TMF Group Holding BV (“TMF Group”) announced its financial results for Q1 2013 today, 23 May 2013.
The Group continues to pursue its strategy of investing to drive organic growth; On-going development of sales and delivery capability led to an increase in the number of FTEs and a consequential impact on the gross margin; We have made good progress in our start-up countries that were EBITDA negative in 2012 with all progressing to being profitable in 2013 Group revenue up 0.8% to €97.2 million (March 2012: €96.5 million); Group EBITDA (Earnings before interest, income tax, depreciation, amortization, impairment charges and other income/expenses) down by 3.1% to €25.5 million (March 2012:€26.3 million); EBITDA margin 26.2% million (March 2012: 27.2%;
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