investor relations

Capital structure

The primary priority for our capital structure is to ensure a strong and efficient balance sheet and liquidity position to support operational needs and financial flexibility for execution of our strategic objectives, while maintaining investment grade rating.

Capital structure
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YearFiles and attachments
20242024 Annual Report
2024H1 Interim Report 2024
20232023 Annual Report
2023H1 Interim Report 2023
2023ESEF H1 Interim report 2023
20222022 Annual Report
2022ESEF 2022 Annual report
2022H1 Interim Report 2022
2022ESEF H1 Interim report 2022
20212021 Annual Report
credit ratings

Current credit ratings for ISS A/S

ISS has an Investment Grade rating from the two largest global credit rating agencies, Moody’s and S&P. ISS maintains a close relationship with the agencies by providing continuous and relevant information to the agencies on an ongoing basis.

Rating agencyCorporate ratingOutlookDateDownload
S&P Global Ratings BBB Stable Outlook 23 May 2024Download
Standard & Poor's BBB- Positive Outlook 10 May 2023Download
Moody's Baa3 Stable Outlook 9 November 2020Download
information for bond holders

Financial reports for ISS Global A/S

ISS Global A/S is a subsidiary of ISS A/S

Funding

EMTN bonds

ISS’s funding is mainly comprised by issued bonds with fixed interest rates

Issued bonds (fixed interest rate)Nominal interest rateCurrencyMaturityNominal value in DKK million2022 carrying amount in DKK million
EMTNs (EUR 300 million)2.125%EUR20242.2362.237
EMTNs (EUR 500 million)1.250%EUR20253.7263.660
EMTNs (EUR 500 million)0.875%EUR20263.7263.713
EMTNs (EUR 600 million)1.500%EUR20274.4724.463
EMTNs (EUR 500m)3.875%EUR20293.726

Capital allocation

We will stringently allocate capital by fulfilling four clear ambitions in prioritised order:

1. Maintaining an investment grade rating

Adhere to financial leverage target of net debt of 2.0-2.5x pro forma adjusted EBITDA and maintain investment grade rating.

2. Dividends

Pay dividend with commitment of an annual payout ratio of 20-40% of adjusted net profit for the financial year.

3. Investments

Value-creating investments in the form of M&A or enhancements of existing business.

4. Share buyback

Distribute excess cash through share buyback programmes.

INSIGHTS

Stories about people, places and planet

Robert Cedermark - Headshot
unlocking people potential

Meet Robert Cedermark

In 2014, Robert Cedermark began his career as a Global Management Trainee (GMT), a move that sparked a transformative professional and personal journey, taking him across the world. 

Robert Cedermark/insights/insights/people-stories/robert-cedermark
SHINE@ISS
CORPORATE RESPONSIBILITY

Providing an opportunity to SHINE@ISS

At ISS, our goal is to help our employees feel valued, engaged and respected. Our inclusive culture means we focus on empowering people to contribute with their unique skills and perspectives. Find out how ISS Hong Kong is committed to nurturing the next generation of special needs youths through our SHINE@ISS programme.

Providing an opportunity to SHINE ISS/insights/insights/cr-stories/providing-an-opportunity-to-shine-iss
Sampatti Chavan
People

Meet Sampatti Chavan

His connection with the company extends to his wife and his daughter and Sampatti hopes to continue working with us until retiring, saying that the security ISS has provided him has been “valuable”.

Meet Sampatti Chavan/insights/insights/people-stories/meet-sampatti-chavan

PEOPLE MAKE PLACES

350,000+ people   |   30+ countries   |   40,000+ customers