ECJ EUROPEAN Cleaning Journal

International facilities services business ISS is to divest its business in France, except for global key account customers.

The company says financial results in the country have not been satisfactory historically, diluting group operating margins and growth. "Furthermore, the development in France has not generated the expected financial improvements due to inherent strategic challenges, difficult market conditions, and continued muted commercial development," it added.

During the past several years, the ISS Group and local management in ISS France have worked towards restructuring the business and establishing a solid foundation in the French market. However, it says building a long-term, sustainable business and a strengthened market position in France would require further significant investment and management attention.

"Our French business has a good and diversified customer portfolio base, as well as experienced and dedicated people. During the search for a buyer, ISS France will continue to service all existing customers," said Kasper Fangel, group chief financial officer.

"As for our strategically important global key accounts customers, they are integral to our long-term strategy. We remain fully committed to deliver excellent service to these customers in France, both now and well into the future."