ISS posts Q1 loss due to IPO costs, keeps 2014 guidance

COPENHAGEN Wed May 14, 2014 2:16am EDT

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COPENHAGEN May 14 (Reuters) - Danish business services firm ISS, which launched its initial public offering (IPO) in March, reported on Wednesday a first-quarter net loss of 33 million Danish crowns ($6.1 million).

Adjusted for costs related to the IPO and a refinancing, the net profit for the first three months of 2014 amounted to 223 million crowns, up from 71 million in the first quarter last year.

The company kept its full-year 2014 guidance for revenue growth of between 3 and 4 percent, and an operating margin above 5.5 percent.

($1 = 5.4459 Danish Crowns) (Reporting by Ole Mikkelsen; Editing by Mark Potter)

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