TMF Group release Q2 2013 financial results

TMF Group Holding BV (‘TMF Group’) announced its financial results for Q2 2013 today, 19 August 2013.

The Group continues to pursue its strategy of investing to drive organic growth and has made good progress in our start-up countries that were EBITDA negative in 2012 with all progressing to being profitable in 2013.

Key highlights (Q2, 2013) include:

  • Group revenue up 3.1% to €100.8 million (Q2 2012: €97.7 million)
  • Net loss of the quarter decreased by €4.3 million to €7.5million (Q2 2012: €11.8 million)
  • Cash generated from operations increased by €5.1 million to €26.6 million (Q2 2012: €21.5 million) or 97% of EBITDA (Q2 2012: 85% of EBITDA).
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