Bisnode Interim report January-March 2010

JANUARY-MARCH • Revenue of SEK 1,162 million (1,244) • Operating profit (EBITA) of SEK 139 million (147) • Operating margin (EBITA) of 12.0 per cent (11.8) • Cash flow from operating activities of SEK 150 million (165) KEY EVENTS • Weak revenue growth in a still challenging market situation • Continued healthy profitability, improved operating margin and strong cash flow as an effect of good cost control • Market position reinforced in France through the acquisition of Directinet, a leading supplier of online direct marketing solutions EVENTS AFTER THE BALANCE SHEET DATE • Bilfakta, Sweden’s largest database of automotive information, was acquired and integrated with the subsidiary InfoTorg • The Norwegian IT supplier Office Team was divested in line with Bisnode’s strategy to focus on the core business • Part of operations offering information logistics in PAR divested COMMENT BY THE CEO 2010 has started with stabilisation rather than recovery in the market for digital business information in Europe. Demand for Credit Solutions is good, while the market for Marketing Solutions remains weak. The market for Bisnode’s third core offering, Business Information Solutions, is stable. Due to the market situation, revenue for the first quarter declined compared to the same quarter of last year. With good profitability, a higher operating margin of 12 per cent and a strong cash flow in a still challenging market, Bisnode has demonstrated the ability to quickly adapt its cost structure to current demand levels in our operations. The market for digital business information is rapidly developing and evolving with a steadily growing volume of information, the emergence of new technologies and new laws and rules regulating the use of information. This offers considerable scope to address the market’s changing needs with innovative new products. Bisnode is working actively to exploit the opportunities these changes are creating and is continuing to invest in the core business with a focus on new products, greater segmentation of our market offering and synergies for both growth and higher profitability. Johan Wall, President and CEO

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