Copenhagen, 2012-08-22 08:00 CEST (GLOBE NEWSWIRE) --

Today, ISS A/S announced interim operational and financial results for Q2 and
the first six months of 2012. ISS continued to deliver a sound performance in
challenging macroeconomic conditions by demonstrating healthy organic growth,
operating profit in line with last year and strong cash conversion.

-- Revenue up by 1% to DKK 39.1 billion driven by organic growth of 2.2% in
the first six months of 2012
-- Operating profit before other items amounted to DKK 1,904 million in the
first six months of 2012 compared with DKK 1,974 million in the same period
in 2011
-- Operating margin before other items of 4.9% for the first six months of
2012 was in line with expectations
-- Profit before goodwill impairment/amortisation of customer contracts
amounted to DKK 489 million for the first six months compared with DKK 408
million in the same period last year
-- The LTM (Last Twelve Months) cash conversion for June 2012 was 99%

Jeff Gravenhorst, ISS Group CEO, said:
“In spite of the challenging macro-economic conditions, particularly in certain
Mediterranean countries, ISS is well on track to deliver a solid 2012 result in
line with our expectations. We recently won major new contracts with Barclays
Bank and Novartis and we have a strong pipeline of international and national
customers, which gives us confidence that the organic growth and margin
development in the second half of the year will bring us within our financial
outlook”.

Group Performance
Group revenue amounted to DKK 39.1 billion in the first six months of 2012, an
increase of 1% compared with the same period in 2011, driven by organic growth
of 2.2% and a positive effect from exchange rate movements of 1% which was
partly offset by the successful divestments of non-core activities amounting to
2%.

All regions except the North America and Pacific regions delivered a positive
organic growth rate including Asia with a double-digit organic growth rate.

Operating profit before other items amounted to DKK 1,904 million in the first
six months of 2012 compared with DKK 1,974 million in the same period in 2011.
Operating profit was DKK 1,793 million, down from DKK 1,845 million in the
comparable period of 2011. The operating margin (operating profit before other
items as a percentage of revenue) was 4.9% for the first six months of 2012
compared with 5.1% for the same period of 2011.

The net result improved from a loss of DKK 438 million in the first six months
of 2011 to a loss of DKK 294 million in the first six months of 2012.

The LTM (Last Twelve Months) cash conversion for June 2012 was 99% as a result
of a strong cash flow performance in all regions, reflecting a continued focus
on securing payments for work performed and remaining cautious in countries
with increasing financial turmoil.

On 16 August 2012, ISS announced that Ontario Teachers' Pension Plan
(Teachers') and KIRKBI Invest had agreed to invest EUR 500 million
(approximately DKK 3,721 million) in ISS. The new investors will own
approximately 26% of the ultimate holding company of ISS. The current owners,
funds advised by EQT Partners (“EQT”) and GS Capital Partners funds (“GSCP”),
are not selling any shares as part of the transaction, and will remain majority
owners of ISS. The proceeds from this investment are expected to be used to
significantly deleverage the company by repaying the 11% Senior Notes due 2014
after the December 2012 call date.

Outlook
The outlook for 2012 is based on a continued challenging macroeconomic outlook
and difficult market conditions in Europe – in particular certain Mediterranean
countries. We expect a continued strong growth in emerging markets.

ISS experienced a strong positive trend in organic growth in 2011 following the
start-up of several large integrated facility services (IFS) contracts leading
to organic growth of 6.2% for the Group. The organic growth is negatively
impacted by the challenging macroeconomic conditions, however, combined with
the start-up of recent multinational IFS contract wins we are aiming at a
continuation of the organic growth expectation for 2012 in the 3-5% range.

The operating margin for 2012 is expected to be around the level realised in
2011. Cash conversion for 2012 is expected to be around 90%.

Ole Andersen Jeff Gravenhorst
Chairman of the Board Group CEO


Telephone conference
A presentation regarding the interim results will be held on Wednesday, 22
August at 10:00 CET (9:00 UK time).

+45 36 95 41 87 (Denmark)

+44 (0) 2030 432 436 (UK)

Live webcast
The conference call will also be available on live webcast. In order to listen
to the conference call and view the presentation simultaneously, please visit
http://inv.issworld.com/events.cfm

For media enquiries
Kenth Kærhøg, Head of Group Communications, +45 38 17 62 05

For investor enquiries
Barbara Plucnar Jensen, Head of Group Treasury, +45 38 17 62 60


About ISS
The ISS Group was founded in Copenhagen in 1901 and has grown to become one of
the world’s leading Facility Services companies. ISS offers a wide range of
services such as: Cleaning, Catering, Security, Property and Support Services
as well as Facility Management. Global revenue amounted to DKK 78 billion in
2011 and ISS now has more than 530,000 employees and local operations in more
than 50 countries across Europe, Asia, North America, Latin America and
Pacific, serving thousands of both public and private sector customers. For
more information on the ISS Group, visit www.issworld.com.

ISS A/S, CVR 28 50 47 99, ISIN XS0253470644
ISS Global A/S, ISIN XS0206714247
ISS Financing plc, ISIN XS0441258117