Cision AB (publ) - Interim report January-March 2011, April 27, 2011

Cision AB (publ) - Interim report January-March 2011, April 27, 2011

Solid cash-flow generation

January-March

  · The Group's operating revenue amounted to SEK 248 million (314).
Organic growth was negative at
2 percent, compared to negative 1 percent for October-December 2010 and
negative 8 percent for
January-March 2010. Exchange rate effects decreased revenue by SEK 23
million compared to the
same period last year.
  · Operating profit excluding non-recurring items amounted to SEK 32
million (33) and the operating margin
was 12.9 percent (10.4). Non-recurring items amounted to SEK 0 million
(2) and therefore operating profit
amounted to 32 million (31). Exchange rate effects had a negative impact
on operating profit of SEK 4 million
compared to the same period last year.
  · Operating cash flow amounted to SEK 32 million (11) and free cash
flow amounted to SEK 21 million
(-17). Net debt amounted to SEK 411 million (746) at the end of the
period and the ratio of interest-bearing
net debt in relation to EBITDA excluding non-recurring items was 2.1
(4.0).
  · Cision US, the group's largest and most important market, recorded
organic growth of 3 percent in the first
quarter, up from 2 percent in the fourth quarter of 2010 and negative 4
percent in the first quarter of 2010.

Comment by Cision CEO Hans Gieskes:
“In the first quarter, we were pleased with the revenue trend in our
important market, Cision US, where
organic growth continues to develop in a positive direction. In most of
Cision's markets, we now have organic
growth, but a few markets with traditional media monitoring as the main
business reduce the Group's overall
growth. As with our activities in 2009-2010, we will continue to
implement measures to transform or possibly
divest our remaining traditional media monitoring operations, in order
to complete our transformation into a
true PR software and information services company.
Adverse currency developments contributed to a relatively flat operating
profit compared to the first quarter
of last year. Adjusted for the adverse currency impact of SEK 4 million,
the underlying performance in the first
quarter of 2011 implied an improvement compared to the same period last
year. Our first quarter cash flow
continued to improve compared to the same period last year, further
strengthening Cision's financial position.”

For further information, please contact:
Hans Gieskes, President and CEO, phone 46 (0)8 507 410 11
e-mail: hans.gieskes@cision.com (hans.gieskes@cision.com)

Erik Forsberg, CFO, telephone 46 (0)8 507 410 91
e-mail: erik.forsberg@cision.com (erik.forsberg@cision.com)

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 (http://corporate.cision.com)