Information regarding the annual report for 2012


Cision today releases its annual report for 2012. The report includes certain
amendments of income statement and balance sheet data compared with the
information shown in the year-end report for 2012, which was published on
February 7 of this year. The company has identified an incorrect handling of
deferred revenue for a large contract in Cision’s North American operations. The
incorrect handling was identified through an internal control and refers to the
third and fourth quarter of 2011 as well as the first and second quarter of
2012. The consequences of the unintentional but incorrect handling were that
revenue and results were positively affected, while the balance sheet item
deferred revenue was adversely affected. Cash flow and liquidity have not been
affected.

Main impact of amendments, SEK million

                                 2011                  2012
                             Q3    Q4     FY       Q1    Q2     FY
Group's income statement*
Revenue                    -3.9  -7.0  -11.0     -5.9  -5.1  -11.0
Net profit after tax       -2.6  -4.6   -7.2     -3.9  -3.4   -7.3

Group's balance sheet**
Deferred revenue            4.1   7.5   11.7      5.8   5.3   10.6

*) Average exchange rates for 2011 and 2012
**) Balance sheet date rates for 2011 and 2012

Revenue and results for previous and later quarters are not affected, while
deferred revenue is affected in total by SEK 22.3 million. The total revenue
impact is equivalent to -1.1 % for 2011 and -1.1% for 2012. Cash flow and
liquidity are not affected.

In accordance with IAS 8, the annual report for 2012 has been adjusted, with
amendments to the accounts for 2011 and 2012. The incorrect handling was due to
an error in the accounting of deferred revenue, i.e. revenue that is deferred
for recognition over the term of the contract. Cash flow and liquidity were not
affected. In 2012, the finance and control functions in the North American
operations have been significantly strengthened. The incorrect handling was
identified in connection with an internally initiated control within the North
American operations.

Additional information can be found in the annual report for 2012, released
today and available at Cision’s website http://corporate.cision.com. As has been
previously announced, the Annual General Meeting will be held in Stockholm on
April 9, 2013.
For further information, please contact:
Tosh Bruce-Morgan, CFO, telephone +46 (0)8 507 410 11
E-mail: investorrelations@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

The information provided herein is such that Cision AB (publ) is obligated to
disclose pursuant to the Swedish Securities Markets Act (SFS 2007:528) and/or
the Swedish Financial Instruments Trading Act (SFS 1991:980). The information
was submitted for publication at 08:30 AM CET on March 19, 2013.
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 Nordic Exchange with revenue of approx. SEK 1.0 billion
in 2012. For more information, visit www.cision.com (http://us.cision.com/).

Attachments

03182334.pdf