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February 10, 2016 4:25 PM ET

Commercial Services and Supplies

Company Overview of ISS World Services A/S

Company Overview

ISS World Services A/S is a facility services company. Its services include facility management, cleaning, catering, security, property, and support. The company serves public and private sector customers in banking, business, and IT industries, as well as food, beverages, and pharmaceuticals manufacturing segments. ISS World Services A/S was formerly known as ISS A/S and changed its name to ISS World Services A/S in February 2011. The company was founded in 1901 and is based in Søborg, Denmark with presence in Europe, Asia, South America, North America, and Australia. ISS World Services A/S operates as a subsidiary of ISS A/S.

Buddingevej 197

Søborg,  2860

Denmark

Founded in 1901

438,100 Employees

Phone:

45 38 17 00 00

Fax:

45 38 17 00 11

Key Executives for ISS World Services A/S

Chief Executive Officer and Member of Executive Management Board
Age: 53
Group Chief Operating Officer
Age: 48
Senior Vice President and Regional Chief Executive Officer of Central Europe
Age: 48
Senior Vice President and Regional Chief Executive Office of Apac
Age: 44
Senior Vice President and Regional Chief Executive Officer of Northern Europe
Age: 52
Compensation as of Fiscal Year 2015.

ISS World Services A/S Key Developments

ISS A/S Announces Executive Changes

ISS A/S announced the new Country Manager of its business in Denmark. Flemming Bendt currently holds the position of Regional CEO of ISS in Eastern Europe, and he will take over at the helm of ISS Denmark when the current Country Manager, Martin Gaarn Thomsen, becomes Group COO of the ISS Group on February 1, 2016. Flemming Bendt has been Regional CEO Eastern Europe since early 2013. Prior to that, he has worked as Country Manager of ISS Australia and CFO of ISS Belgium.

ISS Group Appoints Andy Harris as New Head of Group Business Development

ISS Group announced the appointment of Andy Harris as new Head of Group Business Development. The appointment will further strengthen the Group Commercial team at ISS, which is led by Group Chief Commercial Officer Andrew Price. Andy has extensive experience within the outsourcing industry and has held senior operations, sales, general management, and leadership roles. Most recently, Andy was Managing Director of Restaurant Associates, the 'fine dining' arm of Compass Group plc’s UK business. Andy will join the Group on November 1, 2015 at a time when the industry is seeing an even greater momentum towards buying Integrated Facility Solutions with more and more organizations using scale to leverage cost and quality.

ISS World Services A/S Announces Earning Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for 2015

ISS World Services AS announced earnings results for the second quarter and six months ended June 30, 2015. For the second quarter, the company reported increased organic revenue growth for the second quarter was 4.8%. For the six months, the company reported increased organic revenue growth of 4.0%. Improved operating margin for the six months ended was 4.9%. Profit before goodwill impairment and amortization/impairment of brands and customer contracts for the six months ended increased to DKK 1,027 million compared to DKK 559 million for the same period prior year. Net profit for the six months ended increased to DKK 776 million compared to DKK 345 million for the same period prior year. The company’s outlook for organic revenue growth in 2015 is changed to 3.5%-4.5% from the previous outlook of 2%-4%. The company expects operating margin to be above 5.6%.

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