Cision AB (publ) - Year-end report January-December 2009, Februari 15 2010

Cision AB (publ) - Year-end report January-December 2009, Februari 15 2010

Solid operating margins in North America and the Nordics
Financials strengthened through rights issue and new loan agreement

October-December
• The Group's operating revenue amounted to SEK 315 million (487). Organic
growth was negative at
16 percent (-2), compared to negative 13 percent in the third quarter of 2009.
Exchange rate effects
decreased revenue by SEK 17 million compared to the same period last year.
• Operating profit excluding goodwill impairment, restructuring costs and other
one-off costs amounted to
SEK 24 million (35) and the operating margin was 7.5 percent (7.1). Exchange
rate effects had a
negative impact on operating profit of SEK 3 million compared to the same period
last year.
• Restructuring costs were SEK 24 million (21). Other one-off costs of SEK 3
million were incurred for an
adjustment of the realized loss from the divestment of the UK Print Monitor
operations in the third
quarter.
• The North America and Nordic regions continued to deliver solid operating
margins of 20% and 10%
respectively, despite challenging market environments.
• Today, the Board of Directors announced a rights issue of about SEK 250
million, subject to approval by
an Extraordinary General Meeting. The planned rights issue is fully secured
through subscription
commitments and guarantees from major shareholders. Subject to the rights issue,
Cision has also
secured a new three-year loan agreement, with a facility limit of up to USD 100
million, to replace its
current loan agreement.
• Today, the Board of Directors adopted new financial targets for Cision.
• The Board of Directors proposes that no dividend be paid for the fiscal year
2009.

January-December
• The Group's operating revenue amounted to SEK 1,476 million (1,783). Organic
growth was negative at
13 percent (-3). Exchange rate effects increased revenue by SEK 136 million.
• Operating profit excluding goodwill impairment, restructuring costs and other
one-off costs amounted to
SEK 96 million (125) and the operating margin was 6.5 percent (7.0). Exchange
rate effects had a
positive impact on operating profit of SEK 22 million.
• Operating profit amounted to SEK -260 million (-173) and the loss before tax
was SEK 341 million
(-223). Earnings per share were SEK -4.93 (-3.66).
• For the period January-December, operating cash flow amounted to SEK 90
million (136) and free cash
flow amounted to SEK -49 million (20).

Comment by Cision CEO Hans Gieskes:
“The fourth quarter of 2009 developed in accordance with the previous quarter,
where we continue to be
significantly impacted by the global recession. Despite this development, we
managed to deliver good
results in two out of three regions, with North America operating margins at 20%
and the Nordics at 10%.
Losses in the UK continue to have a substantial impact on our operating results,
however, with the transition
of the loss-making units finalized by the end of the fourth quarter. The
activities to address weak performance
in Germany continue to be our most important priority.

Today, we are pleased to announce a rights issue of SEK 250 million, 100 percent
guaranteed, together
with a new three-year loan agreement with a facility limit of USD 100 million.
These activities will strengthen
Cision's financials and thereby improve our opportunities to invest in and grow
our business.
Looking back at an intense 2009, where we have divested five separate
loss-making business units and
taken out substantial operating costs to battle the recession. I believe Cision
is now better positioned for
improved performance in 2010. Whereas we remain cautious about the near-term
outlook for improved
economic conditions, we will continue the transformation of our company,
focusing on growing our profitable
Plan and Connect business, reducing fixed costs for Monitor operations, and
leveraging the success of
CisionPoint to grow revenues.”

For further information, please contact:
Hans Gieskes, President and CEO, phone +46 (0)8 507 410 11
e-mail: hans.gieskes@cision.com
Erik Forsberg, CFO, telephone +46 (0)8 507 410 91
e-mail: erik.forsberg@cision.com

Cision AB (publ)
SE-114 88 Stockholm, Sweden
Corp Identity No. SE556027951401
Telephone: +46 (0)8 507 410 00
www.cision.com

Cision empowers businesses to make better decisions and improve performance
through its CisionPoint software solutions for corporate communication and PR
professionals. CisionPoint was named the 2009 CODiE Award winner for Best Online
News Service by the Software and Information Industry Association (SIIA).
Powered by local experts with global reach, Cision delivers relevant media
information, targeted distribution, media monitoring, and precise media
analysis. Cision has offices in Europe, North America and Asia, and has partners
in 125 countries. Cision AB is quoted on the Nordic Exchange with a turnover of
SEK 1.8 billion in 2008.