TMF Group Holding B.V., 2014 Results

Profession:TMF Group
 
FREE EXCERPT

Operational Highlights 2014

Underlying1 revenue growth of 8.7% for the full year; Underlying EBITDA2 growth of 8.0% for the full year; We opened new offices in Switzerland, Russia, Greece, Qatar and a number of countries in Africa; During the course of 2014 we acquired: PT Tass Axia Solusi, an Indonesian payroll provider; KCS Limited, an independent pan-Asian corporate services provider specialising in corporate accounting and payroll services; and - GMG Trust, a South African provider of fiduciary services to the financial services industry. Post year-end, we concluded the acquisition of: Axiss International Management Ltd, a fiduciary service provider on the Cayman Islands. The acquisition is subject to approval of the Cayman regulator; PwC Apriori, a Brazilian corporate service provider. In December 2014 we agreed to sell the Fund Services activities of the Group to its management. TMF Group will retain a 10% share in the Fund Services business. The Fund Services segment is reported as discontinued operations in the annual accounts.  Financial Highlights Full year 2014

Group revenue up 11.2% to414.3 million (2013:372.6 million): o Corporate Services and Structured Finance Services up 12.8% and 6.4%...

To continue reading

REQUEST YOUR TRIAL