Cision AB (publ) - Interim report January-March 2012, April 24, 2012
Cision reports solid incremental performance
January–March
• Total revenue SEK 245 million (248)
• Organic growth +4% (–2%)
• Operating profit SEK 35 million (32)
• Operating margin 14.2% (12.9%)
• Cision US recorded organic growth of 11% (3%)
• Operating cash flow SEK 24 million (32)
• Profit before tax SEK 29 million (25) an increase of 17%
Comment by Cision CEO Hans Gieskes:
“We saw the momentum gained in the second half of last year continuing during the first quarter. The 2011 investments we have made in our award winning CisionPoint PR software and in sales and marketing capabilities have been delivering good results. Our core market in the US experienced double digit growth, as it did in the fourth quarter last year and year on year improvements in operating margins in Europe to 10% compared to 9% last year have been good to see. Organic growth in Europe is now not far away. Our focus remains on aggressively pursuing revenue growth through investing in CisionPoint and sales capabilities whilst maintaining our 20% EBITDA levels of last year. The continuing shift in the media landscape from traditional to social media drives customer demand for our software and bundled information services and at the same time drives our product development road map with many exciting new plans for 2012 and beyond.”
For further information, please contact:
Hans Gieskes, President and CEO, phone 46 (0)8 507 410 11
e-mail: investorrelations@cision.com
Tosh Bruce-Morgan, CFO, telephone 44 (0) 7710 385 006
e-mail: investorrelations@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
Cision AB is required to disclose the information in this interim report under Sweden’s Securities Market Act and/ or the Financial Instruments Trading Act. It was released for publication at 8:30 a.m. CEST on April 24, 2012.
Cision is the leading provider of software, services, and tools to the public relations and marketing industry. Marketing and PR professionals use our products to help manage all aspects of their brands – from identifying key media and influencers to connecting with audiences; monitoring traditional and social media; and analyzing outcomes. Journalists, bloggers, and other influencers use Cision’s tools to research story ideas, track trends, and maintain their public profiles. Cision is present in Europe, North America and Asia, with partners in over 125 countries and is quoted on the Nordic Exchange with revenue of SEK 1.0 billion in 2011. This press release is also available at http://corporate.cision.com.
Tags: