Intertrust misses targets as attrition rates hurt productivity

(Reuters) - Dutch financial services company Intertrust said on Thursday its full-year underlying revenue growth fell short of its expectations, leading to a miss in core profit...

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Intertrust misses targets as attrition rates hurt productivity

(Reuters) - Dutch financial services company Intertrust said on Thursday its full-year underlying revenue growth fell short of its expectations, leading to a miss in core profit margin.

The group, which offers administrative services for companies setting up branches and entities in various jurisdictions, blamed a decline in the Netherlands, Luxembourg and the Cayman Islands over the fourth quarter.

"This was mainly due to lower productivity as a result of elevated employee attrition, which continued through the end of December," Intertrust said in a pre-released earnings update.

The group's underlying revenue growth came in at around 1.5% for the full year, against an initial estimate of 2% to 4%.

Its adjusted earnings before interest and taxes and amortisation (EBITA) margin reached about 30%, slightly below guidance of 31% to 32%.

Intertrust confirmed the around 1.8 billion euro ($2.06 billion) public offer for the firm by U.S.-based corporate services firm CSC was progressing as planned.

In November, it said it had received multiple expressions of interest from third parties, having earlier announced exclusive discussions with British private equity firm CVC Capital Partners.

CVC Capital pulled out of those talks in December.

Intertrust is scheduled to announce fourth-quarter and full-year results on February 10.

($1 = 0.8740 euros)

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16-01-2022 23:52:46 (UTC+7)

EUR/USD

1.1421

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EUR/USD

1.1421

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GBP/USD

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114.42

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AUD/USD

0.7208

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USD/CAD

1.2537

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EUR/JPY

130.67

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4.4220

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Crude Oil WTI Futures

83.45

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86.09

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Natural Gas Futures

4.299

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US Coffee C Futures

239.65

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Euro Stoxx 50

4,272.19

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Buy (8)

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S&P 500

4,662.85

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DAX

15,883.24

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US Small Cap 2000

2,161.48

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IBEX 35

8,806.60

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68.110

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Bayer AG NA

52.59

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Allianz SE VNA O.N.

227.00

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Adidas AG

252.35

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Deutsche Lufthansa AG

7.241

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145.86

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EUR/USD	1.1421	Buy
GBP/USD	1.3680	↑ Buy
USD/JPY	114.42	Buy
AUD/USD	0.7208	↑ Sell
USD/CAD	1.2537	Neutral
EUR/JPY	130.67	↑ Buy
EUR/CHF	1.0440	Neutral

Gold	1,819.25	Neutral
Silver	23.038	Buy
Copper	4.4220	↑ Sell
Crude Oil WTI	83.45	↑ Sell
Brent Oil	86.09	↑ Sell
Natural Gas	4.299	↑ Sell
US Coffee C	239.65	↑ Buy

Euro Stoxx 50	4,272.19	Buy
S&P 500	4,662.85	↑ Buy
DAX	15,883.24	↑ Buy
FTSE 100	7,542.95	Sell
Hang Seng	24,217.43	Neutral
Small Cap 2000	2,161.48	↑ Buy
IBEX 35	8,806.60	↑ Buy

BASF	68.110	Sell
Bayer	52.59	↑ Sell
Allianz	227.00	↑ Sell
Adidas	252.35	Buy
Lufthansa	7.241	↑ Buy
Siemens AG	145.86	Neutral
Deutsche Bank AG	11.954	Sell

Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG
SJC Eximbank	6,115/ 6,155 (-5/ -5) # 1,146
SJC HCM	6,110/ 6,170 (10/ 0) # 1,160
SJC Hanoi	6,110/ 6,172 (10/ 0) # 1,162
SJC Danang	6,110/ 6,172 (10/ 0) # 1,162
SJC Nhatrang	6,110/ 6,172 (10/ 0) # 1,162
SJC Cantho	6,110/ 6,172 (10/ 0) # 1,162
Cập nhật 16-01-2022 23:56:08
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ↀ Giá vàng thế giới
$1,819.77	+2.06	0.11%

ʘ Giá bán lẻ xăng dầu
Sản phẩm	Vùng 1	Vùng 2
RON 95-IV	24000	24480
RON 95-II,III	23900	24370
E5 RON 92-II	22910	23360
DO 0.05S	18380	18740
DO 0,001S-V	18730	19100
Dầu hỏa	17190	17530

ↂ Giá dầu thô thế giới
WTI	$83.45	+0.4	0.47%
Brent	$85.60	+0.45	0.52%

$ Tỷ giá Vietcombank
Ngoại tệ	Mua vào	Bán ra
USD	22.540,00	22.850,00
EUR	25.234,88	26.649,42
GBP	30.246,45	31.537,99
JPY	192,66	203,94
KRW	16,50	20,10
Cập nhật lúc 11:53:57 17/01/2022 Xem bảng tỷ giá hối đoái