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.