TMF Group releases Q1 2013 financials

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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