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Jörg Bollow - 15 May 2014
“In Line With Plan”
Bisnode’s ambition is to help its customers make smart decisions. By combining the knowledge found among Bisnode’s qualified employees with the very latest technology, the value content of Bisnode’s offering will be successively increased.Our explicit ambition to boost the value content of our offering clarifies the need for our leaders in all nineteen countries to adapt the services and products to today’s needs.We are satisfied to see that Bisnode has succeeded in carrying out far-reaching structural changes at the same time that we have defended our business volume. This indicates future potential. Bisnode lost 0.9% in business volume during the first quarter.
Many of the measures that have been taken have still not reached full effect. However, it is my and my colleagues’ goal that we will begin to report organic growth in the second half of 2014.
A structured and methodical process of change is underway in all of the Nordic countries. Sales were down by 1.1% in Q1. During the period, a number of strategic acquisitions were carried out in order to create a more value-adding offering.
DACH defended its business volume from the preceding year (-0.2%). The extensive structural changes in Region DACH are now behind us and we expect 2014 to be a year with an increased business volume as a consequence of the stronger business focus.
Negative growth of 3.1% for the quarter. It should be mentioned that in Q1 we saw growth in both Belgium and the Netherlands. The drop in sales is entirely attributable to France, where we are carrying out an in-depth process of change.
Growth of 2.1% for Q1. Please note that these sales figures have been affected by changed accounting policies. The region is showing positive development and investing in additional analytical expertise to maximise value added.