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29-06-2006

Copenhagen, 29 June 2006 – Today, ISS released the financial figures for Q1 2006 for ISS A/S.

Performance highlights are shown below:

Amounts in DKK million* Q1 2006 Q1 2005 Change

Revenue

Operating profit
before other items

Net profit

Operating margin

Organic growth

12,555


577

134

4.6%

4.6%

10,845


488

305

4.5%

2.1%

+16%


+18%


* Except percentages
  • Revenue increased 16%
  • Organic growth doubled to more than 4%
  • Operating margin increased by 0.1%-point to 4.6%
  • Operating profit before other items was up 18%
  • Compared to last year net profit was impacted by:
    • Higher interest expenses primarily due to an increase in net debt
    • The income in 2005 from the sale of Health Care, which positively impacted Q1 last year with DKK 123m
  • In Q1 2006, ISS made 39 acquisitions including Pegasus in the UK and the remaining 51% of the shares in Tempo Services, Australia.

 

 

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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