Asiakastieto Group Oyj - Interim report (Q1 and Q3)

Asiakastieto Group Plc: ASIAKASTIETO GROUP'S INTERIM REPORT 1.1. - 31.3.2015

Asiakastieto Group Plc, stock exchange release 20 May 2015, 10.00 a.m. EEST

ASIAKASTIETO GROUP'S INTERIM REPORT 1.1. - 31.3.2015

The  clients'  interest  in  new  and  value-added  services  which increase the
efficiency of their business processes keeps Asiakastieto Group on growth path.

SUMMARY

The figures presented in this interim report are unaudited.

January-March 2015 in short

  * Net sales amounted to EUR 10,5 million (EUR 10,4 million), an increase of
    1,6 %.
  * Adjusted EBIT excluding non-recurring items was EUR 4,3 million (EUR 4,8
    million).
  * Operating profit (EBIT) was EUR 2,1 million (EUR 4,7 million). Operating
    profit included non-recurring expenses of EUR 2,2 million (EUR 0,1 million),
    mostly relating to the Company's listing.
  * The share of new products and services of net sales was 4,8 % (5,3 %).
  * The share of value-added services of net sales was 57,9 % (55,8 %).
  * Free cash flow amounted to EUR 3,3 million (EUR 5,5 million). The impact of
    non-recurring items on free cash flow was EUR -1,4 million (EUR -0,0
    million).
  * Earnings per share were EUR 0,09 (EUR -0,13).
Future outlook

Asiakastieto  Group expects its full-year net  sales in 2015 to grow compared to
2014.

Jukka Ruuska, CEO"In  the first  part of  the year  2015, there were  no signs of recovery in the
Finnish  economy. The number of consumers  and companies having payment defaults
is  at a record high  level, and the business  activity by operating enterprises
has  not increased  significantly. Despite  this, the  net sales of Asiakastieto
Group  have grown compared  with the corresponding  period of the previous year,
and  generally the first quarter met our expectations. Our client companies have
a  need to  increase the  efficiency of  their risk  management as well as their
sales  and business processes,  and they have  increasingly used our value-added
services.

In  the first quarter of the year,  the net sales of Asiakastieto Group amounted
to  EUR 10,5 million (EUR 10,4 million), an increase of 1,6 % as compared to the
previous  year. Net sales in the  Business Information, Consumer Information and
Customer  Management product areas  increased, while there  was a decline in the
net sales of Certificates and Analyses.

The  adjusted operating profit (EBIT) of Asiakastieto Group in the first quarter
was  EUR 4,3 million  (EUR 4,8 million).  Operating profit  (EBIT) included non-
recurring   costs  of  EUR  2,2 million,  mainly  relating  to  the  listing  of
Asiakastieto  Group Plc. The profitability of  the business was also affected by
non-capitalised  development  work  relating  to  IT infrastructure in the first
quarter.  Furthermore, the increase in net sales during the first quarter of the
2015 was  mainly generated by  services based on  external databases, where each
data  search made  by a  customer increases  data acquisition  costs incurred by
Asiakastieto  Group. The increase in  depreciation and amortisation reflects the
Group's  increasing  capital  expenditure  generating  growth  by developing new
services that improve the efficiency of the business processes of our customers.
For  the rest  of the  year, the  development of  new services will particularly
focus on services utilising our own database.

We  expect that the listing in the stock  exchange completed at the end of March
will  bring  Asiakastieto  Group  increased  positive  visibility, awareness and
public  reliability and create natural opportunities to expand the business also
by  acquisitions.  We  strongly  believe  that  our  customers  will continue to
increase  the  efficiency  of  their  decision-making  and marketing through the
automation  of  their  processes.  According  to  our long-term strategic goals,
Asiakastieto  Group wants to be a pioneer  in this digitalisation and by its own
activities  demonstrate  the  functionality  of  its  services. During the first
months  of  the  year  2015, we  have  already  seen  that  our  efforts  in the
development of products and services have been successful."

