Regulatory News:
Cision (STO:CSN):
October–December
· Operating revenue amounted to SEK 252 million (268). Organic growth
was +4 %, compared with +2 % for the previous quarter and –1 % for the
same period last year. Exchange rate effects decreased revenue by SEK 4
million and the net effect of divestments decreased revenue by SEK 24
million.
· Operating profit excluding non-recurring items amounted to SEK 39
million (37), and the operating margin excluding non-recurring items was
15.5 % (13.7 %). Exchange rate effects had a negative impact on
operating profit of SEK 1 million.
· Group Organic growth of +4 % for the fourth quarter was driven by
double digit growth in the US, with organic growth now reported for five
consecutive quarters.
· Profitability in Europe continued to strengthen in the fourth quarter,
with an operating margin of 20 %, compared with 17 % for the previous
quarter and 11 % for the same period last year.
January–December
· Operating revenue amounted to SEK 969 million (1,132). Organic growth
was +0.4 % (–5 %). Exchange rate effects decreased revenue by SEK 87
million and the net effect of Divestments and Acquisitions decreased
revenues with SEK 81 million.
· Operating profit excluding non-recurring items amounted to SEK 132
million (142). Operating margin was 13.6 % (12.6 %). Exchange rate
effects have had a negative impact on operating profit of SEK 15 million
compared with the same period last year.
· Profit before tax was SEK 94 million (83) an increase of +13 %.
Earnings per share were SEK 5.60 (4.01).
· Operating cash flow amounted to SEK 81 million (105) and free cash
flow amounted to SEK 45 million (5).
· For 2011, the board proposes a dividend of SEK 2.00 per share.
Comment by Cision CEO Hans Gieskes:
“For the full year we saw positive organic revenue growth of 0.4 %, the
first full year of organic growth for Cision in 4 years. The momentum
gained in the third quarter continued in line with our expectations into
the fourth quarter. There are clear signs that our 2010–2011 investments
in sales and marketing in the US are paying off. We are pleased with
double digit growth in revenue in the fourth quarter in the US and
equally happy with further improvements in operating margins in Europe
to 20 % compared to 11 % last year. During the fourth quarter we
executed on the necessary process transformation of our Canadian
business to address the cost base and the declining revenue trend, and
this has helped to stabilize our Canadian business. Having reached our
overall 2012 financial goals in 2011, we are confident that our changed
emphasis on revenue growth is the right strategy for 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 1.1 billion in 2010. This press release is also available
at http://corporate.cision.com.
Cision AB is required to disclose the information in this year-end
report under Sweden’s Securities Market Act and/ or the Financial
Instruments Trading Act. It was released for publication at 8:30 a.m.
CET on February 8, 2012.
Cision AB (publ)
P.O. Box 24194
SE-104 51 Stockholm, Sweden
Corp Identity No. SE556027951401
Telephone: 46 (0)8 507 410 00
This information was brought to you by Cision http://www.cisionwire.com
