ISS off to a good start in 2022

Organic growth has been 5.4% in Q1 2022 (Q1 2021: (5.6)%), powered by return-to-office developments in large markets, cost increases and continued stable demand for tasks and above-base work. As a complete result of this, the outlook for natural growth has been improved to ‘Above 4%’ (earlier ‘Above 2%’).

Income in Q1 2022 had been 3% above pre-Covid-19 levels in Q1 2019 (excluding M&The and FX results). ISS has documented that income from both washing and technical solutions were above pre-Covid-19 amounts indicating continued structural requirement and development of ISS’ core services lines.

The Group in addition has mentioned that its turnaround initiatives associated with underperforming contracts and nations has progressed in accordance with plan. The UK has already reached its turnaround focus on nine months of strategy ahead, and the turnaround concentrate is on the recovery of the rest of the underperforming areas now; the Deutsche Telekom France and contract.

Execution of the ISS’ strategic divestment program is usually nearing completion. Divestments of Taiwan, Russia and two smaller sized sections have been finished. The remaining companies in scope for the program include two countries, Portugal and brunei, and something smaller business unit. Overall accumulated net proceeds total around DKK 1 now.9 billion and 95 % of the full total targeted proceeds have already been achieved.

Jacob Aarup-Andersen Team CEO, ISS A/S, commented: ”The initial quarter was an excellent start to the entire year and the growth is really a testimony to the carried on growing demand for the services. Our clients are time for the working workplaces and continue steadily to demand more project-based providers than before Covid-19.

“Revenue from our service outlines – except Food Services – are actually above pre-Covid-19 ranges and our collaboration with huge global clients continues to emphasise elevated investments in workplaces, evidenced by our own ISS Pulse research also. I would like to thank our a lot more than 350,000 employees for delivering superb service to our clients in a continuing demanding atmosphere.”

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