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.