Cision AB (publ) - Year-end report January–December 2011, Feburary 8, 2012

Cision AB (publ) - Year-end report January–December 2011, Feburary 8, 2012

Cision reports robust performance and proposes dividend for the year

October–December

  · Operating revenue amounted to SEK 252 million (268). Organic growth was +4
%, compared with +2 % for the previous quarter and –1 % for the same period last
year. Exchange rate effects decreased revenue by SEK 4 million and the net
effect of divestments decreased revenue by SEK 24 million.
  · Operating profit excluding non-recurring items amounted to SEK 39 million
(37), and the operating margin excluding non-recurring items was 15.5 % (13.7
%). Exchange rate effects had a negative impact on operating profit of SEK 1
million.
  · Group Organic growth of +4 % for the fourth quarter was driven by double
digit growth in the US, with organic growth now reported for five consecutive
quarters.
  · Profitability in Europe continued to strengthen in the fourth quarter, with
an operating margin of 20 %, compared with 17 % for the previous quarter and 11
% for the same period last year.

January–December

  · Operating revenue amounted to SEK 969 million (1,132). Organic growth was
+0.4 % (–5 %). Exchange rate effects decreased revenue by SEK 87 million and the
net effect of Divestments and Acquisitions decreased revenues with SEK 81
million.
  · Operating profit excluding non-recurring items amounted to SEK 132 million
(142). Operating margin was 13.6 % (12.6 %). Exchange rate effects have had a
negative impact on operating profit of SEK 15 million compared with the same
period last year.
  · Profit before tax was SEK 94 million (83) an increase of +13 %. Earnings per
share were SEK 5.60 (4.01).
  · Operating cash flow amounted to SEK 81 million (105) and free cash flow
amounted to SEK 45 million (5).
  · For 2011, the board proposes a dividend of SEK 2.00 per share.

Comment by Cision CEO Hans Gieskes:
“For the full year we saw positive organic revenue growth of 0.4 %, the first
full year of organic growth for Cision in 4 years. The momentum gained in the
third quarter continued in line with our expectations into the fourth quarter.
There are clear signs that our 2010–2011 investments in sales and marketing in
the US are paying off. We are pleased with double digit growth in revenue in the
fourth quarter in the US and equally happy with further improvements in
operating margins in Europe to 20 % compared to 11 % last year. During the
fourth quarter we executed on the necessary process transformation of our
Canadian business to address the cost base and the declining revenue trend, and
this has helped to stabilize our Canadian business. Having reached our overall
2012 financial goals in 2011, we are confident that our changed emphasis on
revenue growth is the right strategy for 2012.”

 
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

Cision AB is required to disclose the information in this year-end report under
Sweden’s Securities Market Act and/ or the Financial Instruments Trading Act. It
was released for publication at 8:30 a.m. CET on February 8, 2012.