- Board of Directors approves ISS A/S Annual Report 2005
Copenhagen, 6 April
2006
- Today, the Board of Directors of ISS A/S has approved the ISS A/S Annual
Report 2005.
Performance highlights are shown below:
|
Amounts in DKK million*
Revenue
Operating profit before other items
Net profit for the year
Operating margin
Organic growth |
Full Year 2005
46,440
2,650
948
5.7%
3% |
Full Year 2004
40,355
2,260
837
5.6%
1.5% |
Change
+15%
+17%
+13%
|
* Except percentages
- Revenue increased by 15%
- Organic growth was slightly above 3% - up from 1.5%
in 2004
- Operating margin was 5.7% - up from 5.6% in 2004
- Adjusted for acquisitions carried out after the
take-over of ISS, the revenue and operating profit before other items are in
line with the outlook for 2005 released in the Q1 report on 26 April 2005
- Net profit was up 13% impacted by costs associated
with the take-over of ISS in May 2005 and increased interest costs following
the payment of dividend to shareholders amounting to DKK 7.2 billion
- ISS made 102 acquisitions (65 of which were made
after the take-over of ISS in May 2005)
- At year-end ISS had 310,800 employees – an addition
of 37,300 compared to last year
- ISS entered into new geographies such asIndia,
Turkey, Russia, New Zealand, and Estonia and expanded its presence in China
- On 14 April 2005, ISS launched and started implementing a new strategy
plan, Route 101. The new strategy plan aims at continuing the transformation
of ISS into a Facility Services provider. The target is to reach annual
revenues of DKK 101 billion. The strategy also aims at expanding ISS’
geographical footprint to 55-60 countries covering more than 90% of world
GDP.
The ISS A/S Annual Report 2005 can be downloaded
here.
Forward-looking
statements
This press
release and the ISS A/S Annual Report 2005 may contain forward-looking
statements. Statements herein, other than statements of historical fact,
regarding future events or prospects, are forward-looking statements. The words
''may'', "will", "should", ''expect'', ''anticipate'', ''believe'',
''estimate'', ''plan'', "predict," ''intend'', ''should'' or variations of these
words, as well as other statements regarding matters that are not historical
fact or regarding future events or prospects, constitute forward-looking
statements. ISS has based these forward-looking statements on its current views
with respect to future events and financial performance. These views involve a
number of risks and uncertainties, which could cause actual results to differ
materially from those predicted in the forward-looking statements and from the
past performance of ISS. Although ISS believes that the estimates and
projections reflected in the forward-looking statements are reasonable, they may
prove materially incorrect, and actual results may materially differ as a result
of the matters described in the Risk Factors beginning on page 32 of the ISS A/S
Annual Report 2005, including: changes in demand for the services offered by
ISS, risks related to ISS's growth strategy, risks related to the Group's
substantial indebtedness, ISS's ability to operate profitably, ISS's exposure to
currency-related risks; complexities related to compliance with regulatory
requirements of many jurisdictions; ISS's dependence on its management team and
qualified personnel; ISS's potential liability for acts of its employees; the
threat, institution or adverse determination of claims against ISS; potential
environmental liabilities; and changes in laws and regulations. As a result, you
should not rely on these forward-looking statements. ISS undertakes no
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except to the extent
required by law.