Update of outlook for 2023
01 Noviembre 2023 - 11:02AM
Update of outlook for 2023
Company Announcement
Copenhagen, 1 November 2023 No. 26/2023
Update of outlook for 2023
ISS A/S, a leading workplace experience and
facility management company, has today, on the back of the
performance in the first nine months and expectations for the rest
of the year updated its outlook for 2023 for all three financial
KPIs. The outlook is excluding any effects of hyperinflation (IAS
29).
- Organic growth is now expected to be around 9% compared to
previously ‘7 – 9%’.
- Operating margin remains within the previous range (‘4.25% -
4.75%') with underlying margin expected to be around 4.6%.
Including one-off costs related to a review of OneISS initiatives,
operating margin is expected to be reported at around 4.3%.
- Given the high growth, free cash flow is now expected to be
around DKK 1.8 billion (previously around DKK 2.0 billion).
ISS publishes its Trading update for 1 January –
30 September 2023 on 1 November 2023.
For investor enquiries Jacob Johansen, Head of
Group Investor Relations, +45 21 69 35 91 Kristian Tankred, Senior
Investor Relations Manager, +45 30 67 35 25
For media enquiries Kenni Leth, Director of
External Communications, +45 51 71 43 68
About ISS
ISS is a leading, global provider of workplace and facility
service solutions. 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. ISS has more than 350,000
employees around the globe, who we call “placemakers”. In 2022,
Group revenue was DKK 73.8 billion. For more information on the ISS
Group, visit www.issworld.com.
ISS A/S, ISIN DK0060542181, ISIN US4651472056, ISS
Global A/S, ISIN XS2013618421, ISIN
XS1145526825, ISIN XS1673102734, ISS Finance B.V.,
ISIN XS2199343513
- ISS Announcement - Outlook
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