2008-08-29
Bisnode Interim Report Q2 2008
“Bisnode delivered continued revenue growth and healthy profitability in the first half of 2008, partly as a result of our acquisitions in the past year. Bisnode has entered an expansion phase aimed at increasing focus on our core business. To achieve this, we have divested a number of non-core operations and made supplementary acquisitions in several European markets,” says Håkan Ramsin, acting CEO of Bisnode.
January – June 2008
• Revenue amounted to SEK 2,247 million (1,775).
• Operating profit (EBITA) was SEK 287 million (314), or SEK 252 million (229) excluding capital gains.
• Operating margin (EBITA) was 12.4 per cent (16.7), or 11.2 per cent (12.9) excluding capital gains.
• Cash flow from operating activities was SEK 100 million (237).
Key events
• Five supplementary acquisitions made in Belgium, Sweden, Switzerland and Germany.
• Sale of MarketWatch and minority holdings in Addnode and Polopoly.
• Refinancing of the Group completed.
• Johan Wall appointed as new President and CEO, effective 15 September 2008.