ISS is a Facility Services company based in Denmark. Co.'s focus of operations is on providing its customers a full range of facility services required to meet each customers needs. Co. offers a wide range of services such as: Facility Management, Cleaning Services, Support Services, Property Services, Catering Services and Security Services. Co. maintains operations in more than 50 countries across Europe, Asia, North America, Latin America and Pacific, serving public and private sector customers in business services and information technology, manufacturing, healthcare, retail, transportation and infrastructure, energy, leisure, food and beverage, pharmaceutical, and other sectors.
  • TickerA1XE8F
  • ISINDK0060542181
  • ExchangeNasdaq Nordic Copenhagen
  • SectorSupport Services
  • CountryDenmark

Analysts

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2018

A few weeks after the French government officially mandated advisers to work on EDF’s “architecture”, we provide an update on the main scenarios and their financial consequences. Our status-quo approach gives a valuation of between € 18.0 (+20%) and € 19.2 (+28%), depending on the outcome of the Multiannual Energy Plan (MEP). Under alternative scenarios, with total regulation of the nuclear sector or segregation of nuclear power, our valuation ranges from € 22.5 (+50%) to € 24.0 (+71%...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2018

Quelques semaines après que l’Etat ait officiellement mandaté des conseils pour travailler sur « l’architecture d’EDF », nous revenons sur les principales hypothèses d’évolution et leurs conséquences financières. Notre approche statu quo nous amène à une valorisation du titre entre 18.0 € (+20%) et 19.2 € (+28%), en fonction de la PPE, tandis que les hypothèses alternatives, avec régulation totale du nucléaire ou sanctuarisation du nucléaire, la porterait entre 22.5 € (+50%) et 24.0 €...

Johanna Jourdain ...
  • Matthias Desmarais

ISS A/S : In line Q3 results, supportive outlook although unchanged

>Q3 results broadly in line: better organic sales growth, margins in line - ISS reported Q3 sales of DKK 19 641m down 0.7%. This compares with Oddo BHF DKK 19 964m and consensus DKK 19 699m. Organic growth reached 3.4% above Oddo BHF 2.5% and consensus 2.8% (Q2 was 3.2%), despite the impact of the recent loss of large contracts (this should ease from Q4 onwards). This shows good commercial momentum which bodes well for 2019 and IFS (Integrated Facilities Services) co...

Johanna Jourdain ...
  • Matthias Desmarais

ISS A/S : In line Q3 results, supportive outlook although unchanged

>Q3 results broadly in line: better organic sales growth, margins in line - ISS reported Q3 sales of DKK 19 641m down 0.7%. This compares with Oddo BHF DKK 19 964m and consensus DKK 19 699m. Organic growth reached 3.4% above Oddo BHF 2.5% and consensus 2.8% (Q2 was 3.2%), despite the impact of the recent loss of large contracts (this should ease from Q4 onwards). This shows good commercial momentum which bodes well for 2019 and IFS (Integrated Facilities Services) co...

Johanna Jourdain ...
  • Matthias Desmarais

ISS A/S : In line Q3 results, supportive outlook although unchanged

>Q3 results broadly in line: better organic sales growth, margins in line - ISS reported Q3 sales of DKK 19 641m down 0.7%. This compares with Oddo BHF DKK 19 964m and consensus DKK 19 699m. Organic growth reached 3.4% above Oddo BHF 2.5% and consensus 2.8% (Q2 was 3.2%), despite the impact of the recent loss of large contracts (this should ease from Q4 onwards). This shows good commercial momentum which bodes well for 2019 and IFS (Integrated Facilities Services) co...

Johanna Jourdain ...
  • Matthias Desmarais

ISS A/S : In line Q3 results, supportive outlook although unchanged

>Q3 results broadly in line: better organic sales growth, margins in line - ISS reported Q3 sales of DKK 19 641m down 0.7%. This compares with Oddo BHF DKK 19 964m and consensus DKK 19 699m. Organic growth reached 3.4% above Oddo BHF 2.5% and consensus 2.8% (Q2 was 3.2%), despite the impact of the recent loss of large contracts (this should ease from Q4 onwards). This shows good commercial momentum which bodes well for 2019 and IFS (Integrated Facilities Services) co...

Johanna Jourdain ...
  • Matthias Desmarais

ISS A/S : Initiation of coverage (Buy): performance facilitated in 2019

The development of ISS in integrated services and key accounts should make it possible to speed up growth and boost margins. Aside from the strong rebound in operations expected in 2019, solid FCF generation will likely be the driver in the medium term for the valuation. This valuation is attractive in our view at 10.5x 2019e EV/EBIT. - - >A global leader of integrated B2B services - ISS is one of the global leaders in corporate facility management services with a share...

Johanna Jourdain ...
  • Matthias Desmarais

ISS A/S : Initiation de couverture (Achat) : Une performance facilitée en 2019

Le développement d’ISS sur les services intégrés et les grands comptes devrait lui permettre d’accélérer sa croissance et d’accroître sa rentabilité. Outre le fort rebond opérationnel attendu en 2019, la solide génération de FCF sera le driver de la valorisation à moyen terme. Celle-ci nous paraît attractive à 10.5x en VE/EBIT 19e. - - >Un leader mondial des services intégrés aux entreprises - ISS est l’un des leaders mondiaux de services de facility management aux entr...

2 directors bought/sold

Two Directors at Iss As bought/sold 24,000 shares at between 223.300DKK and 227.840DKK. The significance rating of the trade was 99/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rule...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2018

A few weeks after the French government officially mandated advisers to work on EDF’s “architecture”, we provide an update on the main scenarios and their financial consequences. Our status-quo approach gives a valuation of between € 18.0 (+20%) and € 19.2 (+28%), depending on the outcome of the Multiannual Energy Plan (MEP). Under alternative scenarios, with total regulation of the nuclear sector or segregation of nuclear power, our valuation ranges from € 22.5 (+50%) to € 24.0 (+71%...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2018

Quelques semaines après que l’Etat ait officiellement mandaté des conseils pour travailler sur « l’architecture d’EDF », nous revenons sur les principales hypothèses d’évolution et leurs conséquences financières. Notre approche statu quo nous amène à une valorisation du titre entre 18.0 € (+20%) et 19.2 € (+28%), en fonction de la PPE, tandis que les hypothèses alternatives, avec régulation totale du nucléaire ou sanctuarisation du nucléaire, la porterait entre 22.5 € (+50%) et 24.0 €...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Proxy Report - 11/04/2018

In general, ISS is in compliance with the Danish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 4, although not legally required in Denmark, the board of directors and the executive management seek discharge. Under its guidelines, ECGS no longer approves discharge of the board of directors and/or executive management if there is no legalrequirement for it. Since there is no such requirement in Denmark, ECGS recommends to OPPOSE. Under ITEMS 7a-7f, the (re-)election of the board of directors is proposed. ECGS has concerns over the aggregate t...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch