Intertrust N.V. Q2 and H1 2017 results
(Thomson Reuters ONE) -
Amsterdam - 24 August 2017 - Intertrust N.V. ("Intertrust" or the "Company")
[ticker symbol INTER], a leading global provider of high-value trust, corporate
and fund services, today announces its results for the second quarter and half
year ended 30 June 2017.
Intertrust financial and operating performance for Q2 and H1 2017
* Management reiterates full year 2017 guidance for underlying revenue of at
least 3.5% year-on-year and for Adjusted EBITA margin between 37.5-38.5%.
* Revenue increased 33.0% year-on-year to EUR 118.1 million in Q2, but
declined 0.1% on an underlying basis. Revenue for H1 was EUR 239.7 million,
implying underlying growth of 2.0%.
* Adjusted EBITA was EUR 41.7 million in Q2, up 18.6% but down 9.0% underlying
year-on-year. Adjusted EBITA margin declined 342bps to 35.3% in Q2,
primarily due to EUR 2.1 million of non-recurring expenses (or approx.
180bps).
* Elian synergy realisation continues on track; the IT integration is now
expected to be completed in 2019.
* Adjusted net income in H1 2017 grew 24.1% to EUR 64.5 million. Adjusted EPS
in H1 2017 was EUR 0.71, up 15.9% year-on-year.
* An interim dividend of EUR 0.28 per share has been declared and will be paid
on 29 November 2017.
* Management and Supervisory Board changes are announced in separate press
releases also published today.
For the full Q2 and H1 press release please open the attached file or click
here.
A supporting presentation can be downloaded from our website.
Analyst conference call:
Intertrust CEO David de Buck and CFO Maarten de Vries will hold an analyst /
investor call at 09:30 CET today.
A webcast of the call will be available on the Company's website. The webcast
can be accessed here.
If you would like to be able to ask questions during the webcast, please also
register to dial in. We recommend dialling in 5 to 10 minutes prior to the start
time.
Intertrust NV_Q2 and H1 2017 results_24082017_FINAL:
http://hugin.info/171118/R/2128962/813112.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Intertrust Group via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 24.08.2017 - 07:15 Uhr
Sprache: Deutsch
News-ID 557639
Anzahl Zeichen: 2730
contact information:
Town:
Amsterdam
Kategorie:
Business News
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