Company Announcement
Copenhagen, 12 August 2025
No. 47/2025
Interim report for 1 January – 30 June 2025
Continued robust financial development. Second tranche of the share buyback programme increased by DKK 500 million to DKK 1,750 million
Highlights
Financial performance
- Organic growth was 3.8% in Q2 2025 (Q2 2024: 5.8%), and 4.1% in H1 2025 (H1 2024: 5.9%), mainly driven by price increases and projects and above-base work, partially offset by net negative contract wins as previously communicated.
- Operating margin before other items (excl. IAS 29) improved to 4.2% in H1 2025 from 4.0% in H1 2024 as a result of continued operational improvements across the Group.
- Free cash flow improved to DKK (0.5) billion in H1 2025 (H1 2024: DKK (1.1) billion) mainly due to increased operating profit and improved changes in working capital.
Business update
- ISS secured six new large key account contracts, each with annual revenue above DKK 100 million, alongside several smaller and mid-sized local IFS contracts. In addition, a number of existing contracts were extended, several with significant scope expansions of above DKK 100 million.
- Strategy execution developed according to plan, where especially commercial model, workforce management and finance shared service centre gained momentum.
- The final oral …