Adecco omzet Q3 2011: + 4%

Logo Adecco8 november 2011

Adecco zag de omzet over het derde kwartaal in 2011 toenemen tot EUR 5,270 miljard, een omzetstijging van 4 % ten opzichte van 2010.

Resutaten Q3 2011 versus Q3 2010
• Revenues of EUR 5.3 billion, up 7% in constant currency and organically
• Gross margin of 17.2%, down 60 bps year-on-year but up 30 bps sequentially
• SG&A well controlled, down 1% sequentially on an organic basis
• EBITA of EUR 226 million, up 2% in constant currency
• EBITA margin at 4.3%, down 20 bps
• Results include EUR 2 million costs related to the DBM acquisition and EUR 4 million negative impact from Nordics
• Net income of EUR 145 million, up 13%
• Strong operating cash flow of EUR 217 million in the first nine months of 2011

Patrick De Maeseneire, CEO van de Adecco groep: “Yet again we report solid revenue growth against a very strong third quarter last year. Not much changed in terms of the mix. General staffing still grew ahead of the professional segment. Our two largest markets, France and North America, delivered solid growth. Whereas general staffing in North America performed well, growth in professional staffing was disappointing. Germany, Italy and Emerging Markets maintained strong double-digit growth. Japan and Benelux performed better than the market. Nordics lagged behind due to our specific situation in Norway. The gross margin improved sequentially, but compared to the prior year was still impacted by the business mix. We did well on the cost side. Organically, SG&A was down 1% compared to the previous quarter. The EBITA margin was 4.3%, down 20 bps year-on-year. We know where we need to focus and are convinced we have the right measures in place to reach our mid-term EBITA margin goal of over 5.5%.”

Bron: Adecco, 8 november 2011

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