Cision AB (publ) - Interim report January-September 2010, October 26, 2010

Cision AB (publ) - Interim report January-September 2010, October 26,
2010

Significantly improved operating margin

July-September

• The Group's operating revenue amounted to SEK 265 million (324).
Organic growth was negative at 4 percent, compared with negative 5
percent for April-June 2010 and negative 13 percent for July-September
2009. Exchange rate effects decreased revenue by SEK 2 million and the
net effect of divestments and acquisitions decreased revenue by SEK 46
million compared with the same period last year.

• Operating profit excluding restructuring costs, goodwill impairment
and other one-off costs amounted to SEK 38 million (25) and the
operating margin was 14.3 percent (7.8). Exchange rate effects did not
have an effect on operating profit compared with the same period last
year.

• Improved cost efficiency and stabilizing revenue levels resulted in
continued improved profitability compared to the first half of 2010. The
group's EBITDA margin excluding restructuring costs reached 20% in the
third quarter, up from 15% in the first quarter and 17% in the second
quarter.

January-September
• The Group's operating revenue amounted to SEK 864 million (1,161).
Organic growth was negative at 6 percent (-11). Exchange rate effects
decreased revenue by SEK 47 million and the net effect of divestments
and acquisitions decreased revenue by SEK 194 million compared with the
same period last year.

• Operating profit excluding restructuring costs, goodwill impairment
and other one-off costs amounted to SEK 106 million (73) and the
operating margin was 12.2 percent (6.3). Exchange rate effects had a
negative impact on operating profi t of SEK 6 million compared with the
same period last year.

• Operating profit amounted to SEK 98 million (-256) and profit before
tax was SEK 64 million (-327). The comparatives for last year include
the impact of goodwill impairment (SEK 268 million in 2009) and other
one-off costs (SEK 40 million in 2009). Earnings per share were SEK 0.34
(-3.18).

• For the period January-September, operating cash flow amounted to SEK
53 million (43) and free cash flow amounted to SEK -32 million (-65).

 
Comment by Cision CEO Hans Gieskes:
“During the third quarter, Cision continued to improve profitability,
where our EBITDA margin improved further toward our fi nancial target of
20%. In North America, margins remain at a very solid level and in
Cision Europe, the turn-around is progressing according to plan
following the divestments of loss-making Monitor units and improvements
in underlying operations. While still negative, year-on-year organic
growth has gradually improved during 2010, with stable quarterly revenue
levels on a sequential basis. Our main focus now is to return to organic
growth for the group by leveraging our unique CisionPoint software
platform, with increased investments in sales and marketing
expenditures, as well as the launch of innovative new services.”

For further information, please contact:
Hans Gieskes, President and CEO, phone +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/en/ (http://corporate.cision.com/en/)