Adecco omzet Q2 2012: +1%

Logo Adecco

9 augustus 2012

De omzet van Adecco groeide in het tweede kwartaal met 1 % tot ruim 5,2 miljard euro, terwijl de nettowinst zakte met 20 procent tot 113 miljoen euro.


• Revenues of EUR 5.2 billion, up 1%
• Gross margin at 17.7%, up 80 bps year-on-year
• SG&A slightly below the prior year, organically and before integration and restructuring costs
• EBITA before integration and restructuring costs at EUR 194 million
• EBITA margin at 3.7%, down 20 bps year-on-year before integration and restructuring costs
• Net income of EUR 113 million, down 20%
• Operating cash flow of EUR 81 million in H1 2012 (EUR -30 million in H1 2011)

Adecco segmenten omzetpercentages wereldwijd Q2 2012

De Maeseneire
Patrick De Maeseneire: “I am pleased that our price discipline is paying off, leading to a 30 bps organic increase in the gross margin to 17.7%. At the same time, the cost base continued to be a key priority. SG&A was slightly down, on an organic basis and before restructuring and integration costs. And we achieved a solid EBITA margin of 3.7%, down 20 bps year-on-year before one-off costs. In terms of revenues, Q2 2012 was again characterised by a diverging picture geographically. Revenue growth in North America slightly accelerated to 2%. The UK also held up well as did the Emerging Markets, where we continued to see double-digit revenue growth. Our focus on profitability and optimisation of the business in France, coupled with more challenging market conditions, impacted revenue growth. Demand slowed in Germany and also further in Italy. In Japan, due to the completion of some large projects, organic growth was in negative territory. On the other hand, our outplacement and talent development business LHH returned to growth of 2% organically. We have a strong global platform for organic growth and a good business mix. Price discipline and the continued focus on cost optimisation remain key priorities for us and we are committed to our EBITA margin target of above 5.5% midterm.”

Bron: Adecco, 9 augustus 2012

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