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ISS growth accelerates19th of September 2011
Financial results from global building services provider ISS for the second quarter of this year show organic growth ended at 6.2 per cent, up from 5.8 per cent in the first quarter and 3.8 per cent in the comparable quarter in 2010.
This seventh quarter of increasing organic growth is attributed to double-digit increases in Latin America, North America and Asia. Total revenue grew by five per cent in the quarter and by seven per cent for the first six months of this year.
Operating profit grew by four per cent for the quarter to 135 million euros and 15 per cent to 242 million euros for the first six months of 2011 - the highest January to June profit in the company's history. And 9,100 new jobs were added across the world in the second quarter, bringing the total to 535,600 globally.
ISS Group ceo Jeff Gravenhorst explained: "For the first six months of 2011 we have positive revenue growth in all our geographies combined with an increased operating profit for the group – though in certain geographies margins came under pressure in the second quarter of the year, particularly in some Mediterranean countries and the Netherlands.
"In the second quarter of 2011 we won important new contracts with 23 airports in India, Phillip Morris International, Tesco, Carlsberg, GM, and Johnson & Johnson."