Cash flow ISS A/S

Stocks

ISS

DK0060542181

Business Support Services

Market Closed - Nasdaq Copenhagen Other stock markets 16:20:00 12/06/2026 BST			5-day change	1st Jan Change
264.00 ^DKK	+0.61%		+4.60%	+21.55%

06-09	ISS loses UK healthcare contract - set to expire in Q3	FW
06-09	ISS secures facility management contract with Upplands-Bro municipality	FW

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Published financial data: ISS A/S

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	71.36B	76.54B	78.68B	83.76B	84.68B
Total Revenues	71.36B	76.54B	78.68B	83.76B	84.68B
Cost of Goods Sold, Total	5.02B	6.6B	7.48B	7.52B	7.17B
Gross Profit	66.34B	69.94B	71.2B	76.24B	77.51B
Selling General & Admin Expenses, Total	46.82B	48.47B	49.65B	52.86B	53.97B
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	1.76B	1.52B	1.42B	1.47B	1.56B
Amortization of Goodwill and Intangible Assets - (IS)	64M	69M	69M	91M	96M
Other Operating Expenses	16.5B	17.26B	16.94B	17.88B	17.98B
Other Operating Expenses, Total	65.14B	67.32B	68.07B	72.3B	73.59B
Operating Income	1.2B	2.62B	3.13B	3.94B	3.92B
Interest Expense, Total	-457M	-405M	-577M	-742M	-740M
Interest And Investment Income	41M	69M	98M	216M	181M
Net Interest Expenses	-416M	-336M	-479M	-526M	-559M
Currency Exchange Gains (Loss)	-51M	-49M	-100M	-23M	-26M
Other Non Operating Income (Expenses)	-82M	-125M	-91M	-94M	-74M
EBT, Excl. Unusual Items	653M	2.12B	2.46B	3.3B	3.26B
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-77M	-11M	-16M	-32M	-39M
Impairment of Goodwill	-450M	-	-	-	-
Gain (Loss) On Sale Of Assets	570M	82M	-18M	-55M	-10M
Asset Writedown	-	-	-	-	-
Other Unusual Items	349M	260M	105M	86M	77M
EBT, Incl. Unusual Items	1.04B	2.45B	2.53B	3.3B	3.29B
Income Tax Expense	509M	441M	554M	658M	676M
Earnings From Continuing Operations	536M	2B	1.98B	2.64B	2.61B
Earnings Of Discontinued Operations	101M	131M	-1.65B	-52M	-
Net Income to Company	637M	2.14B	325M	2.59B	2.61B
Minority Interest	-22M	-78M	-46M	-8M	-10M
Net Income - (IS)	615M	2.06B	279M	2.58B	2.6B
Net Income to Common Incl Extra Items	615M	2.06B	279M	2.58B	2.6B
Net Income to Common Excl. Extra Items	514M	1.93B	1.93B	2.63B	2.6B
Per Share Items
Net EPS - Basic	3.33	11.14	1.51	14.26	15.56
Basic EPS - Continuing Operations	2.78	10.43	10.42	14.55	15.56
Basic Weighted Average Shares Outstanding	185M	185M	185M	181M	167M
Net EPS - Diluted	3.33	11	1.51	14.12	15.4
Diluted EPS - Continuing Operations	2.78	10.3	10.3	14.4	15.4
Diluted Weighted Average Shares Outstanding	186M	187M	188M	183M	169M
Normalized Basic EPS	2.09	6.73	8.05	11.35	12.12
Normalized Diluted EPS	2.08	6.64	7.94	11.2	12.01
Dividend Per Share	-	2.1	2.3	3.1	3.2
