Home » Industry » Credit Information » D&B Q1 Total Revenue Flat: – Revenues for North America Down 2% – International Revenues up 8% (BFX)

D&B Q1 Total Revenue Flat: – Revenues for North America Down 2% – International Revenues up 8% (BFX)

Total revenue for the first quarter of 2012 was $402.8 million, flat both before and after the effect of foreign exchange from the prior year similar period(1).  Operating income before non-core gains and charges for the first quarter of 2012 was $106.0 million, up 3% from the prior year similar period, primarily due to reengineering savings(2)

North America: Total revenue for the first quarter of 2012 was $285.5 million, down 2% both before and after the effect of foreign exchange, as compared to the prior year similar period.

Asia Pacific: Core revenue for the first quarter of 2012 was $47.2 million, up 15% before the effect of foreign exchange (up 16% after the effect of foreign exchange), as compared to the prior year similar period.

Europe & Other International Markets: Core and total revenue for the first quarter of 2012 was $57.4 million, up 3% before the effect of foreign exchange (up 2% after the effect of foreign exchange), as compared to the prior year similar period.

China Situation:  D&B announced today complete shutdown of its Roadway consumer direct marketing business.  On March 18, 2012, D&B announced it had temporarily suspended its Shanghai Roadway D&B Marketing Services Co. Ltd. (“Roadway”) operations in China, pending an investigation into allegations that certain data collection practices may have violated local Chinese consumer data privacy laws.   D&B are cooperating with the local Chinese investigation and have voluntarily reported this matter to the Securities and Exchange Commission and the United States Department of Justice and is cooperating with both agencies in the investigation.  D&B will not comment until investigations have been completed.

D&B confirmed that its China commercial credit information business, Huaxia D&B and its B2B Micro Marketing businesses remain operational and are not affected by the shutdown of Roadway.

D&B’s Stock was down 14% by midday Tuesday May 8th, 2012

1 Total revenue for the first quarter of 2012 included the results of the domestic portion of its Japanese operations that was divested during the first quarter of 2012.  Total revenue for the first quarter of 2011 included the results from Purisma, AllBusiness and a small supply management company in North America, as well as its market research business in China and the domestic portion of its Japanese operations that were recently divested.
2 On a GAAP basis, operating income was $74.4 million, down 17% from the prior year similar period, primarily due to impairment charges related to the shutdown of our Shanghai Roadway D&B Marketing Services Co. Ltd. in China.

Source: D&B Press Release

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