ISS A/S Trading Update January – September 2005
8 November 2005
ISS Holding A/S announced on Monday, 7 November 2005 that it has finalised its financing arrangements relating to the acquisition of ISS A/S. In connection with the syndication process, which is expected to commence on 9 November 2005, an information memorandum will be published on the Group's website, www.issworld.com. This memorandum will contain the enclosed trading update for ISS A/S for the nine months ended 30 September 2005, from which highlights are shown below:
Amounts in DKK million |
Jan – Sep 2005 |
Jan – Sep 2004 |
Change |
Revenue |
34,157 |
29,398 |
+16% |
Operating profit before other items |
1,944 |
1,664 |
+17% |
Operating profit |
1,888 |
1,574 |
+20% |
Profit before goodwill impairment and amortisation of customer contracts |
1,121 |
941 |
+19% |
Organic growth |
3% |
1% |
+2% |
Commenting upon the trading, CEO of ISS Management A/S, Eric Rylberg said:
"I am quite pleased with the progress ISS has made. The results and the organic growth are in line with the expectations for the trading performance that were contained in the Annual Report 2004 for ISS A/S.
Total growth has been solid, partly driven by acquisitions that so far total 87 this year, and an increase in organic growth in line with expectations.
ISS considers the trading performance to be a good start to the new strat-egy, Route101, which was launched in April.
Route101 has been well received in the organisation and ISS has really made strategic progress in 2005. Significant contract wins within Integrated Facility Services over the last couple of months are an illustration of the progress.
I am also pleased that ISS is now present in the new geographies that we had in the plans for 2004 and 2005. Chile, China, Estonia, India, New Zea-land, Russia, Turkey, and Uruguay were targeted and I am pleased that ISS now operates also in these countries. ISS still wants to increase its geo-graphical reach, but sees a lot of growth potential in the geographies it already covers."
Read the full Trading update January-September 2005
For further information, please contact:
ISS Management A/S
Eric Rylberg, CEO
Jeff Gravenhorst, CFO
Karsten Poulsen, CTO
+45 38 17 00 00