Full year 2012 financial results released
Article 1 minute read

Full year 2012 financial results released

25 March 2013

TMF Group Holding BV (“TMF Group”) announced its financial results for the full year 2012 today, 25 March 2013.

Results show Group revenue was up 4.6% to €391.8 million from €374.8 million) in 2012, with Group EBITDA stable at €107.3 million and cash generated from operations increasing by €2.2 million to €108.5 million. The increase in revenue in 2012 stems from organic growth, mainly in EMEA, APAC and Americas, offset by a decrease in revenue in Benelux (The Netherlands). The main driver of revenue growth was corporate services (€17.1 million or 6% growth), marginally offset by a decrease in revenue in Structured Finance services.

Operational highlights of 2012 included completing the final stages of the merger between TMF Group and Equity Trust; the opening of seven new offices around the world; a renewed focus on sales and marketing; and ongoing investment in IT infrastructure and tools to create a more scalable platform.

Looking forward, TMF Group’s key objective is to continue to scale the business and build on current geographic and service offerings, with priorities including:

  • driving top line growth through cross-selling within our existing client base and helping new and existing clients expand internationally
  • driving productivity levels across our business operations
  • strengthening our management capabilities and establishing a strong performance culture
  • reducing leverage.

Read the full press release.

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