Danish services company International Service Systems (ISS) has set forth its vision for the next five years, during which it plans to continue its transformation from a multi-services supplier to a facility services provider with a strong global position. Under the new five-year strategy, called “create2005,” ISS plans to at least double its gross revenues (turnover), operating profit, and EPS (before goodwill amortization). The company is also aiming for an average organic growth of at least 6%, and at least a 6% operating margin in business units with critical mass. ISS, which employs 265,000 people, has increased its gross revenues by an average of about 25% per year for the last five years, and its operating profit by about 29%. For the first nine months of 2000, its gross revenues were up 52%, and its operating profit was up 48%. ISS has made 42 acquisitions so far this year, which will very likely raise its rank from its current rating as Europe’s tenth-largest employer. On November 8, FMLink reported the ISS acquisition of 7 companies in Singapore and Europe. ISS adopted a new logo and brand along with its new strategy.
Based on a report from i-FM
