Intertrust reports Q3 2019 results
October 31 2019 - 2:15AM
Intertrust reports Q3 2019 results
Amsterdam, the Netherlands – 31 October 2019 -
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 third quarter and
nine months ended 30 September 2019.
Q3 2019 Highlights
- Revenue increased 4.8% underlying to EUR 140.3 million.
Excluding Viteos, revenue increased by 4.4%.
- Adjusted EBITA amounted to EUR 49.4 million, an increase of
7.6% (-2.5% underlying).
- Adjusted EBITA margin decreased to 35.2% (Q3 2018: 37.7%) in
line with expectations. The migration to our Centres of Excellence
has started and will improve margins in the medium term, in line
with earlier communication.
- Adjusted EPS was EUR 0.38 (Q3 2018: EUR 0.39).
9M 2019 Highlights
- Revenue increased 3.9% underlying to EUR 393.8 million.
Excluding Viteos, revenue increased 3.0%.
- Adjusted EBITA amounted to EUR 141.4 million, an increase of
4.1% (-1.3% underlying).
- Adjusted EBITA margin of 35.9% (9M 2018: 37.4%). Full year 2019
guidance of at least 36% reiterated.
- Adjusted EPS was EUR 1.13 (9M 2018: EUR 1.13).
Analyst call / webcastToday,
Intertrust's CEO Stephanie Miller and CFO Rogier van Wijk will hold
an analyst call at 10:00 CET. A webcast of the call will be
available on the Company's website. The webcast can be accessed
here. The supporting presentation can be downloaded from our
website.
Stephanie Miller, CEO of Intertrust,
commented:"I am pleased with the strong progress in
executing our strategy and revenue growth of 4.8% underlying in the
third quarter. The integration of Viteos is moving ahead at full
speed. We are aligning our commercial and marketing strategies and
we have already migrated certain support functions to our Centres
of Excellence in India. For the remainder of this year, we continue
to invest in our people, technology and client service to deliver
on our ambitions in the medium term and become the global leader in
tech-enabled corporate & fund solutions."
Attachment
- Press release Intertrust reports Q3 and 9M 2019 results