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    ISS   DK0060542181

ISS A/S

(ISS)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

ISS : PwC and ISS Netherlands partnership becomes officially Vested certified

10/05/2018 | 04:33am EDT

The international Vested methodology provides business partners with a flexible outcome-based contract designed to deliver on the parties' mutually developed vision and objectives.

After working together since 2015, PwC and ISS in the Netherlands have now entered a Vested agreement to formalise their outcome-based approach to service innovation and world-class workplace experiences. At a ceremony on 2 October 2018 in Rotterdam, the University of Tennessee officially recognised the contract between PwC Nederland and ISS as a full-fledged Vested agreement, making it the second such contract in the Netherlands and the thirteenth in the world.

Kate Vitasek, founder of the Vested methodology and Lead Researcher at the University of Tennessee
, said:

'I am really impressed with the contract architecture of the PwC-ISS Deal. The transparency, flexibility and win-win nature set them up to achieve innovation in key areas, such as sustainability- and technology-enabled FM-services.'

To officially enter into a Vested strategic partnership, the business partners must demonstrate a score of 4 out of 5 across 10 contractual elements that are essential to a sustainable, mutually beneficial outsourcing agreement. PwC and ISS's official certification was preceded by a period of preparation lasting more than 1.5 years, including training three senior managers - Marjolein Kurstjens from PwC and Ruben Veld and Kyrsa de Bruine from ISS - as Certified Deal Architects in Vested.

Maurice Verwer, Director of Facility Management & Business Support at PWC
, said:

'Three years ago, we started working with ISS to transform our facility services unit into one that aims to play a significant role for PwC in the area of facility management. Providing a good quality of operational services alone is then no longer sufficient. With a Vested contract, we are investing in the relationship and in our shared facility service ambitions. The contract is based on a longer-term horizon, which means that the provider has more opportunity to innovate and do business. A Vested business relationship remains intact for as long as the parties are able to create added value for each other.'

Kyrsa de Bruine, Segment Director Business & IT, ISS Netherlands, said:

'This Vested contract officially recognises the partnership within which we have already been working for some years now. It puts PwC as well as ISS in an even better position to focus on our shared ambitions and ensure our success in the long term. A good example of this is our collaboration in the area of inclusion. We have an employee at PwC who is the key link between municipalities, schools, and ISS when it comes to helping people with poor chances on the labour market to find work. In doing so, we help PwC in the Netherlands by creating added value for society. We are both innovative and forward-looking in our industry, and this Vested certification is a further confirmation of our shared vision of partnership in facility management outsourcing.'

PwC employs over 5,000 people in the Netherlands based in 13 offices. The contract between PwC and ISS covers more than 50 services, including facility management, hospitality services, catering, cleaning, technical services, and project management.

For media enquiries

Marcel Kalmeijer, ISS Netherlands Communication Manager, +31 30 242 4344

Lena Stennicke, Group Communications Director, press@iss.biz

About ISS Facility Services

The ISS Group was founded in Copenhagen in 1901 and has grown to become one of the world's leading Facility Services companies. ISS offers a wide range of services such as: Cleaning, Catering, Security, property and Support Services as well as Facility Management. Global revenue amounted to DKK 79.9 billion in 2017 and ISS has more than 488,000 employees and activities in more than 70 countries across Europe, Asia, North America, Latin America and Pacific, serving thousands of both public and private sector customers. For more information on the ISS Group, visit www.issworld.com.

Disclaimer

ISS A/S published this content on 05 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 October 2018 08:32:07 UTC


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Sales 2021 69 548 M 11 160 M 11 160 M
Net income 2021 458 M 73,5 M 73,5 M
Net Debt 2021 14 601 M 2 343 M 2 343 M
P/E ratio 2021 54,1x
Yield 2021 -
Capitalization 25 147 M 4 034 M 4 035 M
EV / Sales 2021 0,57x
EV / Sales 2022 0,52x
Nbr of Employees 331 578
Free-Float 82,5%
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Number of Analysts 13
Last Close Price 136,15 DKK
Average target price 114,08 DKK
Spread / Average Target -16,2%
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Jacob Aarup-Andersen Chief Executive Officer
Kasper Fangel Group Chief Financial Officer
Adam Troels Bjerg Group Chief Operating Officer
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Cynthia Mary Trudell Independent Director
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