Title: Niklas Flyborg, Gunilla Rudebjer
1January - March 2007
- Niklas Flyborg, Gunilla Rudebjer
- April 26, 2007
2Highlights January - March 2007
- All regions report growth
- Strong growth in integrated services and
evaluation services - Growth in international client segment
- Restructurings proceed according to plan
- Number of employees reduced by 95 during the
quarter. - Stabilization and enhanced services in the UK
- Enhanced evaluation services and increasingly
digital solutions improved sales in the Nordic
Baltic region. - Continued positive development in the US, Germany
and Portugal - New company name and brand launched
- CisionPoint increasingly common offering
- Sales offices established in Amsterdam and Hong
Kong
3Cision new common corporate name and brand
- The Annual General Meeting 2007 resolved to
change the companys name to Cision. - The Group gets a common name and uniform profile
across all markets - CisionPoint increasingly common offering in all
markets - A common name that applies to every part of the
Group allows Cision to - Better leverage its international presence
- Be an obvious partner to large and international
clients. - Increase efficiency
- Move towards services that contain analyzed
information
4Market
- Generally good market conditions, but tough
competition in all service areas - Growing importance of reputation and brands drive
demand - Rising demand for integrated services with
value-added analyzed information - Growing demand within international client
segment - New market roles as content becomes increasingly
accessible - Publishers seek new revenue streams as print
media declines in relative importance - Opportunities in mediating information
- Consolidation will continue and increase, mainly
driven by technological shift (digitalization),
internationalization of industry and lack of
critical mass amongst regional competitors.
5January March 2007
- Restructuring expenses of SEK 20 (-) million
6Organic Growth Operating Margin (rolling 12
months)
Excluding write-down goodwill and restructuring
expenses
7Operating Cash Flow and EBIT (rolling 12 months)
Amounts in SEK million
Excluding write down of goodwill and
restructuring costs
8Balance Sheet March 31, 2007
Financial Assets, 189 Current receivables,
392 Other fixed assets, 258 Goodwill 1 959
Financial liabilities 924 Operating
liabilities 477 Equity 1 289
Working capital -85 Equity / Assets ratio
45 Debt / Equity ratio 57 Net
debt 735
Amounts in SEK million
9The Regions
- North America
- Solid earnings
- Organic growth amounted to 2 (5 excluding
nonrecurring earnings in 2006) - Healthy demand for integrated services
- Rest of Europe
- Improved earnings
- Organic growth amounted to 2
- Positive development in Germany and Portugal
- Stabilization and enhanced service offering in UK
- Nordic Baltic
- Improved earnings
- Organic growth amounted to 3
- Digitalization increases client value in Cisions
software solution, CisionPoint -
10Restructuring
- Restructuring expenses amounted to SEK 20 million
- Effects by the end of the year
- Irish operations closed in January.
- Costs reserved in 2006
- The action programs are expected to lead to
yearly savings of SEK 200 million with a full
effect by 2009. Restructuring expenses are
expected to total SEK 170 million. The impact on
earnings based on the 2006 expense level and
exchange rates is - estimated as follows
- Estimates of aggregate effects are preliminary
and could be affected by outside circumstances,
which - could result in eventual changes in the time
schedule.
11Cision today
- Strengths
- Global market leader with a common brand
- Unparalleled offering breadth and depth
- Large client base
- Prime position in North America the leading
media market in the world - Strong cash flow
- Opportunities
- Strong growth in international client segment
- Strong position within our client segment
- Effects from initiated cost reduction program
- Increased synergies within and between regions
- Expansions to new markets
- Cision is well positioned to capitalize on a
growing market.
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