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27-11-2006

Copenhagen, 27 November 2006 - Today, ISS A/S released the financial figures for the nine-month-period ended 30 September 2006 for ISS A/S.

Performance highlights are shown below:

Amounts in DKK million*

Revenue

Operating profit
before other items

Net profit

Operating margin
before other items

Organic growth

Jan - Sep 2006

40,655


2,341

736


5.8%

5%

Jan - Sep 2005

34,157


1,944

836


5.7%

3.2%

Change

+19%


+20%

 

 

* Except percentages

  • Revenue increased by 19% compared to Jan - Sep 2005
  • Operating profit before other items increased by 20% compared to Jan - Sep 2005
  • Organic growth went up to 5% - from 3.2% in Jan - Sep 2005
  • Operating margin was 5.8% - up from 5.7% in Jan - Sep 2005
  • Net profit decreased due to an increase of interest expenses of DKK 489 million primarily as a result of the change in capital structure that followed the privatisation of ISS.
  • From Jan - Sep 2006, ISS made 88 acquisitions worldwide including the large acquisitions of Tempo Services in Australia and Edelweiss Facility Management in Switzerland. Since 30 September 2006, ISS has furthermore made a large acquisition of DEBEOS in Germany.

In a comment to the results for the first 9 months of 2006, ISS Group CEO, Jørgen Lindegaard, said: "I am very pleased with the results for the first three quarters. Our revenue is growing, and our operating profit before other items is growing even more. Furthermore, the organic growth, which is an important priority for ISS, has increased noticeably."


Further information:

CFO Jeff Gravenhorst, ISS Management A/S
Tel: + 45 38 17 00 00



Forward-looking statements
This press release 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'' 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.



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