Tag Archives: Netherlands

Continued solid growth for first nine months of 2018 reported by ISS Group

ISS, the global provider of facility services, has published its interim financial report for the first nine months of 2018. Organic growth stands at 3.2% in the first nine months and 3.4% in Q3 (Q2 2018: 3.2%), supported by contract launches and the expansion of global key account contracts as well as continued demand for non-portfolio services.

Total revenue decreased by 0.9% in the first nine months and 0.7% in Q3 (Q2 2018: 1.6%). The decrease in the first nine months was driven by negative currency effects of 4.1% partly offset by organic growth, while effects from acquisitions and divestments were flat for the first nine months.

Operating margin of 4.9% in the first nine months (2017: 5.4%) and 6.1% in Q3 (Q3 2017: 6.3%) reflects contracts phasing in and out, albeit less than for previous quarters. The net impact of acquisitions and divestments as well as currency translation effects was negative by 3 bps for the first nine months and positive by 6 bps for Q3.

Operating profit before other items amounted to DKK 2,901 million in the first nine months (2017: DKK 3,203 million), including negative currency translation effects of DKK 132 million, and DKK 1,189 million in Q3 (Q3 2017: DKK 1,249 million).


Jeff Gravenhorst

Net profit (adjusted) decreased to DKK 1,387 million in the first nine months of 2018 (2017: DKK 1,820 million), mainly due to lower operating profit before other items, higher other income and expenses, net and higher financial income and expenses, net.

Net profit was DKK 437 million in the first nine months (2017: DKK 1,501 million) mainly as a consequence of goodwill impairment due to re-measurement of businesses classified as held for sale in the Netherlands, Argentina and Uruguay as well as France.

Cash conversion

Cash conversion over the last 12 months is 91% (Q2 2018: 97%) due to the mobilisation of Deutsche Telekom and the timing of collections and payments. Excluding the mobilisation of Deutsche Telekom, the cash conversion was 95%.

Free cash flow was an outflow of DKK 960 million for the first nine months (2017: an inflow of DKK 2 million), mainly driven by changes in working capital and lower cash flow from operating activities including the mobilisation of Deutsche Telekom and negative currency translation effects.

Net debt was DKK 13,971 million at 30 September 2018 (30 September 2017: DKK 13,913 million). Leverage at 30 September 2018 was 2.9x (30 September 2017: 2.7x), impacted by lower operating profit before other items mainly driven by negative currency translation effects. Capital allocation and leverage objectives for the business remain unchanged.

Revenue from key accounts amounts to 56% of Group revenue in the first nine months (H1 2018: 53%). Revenue from global key accounts decreased by 3% in constant currency in the first nine months and represents 13% of Group revenue (H1 2018: 12%).

Revenue generated from IFS increased by 9% in constant currency in the first nine months of 2018 leading to a total share of 40% of Group revenue (H1 2018: 39%).

The Group is committed to maintain a nominal ordinary dividend paid in 2019 at least equal to 2018.

Comment from the Group CEO

Jeff Gravenhorst, Group CEO at ISS, said: “We continued to deliver solid organic growth supported by contract launches and expansions within our strategic segments. In Q3, we extended our contract with Nordea for five years. In addition, we won TSB Bank in the UK and successfully expanded the Post Nord contract across the Nordics. Our margins are in line with expectations and slightly lower compared to last year due to contract rotation. We continue to increase our focus on key accounts and refine our portfolio in line with our strategy. Our pipeline is good which, together with the launch of Deutsche Telekom, will support organic growth for the organisation going into 2019.”

Leave a comment

Filed under Risk Xtra

MAGIC dual motion detectors from Vanderbilt awarded prestigious NF, INCERT, IMQ and VdS approvals

Vanderbilt has announced that its range of MAGIC dual motion detectors has been awarded four prestigious European approvals. The popular range has gained approval in line with the latest editions of the relevant French NF standards as well as the TO-14 (INCERT) standards that are applicable in Belgium and the Netherlands, the Italian IMQ and the German VdS accreditation.

Considered one of the most important approvals in France, the NF standard confirms that products are suitable for use in applications where compliance is required by the end users of security systems and by their insurers.

Similarly, INCERT is recognised all over Belgium and the Netherlands where the markets demand high end products and systems.

IMQ is Italy’s most important certification body and a European leader in conformity assessments and laboratory testing for a diverse range of industries.

