Cision AB (publ) - Interim report January-June 2011, July

Cision AB (publ) - Interim report January-June 2011, July 21, 2011

Improved profitability in Cision Europe
Continued organic growth in the US

April-June

  · The Group's operating revenue amounted to SEK 242 million (285).
Organic growth was -3 percent, compared with -2 percent for
January-March 2011 and -5 percent for April-June 2010. Exchange rate
effects decreased revenue by SEK 38 million compared with the same
period last year.
  · Operating profit excluding non-recurring items amounted to SEK 30
million (35) and the operating margin excluding non-recurring items was
12.4 percent (12.2). Non-recurring items amounted to SEK 0 million (-3)
and therefore operating profit amounted to SEK 30 million (32). Exchange
rate effects had a negative impact on operating profit of SEK 7 million
compared with the same period last year.
  · Profitability in Cision Europe strengthened in the second quarter,
with an operating margin of 12.8 percent, compared with 9.1 percent for
the previous quarter and 7.1 percent for the same period last year. The
July 1 divestment of the labor-intensive Monitor and Analyze business in
Finland will further strengthen the long-term outlook for Cision's
European operations.
  · Cision's largest and most important market, Cision US, reported
organic growth of 2% for the second quarter.
  · Cash flow for the Group continued to improve on a year-on-year
basis, with free cash flow of SEK 5 million in the second quarter,
compared with SEK -55 million for the same period last year. On a 12
month rolling basis per June 30, 2011, free cash flow was SEK 102
million.

January-June

  · The Group's operating revenue amounted to SEK 491 million (599).
Organic growth was -3 percent (-7). Exchange rate effects decreased
revenue by SEK 61 million.
  · Operating profit excluding non-recurring items amounted to SEK 62
million (68) and the operating margin excluding non-recurring items was
12.7 percent (11.3). Non-recurring items amounted to SEK 0 million (-5)
and therefore operating profit amounted to SEK 62 million (62). Exchange
rate effects had a negative impact on operating profit of SEK 11 million
compared with the same period last year.
  · Profit before tax was SEK 50 million (39). Earnings per share were
SEK 2.65 (2.00).
  · Operating cash flow amounted to SEK 48 million (-3) and free cash
flow amounted to SEK 26 million (-71).

Comment by Cision CEO Hans Gieskes:
“In the second quarter, efficiency continued to improve in our European
operations, which delivered an operating margin of 13 percent - the
highest level in many years. The divestment of the Finnish
labor-intensive and transaction-based Monitor and Analyze business as
announced on July 1 will further strengthen the long-term European
margin and growth outlook. In North America, Cision US had another
quarter with strong profitability and its third consecutive quarter with
organic growth. We continue to invest in growth initiatives through
product development and sales and marketing activities to strengthen the
current positive trend in the US. Canada had a poor first half of 2011,
due to its dependence on traditional media monitoring. Measures will be
implemented to strengthen and reposition our Canadian business.”

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 (http://corporate.cision.com)
Cision AB (publ) - Interim report January-June 2011, July 21, 2011

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