TMF Group releases Q3 2014 financial results

TMF Group Holding BV (‘TMF Group’) announced its financial results for Q3 2014 today, 20 November 2014

Growth has been driven by an increase in all regions, including the impact of acquisitions in EMEA and APAC, though the Fund Services arm has decreased. 

Q3 highlights include:

  • Underlying revenue growth of 8.8% (YTD September 8.3%) and underlying EBITDA growth of 18.4% (YTD September 8.4%)
  • Acquisition of KCS Limited, an independent pan-Asian Corporate services provider specialising in corporate accounting, corporate secretarial and payroll services
  • Expansion of activities in Africa to Ethiopia, Ghana and Kenya
  • Group revenue up 13.3% to €109.7 million (Q3 2013: €96.8 million):
    • Corporate services and Private client services up by 18% and 6% respectively, offset by a decrease in Fund Services of 22%
    • EMEA and APAC region up by 15% and 70% respectively
  • Group EBITDA increased 17.7% to €29.2 million (Q3 2013: €24.8 million); rhis is due to an increase in all regions, including the impact of acquisitions in the EMEA and APAC region, offset by a decrease in Fund Services and the continued investment in our global sales capability
  • On a like for like basis revenue growth of 6.8% and EBITDA growth of 13.8%

Read the full results in our Investor Relations section.

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