Comments on currency and sales development in the first quarter Cision's British operations reported weaker-than-expected sales during the first quarter of 2008 due to production disruptions in connection with the consolidation of two offices as well as delayed service launches. The production problems have now been remedied and planned service launches are scheduled for CisionPoint during the first and second quarters of 2008. CisionPoint, which offers clients greater value by integrating all of Cision's services, represents a transition to a subscription-based business model that generates more stable revenue streams. In North America, Cision's largest and most important market, CisionPoint continued to be well received during the first quarter of 2008. Unfavorable exchange rates coupled with the development in the UK will mean that Cision's revenue and operating profit in the first quarter of 2008 will be lower than the corresponding period of 2007. For further information, please contact: Niklas Flyborg, President and CEO, telephone: +46 8 507 410 10, e-mail: niklas.flyborg@cision.com Erik Forsberg, Chief Financial Officer, telephone: +46 8 507 410 91, e-mail: erik.forsberg@cision.com Cision AB (publ) SE-114 88 Stockholm, Sweden Telephone: +46 (0)8 507 410 00 www.cision.com Cision improves clients' performance through integrated services and software solutions for reputation and campaign management, media monitoring and research of media contacts. Cision AB is quoted on the Nordic Exchange and has approx. 17 000 shareholders. The company has around 2,600 employees and a turnover of SEK 1.9 billion in 2007. Cision operates in the US, UK, Sweden, Canada, Germany, Norway, Finland, Denmark, Portugal, Lithuania, the Netherlands and China and has partners in another 125 countries.
Comments on currency and sales development in the first quarter
| Source: Cision AB