Presentation on theme: "Niklas Flyborg, Gunilla Rudebjer April 26, 2007 January - March 2007."— Presentation transcript:
Niklas Flyborg, Gunilla Rudebjer April 26, 2007 January - March 2007
2 Highlights 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
3 Cision 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
4 Market 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.
5 January – March 2007 Amounts in SEK millionJanuary – March Revenue488 (493) Organic growth3 % (3) EBIT41 (-404) EBIT excl. write-down goodwill and restructuring expenses61 (65) Operating margin excl. write-down goodwill and restructuring expenses12.5 % (13.2) Operating cash flow90 (34) Restructuring expenses of SEK 20 (-) million
7 Operating Cash Flow and EBIT * (rolling 12 months) * Excluding write down of goodwill and restructuring costs Amounts in SEK million
8 Balance Sheet March 31, 2007 Working capital: -85 Equity / Assets ratio: 45 % Debt / Equity ratio: 57 % Net debt: 735 Financial liabilities 924 Operating liabilities 477 Equity Financial Assets, 189 Current receivables, 392 Other fixed assets, 258 Goodwill Amounts in SEK million
9 The 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
10 Restructuring 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 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. Mkr Savings impact Restructuring expenses576350– Net savings
11 Cision 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.