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Global closure provides milliardunderskud in ISS

Since large parts of the world closed down in the second quarter due to the coronavirus, was there at the same time, less to low for the ISS.

It has helped to give the lower revenue for the Danish servicegigant. It shows the company's financial statements for the first six months.

In the period from april to June have the ISS, among other things, offers cleaning for other companies, a total of translated for 16.8 billion crowns.

It is 12.5 per cent lower compared to the second quarter last year.

the reason for the lower revenue is a decline in all of ISS' geographical markets.

Procentvist, the decline has been highest in North and south America, where there has been a decrease in revenue of 24 percent to 1.6 billion crowns.

The declining revenue in the second quarter has been with the mean ISS for the entire first half of the year have lost 2.7 billion crowns after tax. The ISS does not have figures for the result in the second quarter seen in isolation.

In a written comment says Jeff Gravenhorst, ceo of ISS, that the first half of the year have been extraordinarily challenging because of the combined impact of coronaviruses, and a cyber attack in February.

- Our financial development has suffered from the loss of revenue and a delay of certain transformational projects, as we omprioriterede in the course of the crisis, says Jeff Gravenhorst.

the Director continues to say that the company has begun to shift away from crisis management and back to normal work.

- global uncertainty continues to be significant.

- But we are well positioned to capitalize on the gradual recovery and the positive and long-term structural trends, says Jeff Gravenhorst.

because of coronakrisen have the ISS in the past been the need to terminate a number of its employees in Denmark.

At the end of June, the company stated that 300 out of around 7500 employees in Denmark would be terminated due to lower activity.

Even though the ISS is a Danish company, so as to form the Danish staff is not large in the overall picture.

worldwide, employing ISS a bit less than 440.000 employees.

It is among other things due to the redundancies, nine percent lower compared to a year ago.

The current number of employees is also influenced by the fact that 25 employees of ISS have died as a result of the covid-19.

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