UPGRADE OF FINANCIAL OUTLOOK DRIVEN BY FUNDAMENTAL BUSINESS IMPROVEMENTS
Jacob Aarup-Andersen Group CEO, ISS A/S, says:
“In the third quarter, we continued our work to create a healthier and fundamentally stronger ISS. I am very pleased with our ability to execute on our OneISS strategy while simultaneously navigating a challenging environment with volatile activity levels as well as high wage inflation and scarcity of qualified employees in certain regions.
We are seeing customers gradually returning to the office, albeit at varying pace across geographies. We expect a continued measured pace of return in the coming period as infection levels remain high in many countries creating a sense of caution.
Our turnaround initiatives are clearly paying off and the success of our execution allows us to upgrade our outlook on operating margin and free cash flow. Progress on these two financial metrics is key to create a healthy foundation and reach our turnaround targets for 2022. I want to thank all employees for achieving this important milestone and for staying agile and passionate in their support to our customers.”
|Revenue overview||Q3 2021||Q3 2020||YTD 2021||YTD 2020|
|DKKm (unless otherwise stated)|
|Acquisitions & Divestments||(0.2)%||(2.3)%||(0.4)%||(1.9)%|
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