DistantNews
Support us
🇩🇰 Denmark /Economy & Trade

Danish Service Giant ISS Reports Strong Growth Fueled by Price Hikes

From Berlingske · () Danish

Translated from Danish, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Danish service company ISS reported a revenue of DKK 44.7 billion in the first half of the year, up from DKK 41.6 billion in the same period last year.
  • Profit after tax increased to nearly DKK 1.2 billion from DKK 995 million.
  • The company attributes its growth, particularly in markets like Turkey, to price increases.

The Danish service company ISS has announced a strong first half of the year, with revenues reaching DKK 44.7 billion, an increase from DKK 41.6 billion in the corresponding period last year. The company's profit after tax also saw a significant rise, climbing to nearly DKK 1.2 billion from DKK 995 million.

ISS, a major player in Denmark known for providing services such as cleaning and catering, employs approximately 330,000 people globally. The company experienced growth across nearly all its markets during the first half of the year, with Central and Southern Europe showing the most substantial gains.

According to ISS, the growth is primarily driven by price increases. These higher prices have had a notable impact, especially in the Turkish market during the second quarter. The company's performance indicates a successful strategy in navigating market conditions through adjusted pricing.

DistantNews Editorial

Originally published by Berlingske in Danish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog