Report
Johanna Jourdain ...
  • Matthias Desmarais

ISS A/S : Despite a better-than-expected Q1, operating challenges remain in the short/medium term

>Q1 2021 underpinned by non-portfolio demand, rapid progress in the disposal plan - ISS published yesterday before the market open Q1 2021 sales that beat estimates, with an organic decline of 5.6% which resulted in a sequential improvement vs H2 2020 (around -10%). This ramp-up was driven mainly by non-portfolio projects (i.e. additional services that were not initially in the contract, +21% in Q1 2021 on an organic basis), notably cleaning and disinfection. Non-por...
Underlying
ISS A/S

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Johanna Jourdain

Matthias Desmarais

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