2008-11-07
Bisnode Interim report Q3 2008
“Bisnode delivered continued revenue growth and healthy profitability in a changed market climate. With the help of our digital business information services, companies can improve their decision-making performance and more effectively assess their risks. As a result, demand is expected to remain strong despite more difficult market conditions,” says Johan Wall, CEO of Bisnode.
January – September 2008
• Revenue amounted to SEK 3,312 million (2,764).
• Operating profit (EBITA) was SEK 434 million (479), or SEK 394 (390) excluding capital gains.
• Operating margin (EBITA) was 12.8 per cent (16.6), or 11.9 per cent (14.1) excluding capital gains.
• Cash flow from operating activities was SEK 218 million (282).
Key events
• Johan Wall took over as Bisnode’s new President and CEO on 15 September.
• Continued expansion through acquisitions in Belgium, Sweden, Switzerland and Germany.
• Restructuring and consolidation process started to increase the focus on Bisnode’s core business.
• Refinancing of the Group completed.
Key events after the end of the period
• Negotiations for a transitional agreement regarding handling of SPAR services as of 1 January 2009 are underway and are expected to be completed before the end of the year.