Bisnode Interim report Q2 2015

“In light of the ongoing business transformation, I am satisfied with our overall second quarter performance, with organic growth of 1.0 per cent. This means that we have now recovered much of the weaker start in Q1 2015 and are now showing slightly positive growth of 0.4 per cent year-to-date.”

Financial summary Aril–June 2015

• Revenue amounted to SEK 877m (859)
• Positive organic growth of 1.0 per cent (–2.2)
• Operating profit EBITA of SEK 65m (58) 
• Profit before tax totalled SEK 42m (–47) which corresponds to earnings pershare of SEK 0.3 (–0.6)

Financial summary January–June 2015

• Revenue amounted to SEK 1,750m (1,724)
• Positive organic growth of 0.4 per cent (–1.4)
• Operating profit EBITA amounted to SEK 103m (116)
• Profit before tax totalled SEK 42m (–56) which corresponds to earnings pershare of SEK 0.2 (–0.7)

Important events

• Bisnode has acquired SN4 International Oy, SN4, a leading provider of Customer Experience Management and Marketing Automation technology to companies in various industries. The acquisition was completed in early July 2015
• In June 2015 Bisnode announced that Magnus Silfverberg was appointed CEOof Bisnode Group, with effect from 1 September 2015

Comments from the CEO

“Bisnode’s market is undergoing fast and fundamental changes with the amount of digital data growing at an increasing rate as more behaviours and processes are carried out digitally.”

In today’s increasingly data-driven world, successful companies need to acquire the ability to get their everyday transactional decisions and actions right, spanning from specific customer interactions, pricing and risk assessment to operational efficiency, by gradually automating their processes.

In order to take the right decisions and actions, companies are dependent on having access to the correct data in an integrated manner in their business workflows. Providing knowledge about data has always been at the core of Bisnode’s business, and we constantly develop our products and operations in order to enable our customers to gain actionable insights from smart data.

In light of the ongoing business transformation, I am satisfied with our overall second quarter performance, with organic growth of 1.0 per cent (-2.2). This means that we have now recovered much of the weaker start in Q1 2015 and are now showing slightly positive organic growth of 0.4 per cent year-to-date.

Sweden, however, still reported unsatisfactory results in Q2 2015. This was due to poor development in April and May, while June showed improved progress and was in line with the previous year.

Finland, facing the toughest macro-environmental changes of all our markets, managed to successfully offset the decline in marketing solutions with a growing credit business. By acquiring SN4 International Oy, a leading provider of Customer Experience Management, we are well equipped for growth in Bisnode Finland in the upcoming quarters.

Norway also showed negative organic growth compared to last year, which was consciously driven by a healthy conversion from one-time sales to a more subscription-based offering. This is expected to strengthen long-term profitability, however, at the expense of short-term revenue growth. Core products continued to show good performance and market demand increased during the quarter.

Denmark continued the positive trend that started in Q1 2015 with consistently strong performance in Q2 2015 across all areas and is showing significantly better results compared to last year.

The DACH region also performed well with quarterly organic growth of 9.3 per cent, mainly driven by stronger operational performance.

Central Europe continues to show strong underlying development, delivering good organic growth at the same time that they are increasing profitability margins.

I have also noted a growing interest and an increase in our revenue from international products sprung from our partnership with Dun & Bradstreet. In Q2 2015 we experienced strong revenue growth in this important area across all business areas.

I would also like to welcome our new CEO, Magnus Silfverberg, to Bisnode. Magnus brings strong experience in business development, leadership and sales from leading positions in innovative businesses, which will further strengthen Bisnode capabilities in an increasingly datadriven world.

Anders Berg, Acting CEO
Telephone: 46 8 558 059 00´
E-mail: anders.berg@bisnode.com
Mobile: 46 70 517 28 02

About Bisnode
Bisnode enables people to make smart decisions by turning data into insights that facilitate decision-making for both strategic issues and daily operations for companies and organizations throughout Europe. Bisnode has 2,500 employees in 17 markets and a turnover of 3,500 MSEK. For over ten years, Bisnode has been a Partner of D&B in D&B’s Worldwide Network.

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