STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Cision (STO:CSN):
July–September
- Total revenue SEK 240 million (227)
- Organic growth +3% (+2%)
- Operating profit SEK 33 million (29)
- Operating margin 13.7% (12.7%)
- Operating cash flow SEK 18 million (13)
January–September
- Total revenue SEK 745 million (717)
- Organic growth +5% (–1%)
- Operating profit excluding non-recurring items SEK 103 million (93)
- Operating margin excluding non-recurring items 13.9% (12.9%)
- Operating cash flow SEK 75 million (61)
Comment by Cision CEO Hans Gieskes:
“Having transformed our European operations significantly between 2009 and 2011, we are now significantly transforming our US business in 2012, building on its market leading position. The desired divestment of our US print monitoring operations was a key event in the third quarter and will be completed during the next quarter. This activity will impact our business in the short term as we execute, but from experience we know improvements will come, with increased gross margin, a reduction in production related head count and direct costs. There will also be adjustments to organic revenue growth due to a changed customer offering on the transition of this business. We will seek to help our customers to select the most appropriate monitoring solutions for their needs and remain confident about our underlying business and are focused on executing our plans well.”
Cision AB is required to disclose the information in this interim report under Sweden’s Securities Market Act and/or the Financial Instruments Trading Act. It was released for publication at 8:30 a.m. CEST on October 23, 2012.
Cision is the leading provider of software, services, and tools to the public relations and marketing 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, with partners in over 125 countries and is quoted on the Nordic Exchange with revenue of SEK 1.0 billion in 2011. This press release is also available at http://corporate.cision.com.
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