David de Buck, Chief Executive Officer of Intertrust, commented:
“I am pleased with our solid performance over Q4 and the progress we have made on the integration of Elian. Our efforts to improve the Luxembourg operations have been successful. In Cayman, we see an improvement versus Q3 and outflow of entities reduced in Q4 as well as during the start of 2017. On the basis of a full year of Elian, our adjusted net income per share in FY 2016 would have been €1.44. Our growth in 2016 was largely driven by clients’ needs for more added-value services per entity. Geopolitical uncertainty such as Brexit caused a slowdown in Foreign Direct Investment and M&A activity which impacted the rate of creation of new entities. For 2017, we expect to achieve underlying revenue growth of 4-5% and maintain our adjusted EBITA margin (39.9% for FY 2016). We welcome Maarten de Vries as our new CFO. Going forward, IT, Operations and Finance will report to Maarten.”
Intertrust standalone presented for historical comparison purposes
- * See definitions
- ARPE, Adj. Revenue/FTE and Adj. EBITA/FTE in all tables shown in € thousands
- Standalone 2016: Intertrust excl. Elian. Standalone 2015: includes Jul-Dec 2015 CorpNordic figures
Notes to Adjusted figures:
The guidance below pertains to 2017. Management will update the medium term guidance at our first Capital Markets Day on September 21, 2017.
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© 2017 Intertrust Group B.V