TMF Group release Q3 Financial results

TMF Group Holding BV (‘TMF Group’) announced its financial results for Q3 2013 today, 18 November 2013.

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

Key highlights (Q3, 2013) include:

  • Group revenue up 2.5% to €96.8 million (Q3 2012: €94.4 million),
  • Group EBITDA (Earnings before interest, income tax, depreciation, amortization, impairment charges and other income/ expenses) down by 1.8% to €24.8 million (Q3 2012: €25.2 million*);
  • EBITDA margin 25.6% (Q3 2012: 26.7 %);
  • At constant currency revenue up by 5.0% and EBITDA up by 1.7%;
  • Net loss of the quarter increased by €2.1 million to €9.5million (Q3 2012: €7.4 million);
  • Cash generated from operations decreased by €3.3 million to €23.2 million (Q3 2012: €26.5 million) or 94% of EBITDA (Q3 2012: 105% of EBITDA).

View full press release of results

 
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