Brazil: TMF Group holding BV Q3 2015 results
Last Updated: 26 November 2015

Operational Highlights Q3 2015

  • Integration of PwC Brazil's outsourcing division (acquired in Q1 2015) proceeding in line with plan.
  • Employee numbers (FTE) now exceed 6,000.

1. Financial Highlights Q3 2015

Group revenue up 13.6% to €119.4 million (Q3 2014: €105.1 million):

- Corporate Services, Structured Finance and Private Client Services up by 13.9%, 16.2% and 6.7% respectively;
- EMEA, Americas and APAC region up by 12.0%, 41.0% and 23.1% respectively;

  • Group EBITDA increased 3.8% to €30.3 million (Q3 2014: €29.2 million);
  • EBITDA margin reached 25.4% (Q3 2014: 27.8%);
  • Net loss decreased by €4.7 million to €7.5 million (Q3 2014: €12.2 million);
  • Cash generated from operating activities (excluding associates) increased by €0.8 million to €28.0 million (Q3 2014: €27.2 million) and was equal to 91.5% of EBITDA (Q3 2014: 93.2% of EBITDA).

2. Financial Highlights YTD September 2015*

  • Group revenue up 20.8% to €362.1 million (YTD September 2014: €299.8 million):
    - Corporate Services, Structured Finance and Private Client Services up by 21.0%, 23.0% and 15.1% respectively;
    - EMEA, Americas and APAC region up by 13.3%, 41.5% and 66.2% respectively;
  • Group EBITDA increased 16.9% to €93.9 million (YTD September 2014: €80.3 million);
  • EBITDA margin reached 25.9% (YTD September 2014: 26.8%);
  • Net loss increased by €0.4 million to €28.0 million (YTD September 2014: €27.6 million);
  • Cash generated from operating activities (excluding associates) increased by €13.5 million to €96.1 million (YTD September 2014: €82.6 million) and was equal to 102.3% of EBITDA (YTD September 2014: 102.9% of EBITDA).

View the complete press release here..

View the full financial report here.

Please visit our Investor Relations for more information.

*In this press release all income statement and FTE related figures are presented with associates included on a full consolidation basis ('management basis'). All other information (e.g. cash flow and balance sheet) is presented on a statutory basis. The statutory basis includes the result of associates using equity accounting.

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