TMF Group Holding B.V., Q1 2015 results

Operational Highlights Q1 2015

  • Completed acquisition of PwC Brazil’s outsourcing division.
  • Employee numbers (FTE) now exceed 5,800.

Financial Highlights Q1 20151

  • On a management basis, group revenue up 21.6% to €117.2 million (Q1 2014: €96.4 million):
    • Corporate Services, Structured Finance and Private Client Services up by 21.6%, 21.3% and 22.1% respectively;
    • EMEA, Americas and APAC region up by 14.8%, 27.8% and 97.6% respectively;
  • On a management basis, group EBITDA2 increased 22.2% to €30.8 million (Q1 2014: €25.2 million).
  • On a management basis, EBITDA margin 26.3% (Q1 2014: 26.1 %);
  • On a management basis, net loss of the quarter increased by €7.4 million to €13.3 million (Q1 2014: €5.9 million);
  • On a statutory basis, cash generated from operations (excluding associates) increased by €10.9 million to €43.4 million (Q1 2014: €32.5 million) or 141.4% of EBITDA (Q1 2014: 129.0% of EBITDA);
  • On a management and like for like3 basis, revenue growth of 7.6% and EBITDA growth of 8.1%.

View the complete press release here.

View the full financial report here.

1 In this press release all income statement related figures are presented with the associates on a full consolidation basis (‘management basis’). All other information (e.g. cash flow and balance sheet) is presented on a statutory basis. The statutory basis include the result of associates using equity accounting.
2 Earnings before interest, income tax, depreciation, amortization, impairment charges, acquisition, litigation, redundancy and restructuring costs. 3 At constant currency and excluding the impact of acquisitions and disposals.
3 At constant currency and excluding the impact of acquisitions and disposals. 

Press Release

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