ISS jumps after outlook hike, Deutsche Telekom settlement

Iss A/S

19/05/2026 12:23

** Shares in ISS ISS.CO up more than 4% after the Danish facility manager raised its full-year forecasts and settled a contractual dispute with Deutsche Telekom DTEGn.DE, extending their partnership to 2035

** ISS gave no financial details on the settlement, but raised its 2026 cash flow guidance to 3.1 billion Danish crowns ($482 million) from 2.5 billion, and increased its share buyback

** Nordnet analyst Per Hansen says the deal appears largely in ISS's favour, noting the 600-million-crown uplift in cash flow guidance is "precisely the amount at stake and in dispute"

** ISS shares up 28% year-to-date

($1 = 6.4274 Danish crowns)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))