Cision AB (publ) - Interim report January-September 2011, October 25, 2011

Cision AB (publ) - Interim report January-September 2011, October 25,
2011

Cision returns to organic growth

July-September

  · Operating revenue amounted to SEK 227 million (265). Organic growth
was 2%, compared with -3% for the previous quarter and -4% for the same
period last year. Exchange rate effects decreased revenue by SEK 22
million and the effect of divestments decreased revenue by SEK 19
million.
  · Operating profit amounted to SEK 29 million (36), including
non-recurring items of SEK -2 million (-2), and the operating margin was
12.7% (13.5%). Exchange rate effects had a negative impact on operating
profit of SEK 4 million.
  · Group organic growth of 2% for the third quarter was driven by
continued and accelerated growth at Cision US, with organic growth now
reported for four consecutive quarters.
  · Profitability in Cision Europe continued to strengthen in the third
quarter, with an operating margin of 17%, compared with 13% for the
previous quarter and 11% for the same period last year.

January-September

  · Operating revenue amounted to SEK 717 million (864). Organic growth
was -1% (-6%). Exchange rate effects decreased revenue by SEK 82 million
and the net effect of divestments and acquisitions decreased revenues
with SEK 58 million.
  · Operating profit amounted to SEK 91 million (98), including
non-recurring items of SEK -2 million (-8). Operating margin was 12.7%
(11.3%). Exchange rate effects have had a negative impact on operating
profit of SEK 14 million compared with the same period last year.
  · Profit before tax was SEK 70 million (64) an increase of 9%.
Earnings per share were SEK 4.02 (3.27).
  · Operating cash flow amounted to SEK 61 million (53) and free cash
flow amounted to SEK 26 million (-32).

Comment by Cision CEO Hans Gieskes:
“In line with our earlier outlook for Cision returning to organic growth
in the second half of 2011, we are delighted to report 2% organic growth
in the third quarter, driven by continued and increasing growth at our
US company, while still being held back by negative growth in Canada,
our last traditional monitoring business. It is encouraging to see good
operating margins both in the US and in Europe, which achieved a
respectable 17% operating margin, compared to 11% in the third quarter
of 2010. Just like we have consistently done during the last few years
of aggressive portfolio transformation, in the third quarter we
increased investments in product and sales, and continued to focus on
providing our customers with best-in-class software tools to integrate
social media in their marketing mix.
Our recently announced partnership and minority investment in the US
company PitchEngine will further enhance our market position, and is a
good example of our focus on innovation and growth.
During the quarter we divested our traditional media monitoring business
in Finland, and a significant transformation process is being put in
place in Cision Canada. Both these actions will improve Cision's focus
on its core PR software business and the attractive growth opportunities
which we have.”

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

Tosh Bruce-Morgan, CFO, telephone 46 (0)8 507 410 91, +44 (0) 7710 385
006
e-mail: investorrelations@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 (http://corporate.cision.com)

Cision AB is required to disclose the information in this interim report
under Sweden's Securities Market Act and/or the Financial Instruments
Trading Act. It was released for publication at 8:30 a.m. CEST on
October 25, 2011.