1 / 10

Interim Report January – September 2008

Interim Report January – September 2008. Hans Gieskes, CEO and Erik Forsberg, CFO October 23, 2008. Highlights July – September 2008. Negatives Delayed recovery in the UK Unfavorable volumes of business news for Broadcast Monitor revenues

nate
Télécharger la présentation

Interim Report January – September 2008

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Interim ReportJanuary – September 2008 Hans Gieskes, CEO and Erik Forsberg, CFO October 23, 2008

  2. Highlights July – September 2008 • Negatives • Delayed recovery in the UK • Unfavorable volumes of business news for Broadcast Monitor revenues • Weak economy starting to have an impact on US Analysis revenues • Positives • Excluding the UK, organic growth of 2% YTD • US CisionPoint sales continues to develop well - North American profitability YTD remains strong • Other • New CEO, Hans Gieskes, appointed October 7 • Goodwill impairment of 241 MSEK, relating to the UK operations

  3. The Regions • North America • Organic growth 2% (4) January-September and 1% (6) July-September • Weak economy and lower volume of business news impacting Q3 margins • CisionPoint continues to be well received with new customers in the US • Continued positive development in Canada – revenue growth and improved margins • Rest of Europe • Organic growth -17% (1) January-September and -19% (-1) July-September • UK production disruption from Q1 continue to hurt revenue growth • Germany affected by lower business news volumes • Very good growth and strong margins in Portugal • Nordic and Baltics • Organic growth 1% (-1) January-September and 2% (-1) July-September • Strong growth for Plan and Connect, but weak demand and price pressure for Monitor

  4. Cision Group, January – September 2008 • Notes • Restructuring expenses of SEK 26 million during the period (29) • Negative currency impact on EBIT of 8 MSEK during January-September 2008, compared to the same period 2007 • Costs for bid process of SEK 10 million during April-June 2008 • For 2008, operating result includes profit from sale of real estate of 1 MSEK in Q2 • For 2007, operating result includes profit from sale of real estate of 3 MSEK in Q2 and 10 MSEK for Q1-Q2

  5. Cision Group, July – September 2008 • Notes • Restructuring expenses of SEK 7 million during the period (0) • Negative currency impact on EBIT of 0 MSEK during April-June 2008, compared to the same period 2007 • Costs for bid process of SEK 10 million during April-June 2008 • For 2008, operating result includes profit from sale of real estate of 1 MSEK in Q2 • For 2007, operating result includes profit from sale of real estate of 3 MSEK in Q2 and 10 MSEK for Q1-Q2

  6. Organic Growth & Operating Margin* (rolling 12 months) * Excluding goodwill impairment, restructuring expenses and costs for the April 2008 bid process

  7. Operating Cash Flow and EBIT * (rolling 12 months) Amounts in MSEK * Excluding goodwill impairment, restructuring expenses and costs for the April 2008 bid process

  8. Regional Operating Performance Notes 1. Operating Profit and Margin excluding restructuring expenses and goodwill impairments 2. For 2008, operating result includes profit from sale of real estate of 1 MSEK in Q2 For 2007, operating result includes profit from sale of real estate of 3 MSEK in Q2 and 10 MSEK for Q1-Q2 3. Negative currency impact on EBIT compared to 2007 of 8 MSEK for Jan-Sept of which 0 MSEK for July-Sept

  9. Financial Position Balance Sheet per 30 September 2008 (MSEK) Balance Sheet Key Ratios Cash-Flow (MSEK)

  10. Cision will fix its execution issues • Execution issues plaguing Cision Europe sadly are common for such large scale process re-engineering projects, but the solutions are common too. • Cision is now moving swiftly to deal with execution and cost issues. • Cision strategy of migrating from leadership in media monitoring to leadership in PR professional workflow solutions is the right course.

More Related