Vanderbilt’s MAGIC dual motion detectors have been awarded NF, INCERT, IMQ and VdS approvals

Vanderbilt’s MAGIC dual motion detectors have been awarded NF, INCERT, IMQ and VdS approvals

In addition, the MAGIC E-Bus device has also been approved in line with the EN50131 European Standards and also received German VdS approval.

These approvals come just 12 months after the MAGIC PDM-IXx12/T and PDM-IXx18/T dual motion detectors were launched in order to offer reliable detection of intruders and high false alarm immunity.

Their performance is based on an improved version of Vanderbilt’s Matchtec algorithm which combines passive infrared (PIR) and microwave (MW) channels to make “incredibly accurate” decisions on motion within a detection zone. The detectors perform well even under harsh conditions, such as in rooms with rapid and extreme temperature fluctuations that can create false alarms.

Within their future proof design, the intelligent processing routines used in the MAGIC dual motion detectors are said to provide “unrivalled” reliability. This is because the Matchtec algorithm analyses the relative strength of the PIR and MW signals received from a moving object to make sound decisions.

It’s possible to use multiple detectors in close proximity to each other since the algorithm reduces interference between the MW modules. As a result, they also comply with the new and significantly more demanding CE Regulations that came into force last year.

“The response to the MAGIC PDM-IXx12/T and PDM-IXx18/T dual motion detectors since they were launched last year has been phenomenal,” commented Alistair Enser, global sales director at Vanderbilt. “We’re delighted that they have now been awarded NF, INCERT, IMQ and VdS approvals. This is clearly testament to the quality of the range as these designations are only presented to products that have the highest standards of design and manufacture and offer Best in Class levels of operational performance.”

Leave a comment

Filed under Risk UK News

Europol and Microsoft enter new global partnerships in fight against cyber crime

Microsoft Corp has announced three new global partnerships with the Organisation of American States (OAS), Europol and FIS to increase co-operation between international law enforcement and the private sector in combating cyber crime and helping to build a safer Internet.

Microsoft officials signed Memorandums of Understanding with representatives of the three organisations during the company’s first annual Cybercrime Enforcement Summit, which brought together more than 60 leaders and experts from law enforcement, academia and the private sector to share legal and technical solutions aimed at confronting the global spread of cyber crime.

The conference follows on from the opening of the Microsoft Cybercrime Center, a state-of-the-art facility designed specifically to advance the global fight against cyber crime.

The agreements establish a framework for co-operation and are intended to spur collaboration and help Microsoft work with each of the three organisations to pursue criminal enterprises engaged in cyber crime.

Microsoft, the Organisation of American States, Europol and FIS anticipate that the collaboration will enable them to strengthen their forensic and technical analysis of malware and botnets, improve the assessment and investigation of emerging malware threats, enhance enforcement actions against cyber criminals and ultimately dismantle these criminal organisations.

Microsoft Corp has announced three new global partnerships with the Organisation of American States, Europol and FIS

Microsoft Corp has announced three new global partnerships with the Organisation of American States, Europol and FIS

Preying on consumers

“Cyber criminals are increasingly sophisticated in preying on consumers, including children and senior citizens,” said Brad Smith, Microsoft’s executive vice-president and general counsel. “These agreements will help the private and public sectors fight cyber crime more effectively while also protecting our customers’ privacy.”

Microsoft is excited to mark its first collaboration with the Organisation of American States. The OAS was established in part to strengthen collaboration among its member states, which currently includes all 34 independent states of the Americas.

The OAS is committed to developing a ‘culture of cyber security’ by taking effective, preventative measures to anticipate, address and respond to cyber attacks.

“There are no borders when it comes to cyber crime,” said OAS ambassador Adam Blackwell. “The criminals are located worldwide, making it impossible for any single organisation to fight cybercrime alone.”

Blackwell added: “We must harness the power of partnerships to have a greater impact against these criminals and keep the Internet safer for everyone.”

Microsoft often collaborates with law enforcement organisations. One example is the recent partnership with Europol to successfully disrupt the dangerous ZeroAccess botnet, which infected up to 2 million computers and stole millions of dollars from online advertisers.

Europol (which boasts its own European Cybercrime Centre (EC3) based at Europol headquarters in The Hague, Netherlands) has supported numerous major cyber crime operations involving malicious software and online child exploitation. This latest agreement solidifies Europol’s commitment to continue providing targeted and effective approaches to combat cyber crime in Europe.

“The ZeroAccess botnet disruption demonstrated the power of our combined efforts as our co-ordinated approach forced the cyber criminals in this case to walk away from their criminal enterprise,” said Europol’s assistant director Troels Oerting, who’s in charge of EC3.

