Copenhagen, 8 May 2019
TRADING UPDATE FOR THE PERIOD 1 JANUARY – 31 MARCH 2019
ISS (ISS.CO, ISS DC, ISSDY), a leading global provider of facility services, announces its trading update for the first three months of 2019.
- Revenue increased by 4.9% in Q1 (Q4 2018: 0.5%), mainly driven by organic growth, and a marginally positive currency effect, partly offset by negative net impact from acquisitions and divestments of 1.8%.
- Organic revenue growth of 6.1% in Q1 2019 (Q4 2018: 4.1%) driven by continued strong commercial momentum with key account contract wins and expansions as well as continued solid non-portfolio demand.
- Revenue from key accounts increased organically by 8.7% in Q1 2019 and represents 60% of Group revenue (2018: 59%).
- The 2019 outlook for organic revenue growth, operating margin and free cash flow remains unchanged.
Jeff Gravenhorst, Group CEO, ISS A/S, said:
“We had a strong commercial start to the year. Our focus on key accounts continues to bear fruit. We signed a significant new contract with the Danish Building and Property Agency in Denmark. In addition, we successfully extended and expanded large key account contracts such as Santander in the UK, Singapore General Hospital and an international Food and Beverage customer. The divestments of our remaining non-core assets are progressing well. We will gradually reinvest divestment proceeds in strengthening our delivery capabilities and platform. With this, ISS will continue to grow stronger".
Lord Allen of Kensington Kt CBE Jeff Gravenhorst
Chairman Group CEO
Conference call details
A conference call will be held on 8 May 2019 at 9:00 CEST.
Presentation material will be available online prior to the conference call.
Denmark: +45 35445583
UK: +44 2031940544
USA: +1 8552692604
For investor enquiries
Martin Kjær Hansen, Head of Group Investor Relations, +45 3817 6431
Louisa Baruch Larsson, Senior Investor Relations Manager, +45 3817 6338
For media enquiries
Rajiv Arvind, Senior Communications Manager, +45 38 17 62 11
ISS helps the world work better. In partnership with customers, ISS drives the engagement and well-being of people, minimises the impact on the environment, and protects and maintains property. ISS brings all of this to life through a unique combination of data, insight and service excellence at offices, factories, airports, hospitals and other locations across the globe. In 2018, ISS Group’s global revenue amounted to DKK 73.6 billion. ISS has operations in more than 70 countries with 485,908 employees spread across Europe, Asia-Pacific and the Americas. For more information on the ISS Group, visit www.issworld.com
ISS A/S, ISIN DK0060542181, ISIN US4651472056
ISS Global A/S, ISIN XS1145526585, ISIN XS1330300341, ISIN XS1145526825, ISIN XS1673102734