Payout Ratio	-	-	139.78	16.47	20.51
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	1.82B	3.12B	3.54B	4.36B	4.36B
EBITA	1.27B	2.69B	3.19B	4.03B	4.02B
EBIT	1.2B	2.62B	3.13B	3.94B	3.92B
EBITDAR	2.08B	3.42B	3.73B	4.6B	4.57B
Effective Tax Rate - (Ratio)	48.71	18.03	21.89	19.95	20.55
Total Current Taxes	486M	538M	487M	658M	667M
Total Deferred Taxes	46M	-89M	66M	59M	64M
Normalized Net Income	386M	1.24B	1.49B	2.05B	2.03B
Interest on Long-Term Debt	159M	82M	150M	177M	181M
Non-Cash Pension Expense	49M	28M	42M	31M	83M
Supplemental Operating Expense Items
Net Rental Expense, Total	269M	302M	194M	232M	211M
Imputed Operating Lease Interest Expense	55.21M	57.74M	53.43M	78.56M	74.76M
Imputed Operating Lease Depreciation	214M	244M	141M	153M	136M
Stock-Based Comp., Other (Total)	62M	80M	72M	93M	93M
Total Stock-Based Compensation	62M	80M	72M	93M	93M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.43B	5.21B	6.09B	6.83B	1.73B
Short Term Investments	103M	104M	117M	140M	135M
Total Cash And Short Term Investments	3.53B	5.32B	6.21B	6.97B	1.86B
Accounts Receivable, Total	10.41B	11B	11.35B	12.45B	12.87B
Other Receivables	1.06B	1.18B	1.09B	1.12B	1B
Total Receivables	11.47B	12.17B	12.45B	13.57B	13.88B
Inventory	177M	231M	239M	251M	245M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	1.12B	620M	1.24B	584M	598M
Total Current Assets	16.29B	18.34B	20.14B	21.37B	16.58B
Gross Property Plant And Equipment	7.92B	8.05B	7.85B	8.42B	8.56B
Accumulated Depreciation	-4.54B	-4.73B	-4.72B	-5B	-5.21B
Net Property Plant And Equipment	3.38B	3.32B	3.13B	3.42B	3.35B
Long-term Investments	-	-	-	-	-
Goodwill	19.75B	20.45B	19.7B	20.5B	20.37B
Other Intangibles, Total	2.99B	3.47B	3.58B	3.86B	3.84B
Deferred Tax Assets Long-Term	790M	912M	962M	885M	822M
Other Long-Term Assets, Total	457M	512M	195M	605M	638M
Total Assets	43.66B	47B	47.69B	50.64B	45.6B
Liabilities
Accounts Payable, Total	5.66B	6.95B	7.26B	7.39B	6.96B
Accrued Expenses, Total	4.94B	5.7B	5.29B	5.74B	5.88B
Short-term Borrowings	-	-	-	-	408M
Current Portion of Long-Term Debt	102M	198M	2.26B	3.82B	3.93B
Current Portion of Leases	786M	765M	1.03B	939M	981M
Current Income Taxes Payable	174M	172M	155M	420M	429M
Unearned Revenue Current, Total	868M	805M	989M	1.11B	1.18B
Other Current Liabilities	4.16B	2.82B	3.92B	2.88B	2.98B
Total Current Liabilities	16.69B	17.42B	20.9B	22.3B	22.74B
Long-Term Debt	14.34B	14.25B	12.12B	12.06B	8.44B
Long-Term Leases	1.75B	1.7B	1.31B	1.52B	1.33B
Pension & Other Post Retirement Benefits	1.35B	1.18B	1.14B	1.32B	1.1B
Deferred Tax Liability Non Current	976M	1.18B	1.32B	1.16B	1.14B
Other Non Current Liabilities	755M	465M	387M	372M	311M
Total Liabilities	35.87B	36.19B	37.17B	38.73B	35.06B
