Cision reports Q3 revenue of SEK 295 million
Cision posted third-quarter revenue of SEK 295 million as the company prioritizes margin expansion and capital efficiency.
Cision recorded net sales of SEK 295 million for the third quarter, an increase from SEK 277 million in the same period last year. For the first nine months of the year, net sales reached SEK 963 million, up from SEK 924 million.
The company’s order backlog rose by 14 percent to SEK 1,571 million. While quarterly order intake saw a slight decrease to SEK 220 million from SEK 222 million, the year-to-date order intake grew by 7 percent to SEK 1,090 million compared to the previous year's SEK 1,016 million.
Management is currently directing efforts toward increasing operational efficiency and reducing tied-up capital. These initiatives are part of a broader strategy to improve profit margins amid ongoing market shifts. Adjusted EBITA for the first nine months of the year stood at SEK 14 million.