Cision AB (publ) Interim Report January-March 2008, April 24, 2008.Weak Quarter in the UK Continued Solid Performance in North America STOCKHOLM, Sweden -- Regulatory News: Cision (STO:CSN): * The Group's operating revenue amounted to SEK 443 million (488). Organic growth in local currency was -4 percent (3). Exchange rate effects negatively affected revenue by SEK 18 million. * Operating profit amounted to SEK 31 million (41) and profit before tax was SEK 17 million (27). Profit after tax amounted to SEK 7 million (15), while earnings per share amounted to SEK 0.10 (0.20). * Excluding restructuring expenses, operating profit amounted to SEK 37 million (61) and the operating margin was 8.4 percent (12.5). Exchange rate effects, mainly from a weaker U.S. dollar, negatively affected profit by SEK 3 million. * Operating cash flow amounted to SEK 18 million (90). Free cash flow amounted to SEK -18 million (30). Cash flow during the same period of the previous year included non-recurring revenue of SEK 29 million from property sales. * According to the press release distributed April 4, production disruptions in connection with the consolidation of two facilities in the UK resulted in significantly lower revenue in this market than the previous year. The estimated effect on revenue during the quarter was about SEK 15 million. * In the U.S., CisionPoint has continued to be well received by clients and generated good orders. 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. This information was brought to you by Cision http://newsroom.cision.com |
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