Common Stock, Total	185M	185M	185M	185M	174M
Retained Earnings	9.04B	11.31B	11.05B	13.13B	13.67B
Treasury Stock	-191M	-185M	-66M	-1.2B	-2.37B
Comprehensive Income and Other	-1.45B	-1.15B	-1.28B	-971M	-1.7B
Total Common Equity	7.58B	10.16B	9.89B	11.14B	9.78B
Minority Interest	206M	659M	629M	770M	764M
Total Equity	7.79B	10.82B	10.52B	11.91B	10.54B
Total Liabilities And Equity	43.66B	47B	47.69B	50.64B	45.6B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	185M	185M	185M	176M	161M
ECS Total Common Shares Outstanding	185M	185M	185M	176M	161M
Book Value / Share	41.06	54.98	53.38	63.17	60.56
Tangible Book Value	-15.16B	-13.76B	-13.38B	-13.22B	-14.43B
Tangible Book Value Per Share	-82.06	-74.51	-72.19	-74.92	-89.4
Total Debt	16.98B	16.91B	16.72B	18.34B	15.08B
Net Debt	13.45B	11.59B	10.51B	11.37B	13.21B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-372M	-710M	-583M	-255M	-799M
Debt Equivalent Oper. Leases	2.15B	2.42B	1.55B	1.86B	1.69B
Minority Interest, Total (Incl. Fin. Div)	206M	659M	629M	770M	764M
Account Code - Inventory Valuation	3	3	3	-	3
Land - (BS)	-	-	-	-	-
Machinery, Total	-	-	-	-	-
Full Time Employees	270K	270K	272K	258K	256K
Part Time Employees	85.11K	80.74K	81.13K	68.56K	70.52K
Accumulated Allowance for Doubtful Accounts (Supple)	162M	124M	127M	154M	144M
Order Backlog	61.04B	63.17B	63.61B	67.24B	67.17B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	615M	2.06B	279M	2.58B	5.21B
Depreciation & Amortization - CF	1.47B	1.31B	1.25B	1.24B	1.29B
Amortization of Goodwill and Intangible Assets - (CF)	64M	69M	60M	91M	96M
Depreciation & Amortization, Total	1.54B	1.38B	1.31B	1.34B	1.39B
Amortization of Deferred Charges, Total - (CF)	289M	207M	211M	224M	264M
Asset Writedown & Restructuring Costs	450M	-	937M	-	-
Stock-Based Compensation (CF)	62M	80M	72M	93M	93M
Net Cash From Discontinued Operations	37M	13M	-154M	-38M	-
Other Operating Activities, Total	-388M	-183M	1.01B	406M	-2.36B
Change In Accounts Receivable	-110M	-882M	-800M	-1.01B	-761M
Change In Inventories	4M	-61M	-24M	-14M	2M
Change In Accounts Payable	1.16B	1.39B	1.02B	533M	224M
Change in Other Net Operating Assets	-435M	-665M	-468M	-380M	-66M
Cash from Operations	3.22B	3.33B	3.39B	3.73B	3.99B
Capital Expenditure	-628M	-809M	-719M	-634M	-667M
Sale of Property, Plant, and Equipment	42M	30M	16M	15M	16M
Cash Acquisitions	-526M	-325M	-373M	-510M	-341M
Divestitures	1.19B	587M	25M	-350M	-90M
Investment in Marketable and Equity Securities, Total	-6M	-29M	9M	-57M	85M
Other Investing Activities, Total	-	-	-	-	-187M
Cash from Investing	73M	-546M	-1.04B	-1.54B	-1.18B
Short Term Debt Issued, Total	-	-	-	-	403M
Long-Term Debt Issued, Total	-	-	-	3.7B	-
