Amsterdam, the Netherlands - 2 August 2018 - Intertrust N.V. ("Intertrust" or "Company") [Euronext: INTER], a leading global provider of expert administrative services to clients operating and investing in the international business environment, today publishes its results for the second quarter and half year ended 30 June 2018.
Q2 2018 Highlights
Revenue increased 5.4% underlying year-on-year to EUR 121.5 million.
Adjusted EBITA amounted to EUR 44.7 million, up 10.0% on an underlying basis.
Adjusted EBITA margin of 36.8% (Q2 2017: 35.3%).
Adjusted EPS increased 5.7% to EUR 0.37 (Q2 2017: EUR 0.35).
H1 2018 Highlights
Revenue of EUR 241.6 million, an underlying increase of 4.0% year-on-year.
Adjusted EBITA amounted to EUR 90.0 million, up 6.0% on an underlying basis.
Adjusted EBITA margin of 37.2% (H1 2017: 36.6%).
Adjusted EPS increased 4.2% to EUR 0.74 (H1 2017: EUR 0.71).
EUR 50 million share repurchase programme completed on 31 May 2018.
Interim dividend of EUR 0.30 per share, or approximately EUR 27 million, declared, payment date 30 November 2018.
A global headcount alignment programme has been completed that will result in a structural annual cost saving of approximately EUR 3 million.
New senior management appointments have been announced, including the confirmation of Hans Turkesteen as CFO. The senior management transition is now completed.
Guidance for Full Year 2018 reiterated.
To read the full Q2 and H1 2018 results press release, please open the attached file or download here.
The supporting Q2 and H1 2018 results presentation is also attached and available on our website.
tijd 09.18
De Midcap 787,57 -3,12 -0,39% Intertrust EUR 15,70 +85ct vol. 40.060
|