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

Keeping up to date

You can now receive our insights and regulatory updates direct to your inbox by choosing the topics and jurisdictions that most interest you. 

Subscribe to our e-Alerts.