Key figures

 Key income statement and cash
 flow figures
 EUR million                   1.1.- 31.3.2015 1.1.- 31.3.2014 1.1.- 31.12.2014



 Net sales                                10,5            10,4             41,4

 Growth of net sales, %(1)                 1,6            -2,9              0,1



 EBITDA                                    2,7             5,2             19,7

 Operating profit (EBIT)                   2,1             4,7             17,6



 Adjusted EBITDA²                          4,9             5,2             20,6

 Adjusted EBITDA margin, %(2)             46,2            50,4             49,8



 Adjusted EBIT(2)                          4,3             4,8             18,6

 Adjusted EBIT margin, %(2)               40,6            45,8             45,0



 Net sales from new products
 and services                              0,5             0,6              2,8

 New products and services
 share of net sales, %                     4,8             5,3              6,7



 Net sales from value-added
 services                                  6,1             5,8             23,2

 Value-added services share of
 net sales, %                             57,9            55,8             56,1



 Free cash flow(3)                         3,3             5,5             16,8

 Cash conversion, %(3)                   123,2           106,6             85,3





 Key balance sheet ratios
 EUR million                   1.1.- 31.3.2015 1.1.- 31.3.2014 1.1.- 31.12.2014



 Net debt to adjusted EBITDA,
 x(4)                                      3,0             8,8              3,0

 Gearing, %(4)                            87,3            neg.             95,8

 Equity ratio, %(4)                       47,2           -52,2             46,7





(1  )The growth of net sales for  the period from 1 January to 31 March 2014 has
been calculated by comparing the net sales of the period to the net sales in the
comparative quarter in 2013.

(2  )Adjusted  key  figures  are  adjusted by non-recurring items. Non-recurring
items  include management  fees which  the Company  has paid  to Investcorp, the
former  owner  of  the  Company,  until  the  listing of the Company for certain
ongoing advisory services, costs relating to the listing, an expense relating to
the  discount given to the  personnel in the personnel  offering, fees for legal
and  other advisory services,  redundancy payments and  compensations paid. Non-
recurring  items were EUR  -2,2 million for  the interim period  1 January - 31
March  2015, EUR -0,1 million for the  interim period 1 January - 31 March 2014
and  EUR -1,0  million for  the annual  financial period 1 January - 31 December
2014.

(3 )The impact of non-recurring items on free cash flow was EUR -1,4 million for
the  interim period 1 January - 31 March  2015, EUR -0,0 million for the interim
period  1 January- 31 March 2014 and  EUR -0,3 million  for the annual financial
period 1 January - 31 December 2014.

(4)  Key  figures  for  the  interim  period  1 January  - 31 March 2015 are not
comparable  to figures presented for the period 1 January - 31 March 2014 due to
the  change in the capital structure and the refinancing of indebtedness carried
out by the Company at the end of 2014.



BUSINESS OVERVIEW

Asiakastieto  Group Plc  (the "Company")  is a  Finnish public limited liability
company  and the parent company for  Asiakastieto Group ("Asiakastieto Group" or
the "Group"). Suomen Asiakastieto Oy is the operating company in the group.

Asiakastieto  Group  is  one  of  the  leading Finnish providers of business and
consumer  information services. The Group's  products and services are primarily
used  for risk management, finance and administration, decision-making and sales
and  marketing purposes.  The Group  serves several  industries, the  largest of
which  include finance  and banking,  insurance, telecommunication and wholesale
and retail sectors.

The  services provided by the Group are  based on a comprehensive database which
combines  data from several public  data sources as well  as through the Group's
own  data  acquisition  channels.  The  database  provides  a base for the Group
services ranging from individual reports to advanced risk management solutions.

The Group's products and services are divided into four product areas:

 1. Business Information: Risk management and general business information
    services which are mainly used by businesses serving corporate customers.

 2. Consumer Information: Risk management information and services on private
    individuals and real estates. The products and services of Consumer
    Information are mainly used by businesses serving consumer customers.

 3. Customer Management: Services for the prospecting of potential customers as
    well as for sales and marketing purposes. The products and services of
    Customer Management are mainly used by businesses serving corporate
    customers.

 4. Certificates and Analyses: Credit rating certificates, company and industry
    analyses, and printed products concerning risk management information.
FUTURE OUTLOOK

Asiakastieto  Group expects its full-year net  sales in 2015 to grow compared to
2014.

The outlook is subject to risks related to, among other factors, the development
of  the  Finnish  economy  and  the  business  operations of the Group. The most
significant  risks  related  to  business  operations  include for example risks
related  to the success of product  and service development activities, launches
of  new products and  services and risks  related to losing significant customer
accounts.

Asiakastieto  Group's business risks  have been described  in more detail on the
Company's investor pages at investors.asiakastieto.fi.

Helsinki, on 20 May 2015

ASIAKASTIETO GROUP PLC
Board of Directors

For further information
Jukka Ruuska, CEO, Asiakastieto Group Plc, tel. +358 10 270 7111

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
major media
investors.asiakastieto.fi


[HUG#1922353]

Attachments:

Asiakastieto Group_Q1_2015_Interim report.pdf