Cision AB (publ) Interim report January-June 2008, July 24, 2008 Weak development in the UK. Continued good growth in North America. • The Group's operating revenue amounted to SEK 878 million (957). Organic growth in local currency was -2 percent (1). Exchange rate effects negatively affected revenue by SEK 49 million. • Operating profit amounted to SEK 40 million (84) and profit before tax was SEK 16 million (57). Earnings per share were SEK -0.11 (0.37). • Excluding restructuring expenses and costs related to the takeover bid in 2008, operating profit amounted to SEK 69 million (114) and the operating margin was 7.8 percent (11.9). Exchange rate effects negatively affected profit by SEK 8 million. • Excluding restructuring expenses and costs related to the takeover bid in 2008, operating profit in the second quarter amounted to SEK 31 million (53) and the operating margin was 7.2 percent (11.3). Restructuring expenses during the quarter were SEK 13 million and costs for the takeover bid were SEK 10 million. Exchange rate effects negatively affected profit in the second quarter by SEK 5 million. • Operating cash flow amounted to SEK 61 million (125). Free cash flow amounted to SEK 2 million (26). • In the UK, production disruptions in the first quarter weakened revenue and earnings trends in the second quarter. • The trend remains favorable in North America with increasing sales of CisionPoint. A fully digital monitoring service was launched in the Nordic region in the second quarter. • In June, the Administrative Court of Appeal overruled the Swedish Tax Agency's decision to levy additional taxes on Cision AB related to the sale of Sifo Research & Consulting in 2000. • As announced in the press release published on June 18, Cision expects operating profit before restructuring expenses for the full year of 2008 to be significantly lower than in 2007. For further information, please contact: Niklas Flyborg, President and CEO, phone +46 (0)8 507 410 10 e-mail: niklas.flyborg@cision.com Erik Forsberg, CFO, telephone +46 (0)70 350 80 87, (0) 8 507 410 91 e-mail: erik.forsberg@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.
Cision AB (publ) Interim report January-June 2008, July 24, 2008
| Source: Cision AB