Earnings Release • Mar 2, 2016
Earnings Release
Open in ViewerOpens in native device viewer
ISS (ISS.CO, ISS DC), a leading global provider of facility services, announces its financial results for fourth quarter and full year 2015:
"2015 was another year of significant progress for ISS, thanks to our numerous strategic initiatives, the high quality of our services and operations, and the dedicated work of our 504,816 colleagues. Our performance over the year, as well as in Q4, was underpinned both by strong growth in Integrated Facility Services as well as by margin improvements across several regions. The refinancing of our debt at fixed rates combined with a high cash conversion allowed us to significantly strengthen our financial flexibility, whilst also enabling us to pay attractive dividends to our shareholders. A number of notable recent contract wins with major customers such as Novartis, Rolls-Royce, PostNord and Norwegian Armed Forces, mean that we have a strong pipeline for future growth. We
___________________________________________________________________________________________
expect market conditions in 2016 to remain challenging, but are also confident that the accelerated implementation of our strategic initiatives will allow us to deliver robust growth and continued margin improvements."
We expect an organic revenue growth rate of 2-4%, an operating margin above the 5.7% achieved in 2015, and cash conversion above 90%.
Lord Allen of Kensington Kt CBE Jeff Gravenhorst Chairman Group CEO
A conference call will be held on 2 March 2016 at 10:00 CET.
Presentation material will be available online prior to the conference call.
Dial-in details: Denmark: +45 35 44 55 79 UK: +44 203 364 53 73 USA: +1 855 753 22 37
Link: http://edge.media-server.com/m/p/sr9fm6hm
Nicholas Ward, Head of Group Investor Relations, +45 38 17 62 51
Martin Kjær Hansen, Senior Investor Relations Manager, +45 38 17 64 31
Manuel Vigilius, Global Media Relations Manager, +45 38 17 64 04
The ISS Group was founded in Copenhagen in 1901 and has grown to become one of the world's leading Facility Services companies. ISS offers a wide range of services such as: Cleaning, Catering, Security, property and Support Services as well as Facility Management. Global revenue amounted to DKK 79.6 billion in 2015 and ISS has approximately 505,000 employees and activities in more than 75 countries across Europe, Asia, North America, Latin America and Pacific, serving thousands of both public and private sector customers. For more information on the ISS Group, visit www.issworld.com.
ISS A/S, ISIN DK 0060542181 ISS A/S, CVR 28 50 47 99 Phone: (+45) 38 17 00 00 ISS Global A/S, ISIN XS1145526585 Buddingevej 197 Telefax: (+45) 38 17 00 11 ISS Global A/S, ISIN XS1330300341 DK – 2860 Søborg www.issworld.com ISS Global A/S, ISIN XS1145526825 Denmark
___________________________________________________________________________________________
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.