).
Organic growth was negative at 5 percent, compared with negative 8
percent for January-March 2010 and negative 12 percent for April-June
2009. Exchange rate effects decreased revenue by SEK 11 million compared
with the same period last year.

  · Operating profit excluding restructuring costs amounted to SEK 35
million (30). Exchange rate effects had a negative impact on operating
profit of SEK 1 million compared with the same period last year.

  · Following mainly the successful divestment of loss-making businesses
in Europe, Cision's operating margin excluding restructuring costs
continued to strengthen in the second quarter, reaching 12.2 percent
compared with 10.4 percent in the first quarter of 2010 and 7.9 percent
in the second quarter last year.

  · Cision US returned to organic growth of 3% in the second quarter,
following negative organic growth of 4% in the first quarter of 2010 and
negative 10% for 2009.

January-June

  · The Group's operating revenue amounted to SEK 599 million (837).
Organic growth was negative at 7 percent (-10). Exchange rate effects
decreased revenue by SEK 45 million.

  · Operating profit excluding restructuring costs amounted to SEK 68
million (48) and the operating margin excluding restructuring costs was
11.3 percent (5.7). Exchange rate effects had a negative impact on
operating profit of SEK 6 million compared with the same period last
year.

  · Operating profit including restructuring costs amounted to SEK 62
million (33) and profit before tax was SEK 39 million (-14). Earnings
per share were SEK 0.20 (-0.28).

  · For the period January-June, operating cash flow amounted to SEK -3
million (19) and free cash flow amounted to SEK -71 million (-56).

Comment by Cision CEO Hans Gieskes:
“In the second quarter of 2010, we were pleased to see continued
improvement in profitability. Our EBITDA margin exceeded 17 percent, up
from 15 percent in the first quarter of 2010, indicating that we are on
track toward achieving our financial target of an EBITDA margin
exceeding 20 percent by 2012 at the latest. The improvement in
profitability was mainly driven by stronger performance in Cision
Europe, where the EBITDA margin increased significantly from 5 percent
in the first quarter to 11 percent in the second quarter of 2010. Our
North American business also continued to do well, delivering a very
solid 25 percent EBITDA margin in the second quarter.
In the second quarter, we continued to see positive effects from the
launch of CisionPoint as our most important business, Cision US,
returned to organic growth. The share of customers on the CisionPoint
platform in the US has now reached 78 percent as of June 30, 2010,
compared with 48 percent one year ago. As we continue to roll out
CisionPoint in our other markets, we remain confident in the long-term
growth prospects for Cision.”

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

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

Cision AB (publ)
P.O. Box 24194
SE-104 51 Stockholm, Sweden
Corp Identity No. SE556027951401
Telephone: +46 (0)8 507 410 00
http://corporate.cision.com

Attachments

07212117.pdf