Total Debt Issued	-	-	-	3.7B	403M
Long-Term Debt Repaid, Total	-2.52B	-865M	-791M	-3.2B	-4.62B
Total Debt Repaid	-2.52B	-865M	-791M	-3.2B	-4.62B
Repurchase of Common Stock	-	-	-	-1.22B	-2.81B
Common Dividends Paid	-	-	-390M	-425M	-534M
Common & Preferred Stock Dividends Paid	-	-	-390M	-425M	-534M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-308M	-65M	-153M	-259M	-72M
Cash from Financing	-2.83B	-930M	-1.33B	-1.4B	-7.64B
Foreign Exchange Rate Adjustments	224M	-71M	-137M	-50M	-267M
Net Change in Cash	686M	1.79B	879M	736M	-5.1B
Supplemental Items
Cash Interest Paid	473M	486M	578M	671M	705M
Cash Income Tax Paid (Refund)	528M	422M	428M	462M	585M
Levered Free Cash Flow	3.05B	2.64B	2.62B	2.48B	2.63B
Unlevered Free Cash Flow	3.34B	2.89B	2.98B	2.94B	3.09B
Change In Net Working Capital	-1.33B	-391M	-143M	540M	436M
Net Debt Issued / Repaid	-2.52B	-865M	-791M	496M	-4.22B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.72	3.62	4.13	5.01	5.09
Return on Total Capital	3.01	6.25	7.13	8.57	8.77
Return On Equity %	7.48	21.55	18.53	23.54	23.28
Return on Common Equity	7.29	21.73	19.26	25.03	24.89
Margin Analysis
Gross Profit Margin %	92.97	91.38	90.49	91.02	91.53
SG&A Margin	65.61	63.33	63.1	63.1	63.73
EBITDA Margin %	2.54	4.07	4.5	5.21	5.15
EBITA Margin %	1.77	3.52	4.05	4.82	4.74
EBIT Margin %	1.68	3.43	3.98	4.71	4.63
Income From Continuing Operations Margin %	0.75	2.62	2.51	3.15	3.09
Net Income Margin %	0.86	2.69	0.35	3.08	3.07
Net Avail. For Common Margin %	0.72	2.52	2.45	3.14	3.07
Normalized Net Income Margin	0.54	1.63	1.9	2.45	2.39
Levered Free Cash Flow Margin	4.27	3.44	3.32	2.96	3.1
Unlevered Free Cash Flow Margin	4.68	3.77	3.78	3.51	3.65
Asset Turnover
Asset Turnover	1.64	1.69	1.66	1.7	1.76
Fixed Assets Turnover	20.62	22.86	24.41	25.58	25.01
Receivables Turnover (Average Receivables)	7.04	7.15	7.04	7.04	6.69
Inventory Turnover (Average Inventory)	28.52	32.34	31.83	30.69	28.91
Short Term Liquidity
Current Ratio	0.98	1.05	0.96	0.96	0.73
Quick Ratio	0.9	1	0.89	0.92	0.69
Operating Cash Flow to Current Liabilities	0.19	0.19	0.16	0.17	0.18
Days Sales Outstanding (Average Receivables)	51.83	51.03	51.84	52	54.57
Days Outstanding Inventory (Average Inventory)	12.8	11.29	11.47	11.93	12.62
Average Days Payable Outstanding	390.29	345.93	346.31	355.89	365.36
Cash Conversion Cycle (Average Days)	-325.67	-283.62	-283	-291.96	-298.16
Long Term Solvency
Total Debt/Equity	218.03	156.34	158.9	153.96	143.05
Total Debt / Total Capital	68.56	60.99	61.37	60.62	58.86
LT Debt/Equity	206.62	147.43	127.61	114.03	92.62
Long-Term Debt / Total Capital	64.97	57.52	49.29	44.9	38.11
Total Liabilities / Total Assets	82.16	76.99	77.94	76.48	76.89
