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Interim report January-September 2011

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July-September
  • Revenue of SEK 1,038 million (1,015) 
  • Operating profit (EBITA) of SEK 110 million (133) 
  • Operating margin (EBITA) of 10.6 per cent (13.1) 
  • Cash flow from operating activities of SEK -4 million (43)
January-September
  • Revenue of SEK 3 144 million (3 288) 
  • Operating profit (EBITA) of SEK 341 million (376) 
  • Operating margin (EBITA) of 10.9 per cent (11.4) 
  • Cash flow from operating activities of SEK 222 million (234)
Key events during the period
  • Organic growth of -2 per cent
  • Continued healthy growth and earnings trend in Credit Solutions. Very weak development in Marketing Solutions and, as anticipated, lower sales of SPAR-related services
  • Strong cash flow from operating activities
  • Market positions in the Central European and Nordic strengthened through acquisitions
  • Streamlining of operations through the sale of Pointer in Sweden and Anopress in the Czech Republic
  • After the end of the period, Lars Pettersson was appointed new CEO after the resignation of Johan Wall. CFO Fredrik Åkerman has been appointed as Acting CEO

Comments of CEO

The past year’s trend of strong growth in Credit Solutions but weak development in Marketing Solutions was further reinforced during the quarter. Credit Solutions showed organic growth of 6 per cent in the first three quarters of the year, while revenue in Marketing Solutions declined organically by 12 per cent over the same period. The downturn for Marketing Solutions is attributable to an unfavourable market in the BeNeFra region and increasingly tangible signs of a general change in demand for traditional DM services. Intensive efforts are therefore underway to adjust our offering in Marketing Solutions to changed customer behaviour and adapt our cost structure to the new situation.

The Group as a whole achieved a continued stable operating margin and a strong cash flow for the period. After completing the acquisition of Lindorff Decision in Norway in July, we have also clearly assumed a leading role in the Norwegian market for business information. A market-leading position gives us the conditions for growth, economies of scale and higher profitability, and is something we strive for in all of the markets where we operate.

The climate of growing financial unrest in Europe in recent months is creating both challenges and new business opportunities for companies like Bisnode, above all in the Credit Solutions area. By being able to offer the customers relevant and correct decision support data, we can reduce the business uncertainties arising in an increasingly turbulent world.

Fredrik Åkerman,
Acting President and CEO

Fredrik Åkerman, CFO and Acting President and CEO of Bisnode
Mobile: +46 70 4 15 23 65
E-mail: fredrik.akerman@bisnode.com

Elin Ljung, Corporate Communications Director
Mobile: +46 70 8 66 10 40
E-mail: elin.ljung@bisnode.com

Bisnode is one ofEurope’s leading providers of digital business and decision support information, with a complete offering of online services for market, credit and business information. Bisnode’s business information services helps companies to increase sales, reduce business risks and improve their daily business decisions. Bisnode was founded in 1989 and has more than 3,000 employees in 17 European countries. Bisnode is owned 70 per cent by Ratos and 30 per cent by Bonnier. For more information visit www.bisnode.com

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Interim report business information bisnode credit information ratos direct marketing

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Bisnode is one ofEurope’s leading providers of digital business and decision support information, with a complete offering of online services for market, credit and business information. Bisnode’s business information services helps companies to increase sales, reduce business risks and improve their daily business decisions. Bisnode was founded in 1989 and has more than 3,000 employees in 17 European countries. Bisnode is owned 70 per cent by Ratos and 30 per cent by Bonnier. For more information visit www.bisnode.com
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Quotes

The climate of growing financial unrest in Europe in recent months is creating both challenges and new business opportunities for companies like Bisnode, above all in the Credit Solutions area. By being able to offer the customers relevant and correct decision support data, we can reduce the business uncertainties arising in an increasingly turbulent world.
Fredrik Åkerman, CFO and Acting CEO