“This kind of collaboration is the new model needed to attack cyber crime, and that is why we’re committed to working with Microsoft so we can take more aggressive action in the future.”

Financial crime: a serious cyber security threat

Financial crimes in particular pose a serious cyber security threat. As the world’s largest provider of financial technology, FIS is on the front line of the fight to maintain the cyber security of payments and financial transactions worldwide.

By signing this MoU, FIS is taking another step on behalf of its financial institution clients to help protect them against cyber crime.

“This partnership with Microsoft will help FIS to better protect its clients from cyber crime and make global financial transactions safer for our clients and their customers,” said Greg Montana, EVP and chief risk officer at FIS.

“We’re pleased to partner with companies like Microsoft which are taking aggressive action to address cyber crime at every opportunity. We look forward to a long and mutually beneficial relationship with Microsoft.”

More information about Microsoft’s efforts to fight cybercrime and the new Microsoft Cybercrime Center can be found at http://www.microsoft.com/news/presskits/dcu

About the Organisation of American States

The Organisation of American states is the world’s oldest regional organisation, dating back to the First International Conference of American States held in Washington DC from October 1889 to April 1890.

Today, the OAS brings together all 34 independent states of the Americas and constitutes the main political, juridical and social governmental forum in the Hemisphere.

In addition, it has granted permanent observer status to 67 states as well as to the European Union (EU).

About Europol

Europol is the European Union’s law enforcement agency whose main goal is to help achieve a safer Europe for the benefit of all EU citizens.

It does this by assisting the European Union’s Member States in their fight against serious international crime and terrorism.

About FIS

FIS is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 110 countries.

Headquartered in Jacksonville, FIS employs more than 39,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions.

First in financial technology, FIS tops the annual FinTech 100 list, is 434 on the Fortune 500 and a member of Standard & Poor’s 500® Index.

For more information about FIS visit: http://www.fisglobal.com

About Microsoft

Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realise their full potential.

For more information, news and perspectives from Microsoft visit the Microsoft News Centre at: http://www.microsoft.com/news

Leave a comment

Filed under IFSECGlobal.com News

Dutch Security and Justice Minister to open ASIS Europe 2014

ASIS International has announced that Ivo Willem Opstelten, Security and Justice Minister of The Netherlands, will give a Keynote presentation during the opening plenary of ASIS Europe 2014, which takes place on 2 April.

The 13th ASIS European Security Conference and Exhibition runs at The Hague in the Netherlands from 1-3 April.

Ivo Opstelten was appointed Security and Justice Minister on 14 October 2010. First, in the Rutte-Verhagen Government, then from 5 November 2012 in its successor, namely the Rutte-Asscher Government.

After graduating, Opstelten worked for the municipality of Vlaardingen between 1970 and 1972. He was then, successively, Mayor of Dalen (from 1972-1977), Doorn (1977-1980) and Delfzijl (1980-1987).

Ivo Opstelten

Ivo Opstelten

In 1987, Opstelten was appointed director general for public order and safety at the Ministry of the Interior. From 1992 he was Mayor of Utrecht, and then Mayor of Rotterdam between 1999 and 2008. Finally, Opstelten was acting Mayor of Tilburg from 2009 to 2010.

Formation of the Rutte-Verhagen Government

In 2010, from 4 August to 4 September and then again from 13 September to 7 October, Opstelten was the mediator in the negotiations that resulted in the formation of the Rutte-Verhagen Government. He joined that Ggovernment from 14 October 2010 as Security and Justice Minister.

Godfried Hendriks CPP, Member of the Board of Directors of ASIS International, said: “ASIS International is honoured by the participation of Minister Opstelten at ASIS Europe 2014. Such high-level participation can be seen as recognition of the leading role that ASIS holds in developing the security profession in the Netherlands and across Europe. ASIS believes that a continuous dialogue between practitioners and the public sector is critical to making the world a more secure place.”

Details on the conference

The 13th ASIS European Security Conference and Exhibition will cover a wide range of security issues in 44 high-level educational sessions divided over four parallel tracks.

The conference will also feature the following elements:

• Chief Security Officers (CSOs) Round Table Summit organised by the CSO Roundtable of ASIS International
• CEE Workshop focusing on security issues in Central and Eastern Europe
• Technology and Solutions Theatre specifically created for exhibitors to showcase their products, services and expertise
• Unrivalled networking opportunities at the Welcome Reception and at the President’s Reception, business lunches and networking breaks

Leave a comment

Filed under IFSECGlobal.com News