EBIT / Interest Expense	2.63	6.48	5.42	5.31	5.3
EBITDA / Interest Expense	5.99	9.89	7.7	7.11	7.17
(EBITDA - Capex) / Interest Expense	4.61	7.89	6.45	6.26	6.27
Total Debt / EBITDA	6.2	4.22	3.76	3.47	2.84
Net Debt / EBITDA	4.91	2.89	2.37	2.15	2.49
Total Debt / (EBITDA - Capex)	8.05	5.29	4.49	3.95	3.25
Net Debt / (EBITDA - Capex)	6.38	3.63	2.82	2.45	2.85
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.86	7.25	6.56	6.46	1.1
Gross Profit, 1 Yr. Growth %	2.06	5.42	5.71	6.84	1.67
EBITDA, 1 Yr. Growth %	-145.88	71.68	10.98	22.42	-0.02
EBITA, 1 Yr. Growth %	-127.71	112.8	15.37	25.4	-0.45
EBIT, 1 Yr. Growth %	-125.8	118.39	16.1	25.25	-0.58
Earnings From Cont. Operations, 1 Yr. Growth %	-110.27	274.07	-6.52	33.59	-1.06
Net Income, 1 Yr. Growth %	-111.82	234.63	-86.44	825.09	0.85
Normalized Net Income, 1 Yr. Growth %	-111.87	222.14	15.5	36.72	-1.28
Diluted EPS Before Extra, 1 Yr. Growth %	-109.83	270.11	-5.5	39.81	6.94
Accounts Receivable, 1 Yr. Growth %	5.53	5.67	3.26	9.64	3.4
Inventory, 1 Yr. Growth %	1.14	30.51	3.46	5.02	-2.39
Net Property, Plant and Equip., 1 Yr. Growth %	-4.79	-1.66	-5.84	9.47	-2.13
Total Assets, 1 Yr. Growth %	0.11	7.67	1.46	6.18	-9.95
Tangible Book Value, 1 Yr. Growth %	-5.29	-9.18	-2.8	-1.22	9.2
Common Equity, 1 Yr. Growth %	16.38	33.93	-2.59	12.64	-12.27
Cash From Operations, 1 Yr. Growth %	-992.24	3.48	1.77	9.88	7.03
Capital Expenditures, 1 Yr. Growth %	-11.8	28.82	-11.12	-11.82	5.2
Levered Free Cash Flow, 1 Yr. Growth %	-2.76K	-14.67	-5.84	-5.93	6
Unlevered Free Cash Flow, 1 Yr. Growth %	1.53K	-13.42	-2.13	-1.77	5.02
Dividend Per Share, 1 Yr. Growth %	-	-	9.52	34.78	3.23
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.16	4.01	5	6.51	3.74
Gross Profit, 2 Yr. CAGR %	-2.75	3.73	3.6	6.39	4.22
EBITDA, 2 Yr. CAGR %	-29.73	-11.25	39.6	17	10.63
EBITA, 2 Yr. CAGR %	-37.36	-23.21	58.74	20.79	11.73
EBIT, 2 Yr. CAGR %	-35.53	-24.93	61.37	20.94	11.59
Earnings From Cont. Operations, 2 Yr. CAGR %	-31.82	-38.02	92.05	11.75	14.97
Net Income, 2 Yr. CAGR %	-32.51	-37.12	-32.65	11.99	205.45
Normalized Net Income, 2 Yr. CAGR %	-46.77	-38.17	96.54	26.13	16.17
Diluted EPS Before Extra, 2 Yr. CAGR %	-32.46	-39.69	92.38	14.94	22.28
Accounts Receivable, 2 Yr. CAGR %	-7.21	5.6	4.46	6.4	6.48
Inventory, 2 Yr. CAGR %	-19.77	14.89	16.2	4.24	1.25
Net Property, Plant and Equip., 2 Yr. CAGR %	-13.11	-3.24	-3.77	1.52	3.51
Total Assets, 2 Yr. CAGR %	-6.62	3.83	4.52	3.8	-2.22
Tangible Book Value, 2 Yr. CAGR %	12.19	-7.26	-6.05	-2.01	3.86
Common Equity, 2 Yr. CAGR %	-22.18	24.84	14.22	4.75	-0.59
Cash From Operations, 2 Yr. CAGR %	24.92	203.85	2.62	5.75	8.44
Capital Expenditures, 2 Yr. CAGR %	-25.55	6.59	7	-11.47	-3.68
