ISS A/S : Q3 below consensus but additional share buybacks announced, unchanged FY 2024 outlook
>Q3 2024 trading update below expectations, increase of share buybacks - ISS reported Q3 2024 sales at DKK 20,269m (+1.5% reported), i.e. 3% below consensus expectations (DKK 20,869m). Organic growth came out at 4.8%, below the consensus at 5.1%. This was supported by price (+5.5% including half of it coming from hyperinflation in Turkey) and above base work (+0.5%) while volumes remained flat. Net new wins were down -1%. Regarding the Deutsche Telekom contract, the a...ISS is a Facility Services company based in Denmark. Co.'s focus of operations is on providing its customers a full range of facility services required to meet each customers needs. Co. offers a wide range of services such as: Facility Management, Cleaning Services, Support Services, Property Services, Catering Services and Security Services. Co. maintains operations in more than 50 countries across Europe, Asia, North America, Latin America and Pacific, serving public and private sector customers in business services and information technology, manufacturing, healthcare, retail, transportation and infrastructure, energy, leisure, food and beverage, pharmaceutical, and other sectors.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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