Healthy Growth in Credit Information Solutions – Offset by Weak Development in Marketing Solutions
BISNODE reports revenues of SEK 884 million down from SEK 1,038 million in the prior year quarter. Operating profit (EBITA) was SEK 69 million down from SEK 110 million. The company stated that it is streamlining its operations by selling its product information businesses and that it is undertaking a far reaching process of changing BISNODE into a more uniform business.
Organic revenue growth is flat, however its credit information solutions business shows healthy growth trends in revenues and profits, while the trend in its marketing solutions business remains soft. BISNODE entered into a new 10-year strategic partnership agreement with Dun & Bradstreet International for 11 markets signed at beginning of August.
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