Danish services group ISS sees organic growth of 4-6% in 2023


COPENHAGEN (Reuters) – Danish services group ISS on Thursday reported operating profits for the second half of 2022 slightly below expectations and predicted organic growth this year of 4-6%, down from 8% in 2022.
COPENHAGEN (Reuters) – Danish services group ISS on Thursday reported operating profits for the second half of 2022 slightly below expectations and predicted organic growth this year of 4-6%, down from 8% in 2022.
(Reporting by Johannes Birkebaek; Editing by Jacob Gronholt-Pedersen and Anna Ringstrom)
Organic growth refers to the increase in a company's revenue generated from its existing operations, excluding any revenue from acquisitions or mergers.
Operating profits are the earnings a company makes from its core business operations, excluding any income derived from non-operational activities such as investments or sales of assets.
Profit margin is a financial metric that indicates the percentage of revenue that exceeds the costs of goods sold, reflecting the profitability of a company.
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