TMF Group Holding B.V. announces certain updated information
TMF Group Holding B.V., a global outsourced business services provider, today announced that it believed that its revenue for the second quarter of 2014 would be marginally higher than its revenue for the second quarter of 2013 and that its Adjusted EBITDA for the second quarter of 2014 would be marginally lower than its Adjusted EBITDA for the second quarter of 2013. We believe that EBITDA for the year ended December 31, 2014 will be above EBITDA for the year ended December 31, 2013.
In connection with its agreement to acquire KCS Limited, an independent pan-Asian corporate services provider specialising in corporate accounting, corporate secretarial and payroll services, TMF Group Holding B.V. announced that post-acquisition it would seek to broadly align KCS Limited's results with its own operational metrics in that region. We expect the acquisition to be completed in the second half of 2014.
The above information is not intended to be a comprehensive statement of our financial or operational results for the full year 2014. The preliminary estimates above were prepared based on a number of assumptions and estimates that are subject to inherent uncertainties and subject to change.
Accordingly, our actual results for the full year 2014 may vary from our preliminary estimates above, and such variations could be material.
This announcement includes projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of TMF Group Holding B.V. (the “Company”) about future events and financial performance. The use of any of the words “expect,” “anticipate,” “continue,” “will,” “project,” “should,” “believe,” “plans,” “intends” and similar expressions are intended to identify forward-looking information or statements. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that such statements and information will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties.
The forward-looking statements and information contained in this announcement are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.