Cision announces settlement on alleged infringements and provides trading update for the second quarter
Further to Cision’s press release dated March 8, 2012 Cision announces a settlement with the US publisher Dow Jones on certain alleged infringements of rights.
The agreement provides for a confidential settlement amount and restricts Cision from redistributing Dow Jones original content.
Cision continues to demonstrate a solid incremental performance, as previously indicated by the first quarter results, and the underlying EBIT for the second quarter of 2012 is expected to be SEK 35 million. The result of the second quarter will however be affected by the undisclosed settlement amount and other non-recurring costs for implementation plus legal / professional fees. As a consequence the EBIT for the second quarter is now expected to be around negative SEK 10 million.
The second quarter interim results will be presented on July 18, 2012.
For more information:
Hans Gieskes, CEO, phone. +46 (0)8 507 410 11
Tosh Bruce-Morgan, CFO, phone. +46 (0)8 507 410 11
E-mail: investorrelations@cision.com
Fogel & Partners
Anders Fogel, phone. +46 722044750
Email: anders.fogel@fogelpartners.se
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
The information provided herein is such that Cision AB (publ) is obligated to disclose pursuant to the Swedish Securities Markets Act (SFS 2007:528) and/or the Swedish Financial Instruments Trading Act (SFS 1991:980). The information was submitted for publication at 10:00 PM CEST on June 12, 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.
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