Presentation on theme: "January – December 2007. 2 Highlights January – December 2007 Solid order bookings for CisionPoint in the US Up-sell opportunities lead to larger contracts."— Presentation transcript:
2 Highlights January – December 2007 Solid order bookings for CisionPoint in the US Up-sell opportunities lead to larger contracts Strong growth in analysis services and international client segment Continued improved market share within Plan and Connect in the Nordic region The deal with Oslo Børs has generated 100 + new client deals Higher margins and decreased expenses in the Nordic region Launch of CisionPoint in Europe an important milestone during 2008
3 Market Generally good market conditions but increasing competition in all single service areas New media and technology change media habits New market roles Information is accessible and free Publishers seek new revenue streams as print media declines in relative importance Opportunities in mediating information Cision less sensitive to economic fluctuations than before Our integrated offering delivered in CisionPoint Our international capacity Transition to a subscription-based pricing model Growing demand for relevant information, targeted distribution and sophisticated decision
4 Potential Growing importance of reputation and brand equity drive demand Rising demand for solutions with analyzed information Growing demand within international client segment; global solutions Consolidation will continue and increase Global winnings proving potential as well as position and global deliverables:
5 January –December 2007 Amounts in SEK millionJanuary – December Revenue1 873 (1 916) Organic growth1 % (4) EBIT179 (-612) EBIT excl. write-down goodwill and restructuring expenses232 (204) Operating margin excl. write-down goodwill and restructuring expenses12.4% (10.6) Operating cash flow273 (201) Restructuring expenses of SEK 52 million (57)
6 October – December 2007 Amounts in SEK millionOctober - December Revenue459 (487) Organic growth- 2 % (4) EBIT35 (-281) EBIT excl. write-down goodwill and restructuring expenses58 (32) Operating margin excl. write-down goodwill and restructuring expenses12.7% (6.5) Operating cash flow92 (30) Restructuring expenses of SEK 23 million (23)
8 Operating Cash Flow and EBIT * (rolling 12 months) * Excluding write down of goodwill and restructuring costs Amounts in SEK million
9 Balance Sheet December 30, 2007 Working capital: -106 Equity / Assets ratio: 47% Debt / Equity ratio: 54 % Net debt: 689 Financial liabilities 968 Operating liabilities 469 Equity 1 286 Financial Assets, 209 Current receivables, 363 Other fixed assets, 272 Goodwill 1 879 Amounts in SEK million
10 The Regions North America Organic growth amounted to 0 % in Q4 Solid order bookings for CisionPoint does not yet impact revenue Strong demand for integrated services and analysis services The Plan database generates good growth and margins Rest of Europe Organic growth amounted to -5 % in Q4 Product up-grade and increased focus on large and international client segment has begun in the UK Growth in Germany and Portugal Efficiency improvements has saved costs during the year Nordic & Baltic Organic growth amounted to -4 % in Q4 Revenue loss due to weaker demand for print monitoring and the phase-out of non-strategic services Reduced costs Phase-out of manual production Strong growth within analysis services
11 Dividend The Boards proposals to the Annual General Meeting The Board of Directors recommends a dividend of SEK 0.25 per share for fiscal year 2007. The Board intends to request authorization from the Annual General Meeting to repurchase up to 10 percent of the shares outstanding.
12 Restructuring Restructuring expenses amounted to SEK 52 million (57). 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 150 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. SEK million2006200720082009 Cumulative savings impact1066155200 Restructuring expenses575240– Net savings- 4714115200
13 Cision today Strengths Global market leader with a common brand Unparalleled offering – breadth and depth Software as a Service platform New IR analyses Large client base 30 000 clients world-wide 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 Gaining market shares within Plan and Connect Effects from initiated cost reduction program Increased synergies within and between regions Expansions to new markets Establishment in Asia Cision is well positioned to capitalize on a growing market.