Cision AB (publ) - Interim Report January-March 2014
April 29 2014 - 3:04AM
Business Wire
Regulatory News:
Cision (STO:CSN)
Cision delivers stable revenue and strong cash flow
January - March
· Total revenue SEK 206 million (206)
· Organic growth 0% (-1%)
· Operating profit* SEK 20 million (20)
· Operating margin* 10% (10%)
· Operating cash flow SEK 42 million (21)
· Earnings per share, basic and diluted, SEK 0.75 (0.37)
*) Excluding non-recurring items, goodwill impairment and other
one-time revenue items.
Comment by Cision CEO Peter Granat: “Overall we demonstrated
again in the first quarter a stabilized business to build off
moving forward through additional investments in sales and
marketing in 2014. We had positive organic growth in Europe and
continued strong cash flow for the Group. We also continued to see
good momentum in our core CisionPoint subscription and professional
service business. Since the effects of the US print monitoring
divestment are finally behind us, we can now turn our focus to
organic growth. We continue to face the challenges of a declining
US broadcast transactional business as well as the Canadian
division which has not made the complete transformation to a
“digital first” business. We are combatting those declines with
investments in our product and sales teams to continue to meet the
shifting needs of PR and marketing professionals. Our latest
release of CisionPoint contains enhancements to both our social
media and content marketing products to increase user adoption and
provide a complete end to end solution for earned media campaigns.
We also launched a new website in the US that will be rolled out
across all countries over the next several months. The new
mobile-friendly website provides users an intuitive experience that
makes it easy to find information and execute successful campaigns.
In February, Blue Canyon Holdings announced a public offer to
purchase all shares of Cision and as of April 25, they controlled
71.9% of the shares and votes of Cision. The offer corresponds to
an enterprise value for Cision amounting to SEK 909 million. We
remain committed to executing our strategic objectives and look
forward to returning to organic growth in 2014.”
Cision is a leading provider of cloud-based PR software,
services and tools for the marketing and public relations 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, is quoted on the Stockholm Stock
Exchange with revenue of approx. SEK 0.9 billion in 2013. For more
information, visit www.cision.com (http://us.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 29, 2014.
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
This information was brought to you by Cision
http://news.cision.com
Cision ABPeter GranatPresident and CEOphone 46 (0)8 507 410
11e-mail: investorrelations@cision.comorCharlotte
HanssonCFOtelephone 46 (0)8 507 410 11e-mail:
investorrelations@cision.com
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