Transactions in connection with share buyback programme Company Announcement Copenhagen, 18 November 2024 No. 58/2024 Transactions in connection with share buyback programmeISS A/S, a leading workplace experience and facility management company, announced on 22 February 2024 a new share buyback programme, see company announcement no. 4/2024. The share buyback programme is executed in accordance Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, al...
Transactions in connection with share buyback programme Company Announcement Copenhagen, 11 November 2024 No. 57/2024 Transactions in connection with share buyback programmeISS A/S, a leading workplace experience and facility management company, announced on 22 February 2024 a new share buyback programme, see company announcement no. 4/2024. The share buyback programme is executed in accordance Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/...
ISS reported a somewhat uneventful Q3, with a c3% miss versus consensus on the reported top line, mainly on greater-than-expected FX headwinds. Organic growth was a bit soft, but with negative and positive surprises in the form of weaker underlying portfolio volumes but better-than-feared above-base volumes. We reiterate our BUY and DKK171 target price.
European equity markets weakened in October following multiple disappointments across the earnings season. The impending US election, the outcome of which is highly uncertain according to the polls, may also have prompted some traders to adopt a cautious stance. Sovereign long rates rose sharply, particularly in the US, on the back of macro indicators likely to provide arguments to the most hawkish of central bankers. All eyes are now on the November 5 elections and their repercussion...
Les marchés actions européens ont fléchi en octobre après les nombreuses déceptions sur la saison des résultats. L’approche de l’élection US, très incertaine selon les sondages, pourrait également avoir poussé à la prudence certains opérateurs. Les taux longs souverains ont nettement remonté, en particulier aux Etats-Unis, sur la base d’indicateurs macro susceptibles de donner des arguments aux plus faucons des banquiers centraux. Tous les yeux sont désormais rivés sur le scrutin du 5...
>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...
>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 increases share buyback programme by additional DKK 250 million to a total of DKK 1,500 billion Company Announcement Copenhagen, 5 November 2024 No. 56/2024 ISS increases share buyback programme by additional DKK 250 million to a total of DKK 1,500 billion ISS A/S, a leading workplace experience and facility management company, today in connection with Company Announcement no. 55/2024 announces that the Board of Directors has decided to increase the current share buyback programme by DKK 250 million. Under the programme, ISS will therefore buy back own shares ...
Robust first nine months with continued business improvements. The share buyback programme increased by additional DKK 250 million to a total value of DKK 1,500 million Company Announcement Copenhagen, 5 November 2024 No. 55/2024 Trading update for 1 January – 30 September 2024Robust first nine months with continued business improvements. The share buyback programme increased by additional DKK 250 million to a total value of DKK 1,500 millionHighlights Financial update Organic growth was 4.8% in Q3 2024 (Q3 2023: 9.3%) and 5.5% for the first nine months...
Transactions in connection with share buyback programme Company Announcement Copenhagen, 4 November 2024 No. 54/2024 Transactions in connection with share buyback programmeISS A/S, a leading workplace experience and facility management company, announced on 22 February 2024 a new share buyback programme, see company announcement no. 4/2024. The share buyback programme is executed in accordance Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1...
Transactions in connection with share buyback programme Company Announcement Copenhagen, 28 October 2024 No. 53/2024 Transactions in connection with share buyback programmeISS A/S, a leading workplace experience and facility management company, announced on 22 February 2024 a new share buyback programme, see company announcement no. 4/2024. The share buyback programme is executed in accordance Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1...
Transactions in connection with share buyback programme Company Announcement Copenhagen, 21 October 2024 No. 52/2024 Transactions in connection with share buyback programmeISS A/S, a leading workplace experience and facility management company, announced on 22 February 2024 a new share buyback programme, see company announcement no. 4/2024. The share buyback programme is executed in accordance Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1...
Transactions in connection with share buyback programme Company Announcement Copenhagen, 14 October 2024 No. 51/2024 Transactions in connection with share buyback programmeISS A/S, a leading workplace experience and facility management company, announced on 22 February 2024 a new share buyback programme, see company announcement no. 4/2024. The share buyback programme is executed in accordance Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1...
We expect solid organic growth again in Q3 on continued pricing momentum, but a prolonged drag from new contracts and above-base volumes. Due to the lack of visibility on the latter for Q4, we believe ISS is likely to maintain the 2024 guidance, but estimate buybacks to be increased by DKK250m. We reiterate our BUY and DKK171 target price.
Transactions in connection with share buyback programme Company Announcement Copenhagen, 7 October 2024 No. 50/2024 Transactions in connection with share buyback programmeISS A/S, a leading workplace experience and facility management company, announced on 22 February 2024 a new share buyback programme, see company announcement no. 4/2024. The share buyback programme is executed in accordance Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/10...
Transactions in connection with share buyback programme Company Announcement Copenhagen, 30 September 2024 No. 49/2024 Transactions in connection with share buyback programmeISS A/S, a leading workplace experience and facility management company, announced on 22 February 2024 a new share buyback programme, see company announcement no. 4/2024. The share buyback programme is executed in accordance Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016...
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