Jacob Aarup-Andersen Group, CEO, ISS A/S, says:
"2021 was an exciting year as the OneISS strategy came to life and progressed according to plan. Several key milestones were achieved with the divestment programme nearing completion, and we made solid operational and financial progress. Furthermore, we took significant steps in fulfilling our strategic ambitions with a sharper focus on key segments, investments in technology and a more aligned operating model. Despite another year in light of the pandemic, our many placemakers played a vital role in making the world work better – meeting our customers’ demands for dedicated services and improved solutions. ISS is well positioned for a Covid-19 recovery and to become an even stronger business in the future - to the benefit of all our stakeholders.”
Liz Benison, CEO, ISS UK and Ireland, commented:
"ISS’ 2021 results demonstrate solid progress, achieved thanks to the dedication of our leaders and placemakers. Following a challenging 2020, we focused on post-pandemic recovery, enhancing our services and exploring new opportunities to support our customers, culminating in an exciting year.
In the UK, through the OneISS strategy, we strengthened our leadership team, simplified our operations and brought our people and customers closer together. Subsequently, we were able to make substantial advancements and deliver promising results. Our revitalised Country Leadership Team has ambitious goals for 2022. Together, we look forward to building on the key milestones achieved last year, continuing our OneISS journey into a very bright future."
| Financial overview |
H2 2021 |
H2 2020 |
2021 |
2020 |
Q4 2021 |
Q3 2021 |
| DKKm (unless otherwise stated) |
|
|
| Revenue |
36,470 |
34,786 |
71,363 |
70,752 |
18,747 |
17,723 |
| Organic growth, % |
4.3 |
(10.0) |
2.0 |
(6.6) |
5.8 |
2.8 |
| Operating profit before other items |
1,227 |
(2,462) |
1,776 |
(3,203) |
|
|
| Operating margin (before other items), % |
3.4 |
(7.1) |
2.5 |
(4.5) |
|
|
| Free cash flow |
90 |
(64) |
1,735 |
(1,794) |
|
|
| Leverage (Net debt / Pro forma adj. EBITDA*) |
|
|
3.8x |
7.1x |
|
|
| |
|
|
|
|
|
|
| *Pro forma adjusted EBITDA excl. Restructuring costs and one-offs |
|
|
|
|
|
|
