Cision News Reports Increased Sales and Order Backlog in Q2
Cision News announced its second-quarter financial results, showing a significant increase in net sales and order backlog. The company also reported a substantial improvement in operating profit.
Cision News reported strong financial performance for the second quarter of the year, with notable growth in sales and the order backlog. The company's net sales increased to SEK 370 million, up from SEK 331 million in the same period last year.
Furthermore, the order intake saw a substantial rise of 16 percent, reaching SEK 600 million compared to SEK 519 million previously. The company's order backlog also expanded by 18 percent, standing at SEK 1.69 billion at the end of the quarter.
For the first half of the year, from January to June, net sales amounted to SEK 669 million, a rise from SEK 647 million. Order intake during this period increased by 10 percent to SEK 870 million.
The company's adjusted operating profit (EBITA) improved significantly, reaching SEK 12 million in the second quarter, compared to SEK 3 million in the prior year. For the first six months of the year, adjusted EBITA also stood at SEK 12 million.
Cision News highlighted its focus on increasing profitable growth as a key strategic objective, with these results indicating positive momentum and operational success.