Levered Free Cash Flow, 2 Yr. CAGR %	73.46	379.5	-7.98	-5.52	-0.14
Unlevered Free Cash Flow, 2 Yr. CAGR %	56.65	275.61	-5.55	-1.62	1.56
Dividend Per Share, 2 Yr. CAGR %	-	-	-	21.5	17.95
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.02	-0.5	3.6	5.48	4.67
Gross Profit, 3 Yr. CAGR %	-0.12	-0.1	3.08	4.74	4.8
EBITDA, 3 Yr. CAGR %	-27.31	-5.36	-3.66	33.96	11.03
EBITA, 3 Yr. CAGR %	-32.98	-5.84	-11.29	47.15	13.25
EBIT, 3 Yr. CAGR %	-31.51	-3.18	-12.41	48.58	13.29
Earnings From Cont. Operations, 3 Yr. CAGR %	-24.04	20.25	-27.65	70.16	7.3
Net Income, 3 Yr. CAGR %	29.83	15.09	-62.3	61.3	8.15
Normalized Net Income, 3 Yr. CAGR %	-41.94	-3	-22.9	74.58	16.24
Diluted EPS Before Extra, 3 Yr. CAGR %	-24.63	19.08	-28.62	72.96	12.21
Accounts Receivable, 3 Yr. CAGR %	1.82	-3.1	4.81	6.16	5.39
Inventory, 3 Yr. CAGR %	-11.69	-5.65	10.95	12.35	1.98
Net Property, Plant and Equip., 3 Yr. CAGR %	29.4	-9.45	-4.12	0.45	0.29
Total Assets, 3 Yr. CAGR %	-4.3	-2.08	3.03	5.07	-1.01
Tangible Book Value, 3 Yr. CAGR %	8.55	4.56	-5.79	-4.46	1.59
Common Equity, 3 Yr. CAGR %	-15.25	-6.75	14.93	13.69	-1.26
Cash From Operations, 3 Yr. CAGR %	-1.27	17.32	111.02	4.98	6.17
Capital Expenditures, 3 Yr. CAGR %	-15.8	-10.62	0.33	0.32	-6.23
Levered Free Cash Flow, 3 Yr. CAGR %	14.51	37.5	183.64	-7.06	-1.83
Unlevered Free Cash Flow, 3 Yr. CAGR %	13.4	28.56	144.05	-4.09	0.55
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	15.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.93	0.79	1.35	1.51	3.66
Gross Profit, 5 Yr. CAGR %	-1.64	0.87	1.35	1.68	3.58
EBITDA, 5 Yr. CAGR %	-18.42	-8.09	-5.63	3.49	1.97
EBITA, 5 Yr. CAGR %	-22.34	-8.57	-5.38	4.57	-2.55
EBIT, 5 Yr. CAGR %	-20.79	-7.04	-3.51	6.4	-3.39
Earnings From Cont. Operations, 5 Yr. CAGR %	-24.79	-1.2	10.08	18.03	-12.92
Net Income, 5 Yr. CAGR %	-22.61	0.55	-0.14	13.84	-12.94
Normalized Net Income, 5 Yr. CAGR %	-28.98	-9.6	-5.44	8.56	-9.02
Diluted EPS Before Extra, 5 Yr. CAGR %	-25.34	-2.18	9.64	18.74	-11.47
Accounts Receivable, 5 Yr. CAGR %	-1.65	-1.03	2.87	0.6	5.47
Inventory, 5 Yr. CAGR %	-8.5	-4.18	-1.44	-1.81	6.96
Net Property, Plant and Equip., 5 Yr. CAGR %	16.52	15.82	14.94	-5.21	-1.14
Total Assets, 5 Yr. CAGR %	-2.2	-1.55	-0.87	0.23	0.9
Tangible Book Value, 5 Yr. CAGR %	4.01	1.37	2.46	1.88	-2.04
Common Equity, 5 Yr. CAGR %	-11.43	-5.95	-4.51	-2.31	8.45
Cash From Operations, 5 Yr. CAGR %	-2.68	-1.6	0.27	12.55	61.69
Capital Expenditures, 5 Yr. CAGR %	-6.42	-4	-7.33	-10.96	-1.3
Levered Free Cash Flow, 5 Yr. CAGR %	4.23	-0.24	5.18	19.59	87.11
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.98	-0.2	5.4	16.71	72.1
Dividend Per Share, 5 Yr. CAGR %	-	-22.88	-21.47	-	-