ISS A/S : Q3 2020 broadly in line, visibility still limited ahead of the December strategic update
>Q3 2020 trading update broadly in line - ISS yesterday issued a Q3 2020 trading update which was broadly in line with our forecasts. Sales of DKK 17,149m (-13.5% reported) is 1% shy of the consensus (DKK 17,399m). Organic growth was down 8.7% in Q3, slightly better than expectations at -9.5%, hit by the continued restrictions and the recent deterioration in the health situation despite robust demand for non-portfolio services (i.e. not initially foreseen in the cont...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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