TMF Group Holding B.V. Announces Certain Updated Information

Profession:TMF Group
 
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TMF Group Holding B.V., a global outsourced business services provider, today announced that it believed that its revenue for the second quarter of 2014 would be marginally higher than its revenue for the second quarter of 2013 and that its Adjusted EBITDA for the second quarter of 2014 would be marginally lower than its Adjusted EBITDA for the second quarter of 2013. We believe that EBITDA for the year ended December 31, 2014 will be above EBITDA for the year ended December 31, 2013. In connection with its agreement to acquire KCS Limited, an independent pan-Asian corporate services provider specialising in corporate accounting, corporate secretarial and payroll services, TMF Group Holding B.V. announced that post-acquisition it would seek to broadly align KCS Limited's results with its own operational metrics in that region. We expect the acquisition to be completed in the second half of 2014.

Cautionary Statement

The above information is not intended to be a comprehensive statement of our financial or operational results for the full year 2014. The preliminary estimates above were prepared based on a number of assumptions and estimates that are subject to inherent uncertainties and subject to change. Accordingly, our actual results for the full year 2014 may vary from our preliminary estimates above, and such variations could be material.

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