ISS A/S reported strong financial performance and operational improvements in the first nine months of 2024.

From GlobeNewswire: 2024-11-05 01:30:00

ISS A/S provided a trading update for the first nine months of 2024, showing a 4.8% organic growth in Q3 and 5.5% for the year. The company increased its share buyback program by DKK 250 million to a total of DKK 1,500 million. ISS also extended key contracts and completed an acquisition in Spain.

The financial performance of ISS A/S in the first nine months of 2024 met expectations, with organic growth, operating margin, and free cash flow all showing positive development. The company was awarded a 7-year contract with the UK Department of Work and Pensions and completed an acquisition in Spain. The share buyback program was increased by DKK 250 million.

ISS A/S CEO, Kasper Fangel, expressed satisfaction with the sustained organic growth and operational improvements in the third quarter. The company secured contract extensions and made efforts to leverage market opportunities. The outlook for 2024 remains unchanged, with organic growth projected at 5-6% and operating margin above 5%.

ISS A/S is a global provider of workplace and facility service solutions, driving engagement, well-being, and sustainability. With over 350,000 employees worldwide, the company focuses on data, insight, and service excellence to create positive environments. ISS’s revenue in 2023 was DKK 78.7 billion.



Read more at GlobeNewswire:: Robust first nine months with continued business