Cision’s Q1 report was overall in line with our forecasts and revenues amounted to SEK 206 million and operating profits to SEK 17 million. The European business showed a 4 per cent organic growth and the company reported a very strong operating cash flow for the quarter.
Blue Canyon Holdings now holds 71.9 per cent of the company and we expect that Blue Canyon will retain full control of the company within 12 month.
Our DCF indicate a value for Cision, as a stand-alone company, at SEK 45 per share. We therefore believe that the public offer level of SEK 61 per share is a fair deal for Cision’s shareholders.
Please read our special segment about the public offer for a full view of the bid process.
To read the full report visit http://www.redeye.se/
Denna information skickades av Cision http://news.cision.com/se
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