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29-08-2006


Copenhagen
, 29 August 2006 – Today, ISS released the financial figures for H1 2006 for ISS A/S.  

Performance highlights are shown below:  

Amounts in DKK million*

Revenue

Operating profit
before other items

Operating margin  

Net profit

Organic growth

H1 2006

26,443


1,403

5.3%

430

4.3%

H1 2005

22,522


1,176

 5.2%

476

3.3%

Change

+17%


+19%

* Except percentages 

·          Revenue increased 17%

·          Operating profit before other items was up 19%

·          Operating margin increased by 0.1%-point to 5.3%

·          Organic turnover growth increased by 1.0%-point

·          Net profit decreased due to an increase of interest expense of DKK 300 million primarily as a result of the change in capital structure that followed the privatisation of ISS.

·          During the first half-year 2006 ISS made 64 acquisitions including San Rafael S.A. and Tap New S.A. in Mexico - the 46th country added to the list of countries with ISS operations. Since H1, ISS has furthermore begun operations in the Philippines, which is the 47th ISS country.    

                                          

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’’, ‘‘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.



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