Comments from the CEO
”Bisnode's market is undergoing fast and fundamental changes with the amount of digital data growing atan increasing rate as more behaviours and processesare carried out digitally.
In today's increasingly data-driven world, successful companiesneed to acquire the ability to get their everyday transactional decisions and actions right, spanning from specific customer interactions, pricing and risk assessment to operational efficiency, by gradually automating their processes.
In order to take the right decisions and actions, companiesare dependent on having access to the correct data in an integrated manner in their business workflows. Providing knowledge about data has always been at the core of Bisnode'sbusiness, and we constantly develop our products and operations in order to enable our customers to gain actionable insights from smart data.
In light of the ongoing business transformation, I am satisfied with our overall second quarter performance, with organic growth of 1.0 per cent (-2.2). This means that we have now recovered much of the weaker start in Q1 2015 and are now showing slightly positive organic growth of 0.4 per cent year-to-date.
Sweden, however, still reported unsatisfactory results in Q2 2015. This was due to poor development in April and May, while June showed improved progress and was in line with the previous year.
Finland, facing the toughest macro-environmental changes ofall our markets, managed to successfully offset the decline in marketing solutions with a growing credit business. By acquiring SN4 International Oy, a leading provider of Customer Experience Management, we are well equipped for growth in Bisnode Finland in the upcoming quarters.
Norway also showed negative organic growth compared tolast year, which was consciously driven by a healthy conversionfrom one-time sales to a more subscription-based offering.This is expected to strengthen long-term profitability, however,at the expense of short-term revenue growth. Coreproducts continued to show good performance and marketdemand increased during the quarter.
Denmark continued the positive trend that started in Q1 2015 with consistently strong performance in Q2 2015 across all areas and is showing significantly better results compared to last year.
The DACH region also performed well with quarterly organicgrowth of 9.3 per cent, mainly driven by strongeroperational performance.
Central Europe continues to show strong underlying development, delivering good organic growth at the same time that they are increasing profitability margins.
I have also noted a growing interest and an increase in our revenue from international products sprung from our partnership with Dun & Bradstreet. In Q2 2015 we experienced strong revenue growth in this important area across all business areas.
I would also like to welcome our new CEO, Magnus Silfverberg, to Bisnode. Magnus brings strong experience in business development, leadership and sales from leading positions in innovative businesses, which will further strengthen Bisnode capabilities in an increasingly datadriven world.”