Intertrust N.V. reports Q1 2018 results

Amsterdam, the Netherlands - 26 April 2018 - Intertrust N.V. ("Intertrust" or "Company") [Euronext: INTER], a leading global provider of high-value trust, corporate and fund services, today publishes its first quarter 2018 results.

Q1 2018 Highlights

• Revenue was EUR 120.1 million, resulting in underlying growth of 2.6% year-on-year.
• Adjusted EBITA amounted to EUR 45.3 million, up 2.4% on an underlying basis.
• Adjusted EBITA margin at 37.7% from 38.0% in Q1 2017.
• Strong cash generation resulted in cash from operating activities of EUR 67.7 million.
• Adjusted EPS increased 4.2% to EUR 0.37 (Q1 2017: EUR 0.36).
• EUR 50 million share repurchase programme ongoing. Up to 31 March 2018, around 71% of programme completed (2,252,071 shares repurchased for total aggregate consideration of EUR 35.4 million).
• Segment reporting is changed as of 1 January 2018 to align with the current management structure: Americas replaces Cayman as a key jurisdiction and now includes Cayman Islands, Bahamas, Brazil, BVI, Curacao and USA.