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Adecco Q3 2012 omzet -5%

Adecco Q3 2012 omzet -5%

Adecco heeft haar resultaten bekend gemaakt over het derde kwartaal. De winst daalde met 18% tot 118 miljoen euro. De omzet daalde met 5% tot circa 5,3 miljard euro.

De afzwakkende markt in Europa drukte op de resultaten.

In de Verenigde Staten was de markt voor Adecco beter, dankzij de technologiesector.

Patrick De Maeseneire, CEO of the Adecco Group said: “Our focus on price discipline continues to show in our results. I am pleased to report an increase of 50 bps organically of our gross margin to 17.9%. At the same time, we remained disciplined on the cost-side. SG&A was down 2% year-on-year organically and excluding restructuring costs. As a consequence the EBITA margin was up 10 bps to 4.4%, when excluding the restructuring costs. Looking at developments from a geographical viewpoint, we continue to witness diverse trends across our markets. In France, we maintained good profitability despite declining revenues. In North America revenue growth accelerated to 3% organically also driven by good growth in the IT segment. The UK held up well and we outperformed the market in Germany. Organic growth in Japan further weakened, as last year’s results included a few large projects. Elsewhere, we performed well in the Benelux against the market and the same holds true for the Nordics. In Italy and Iberia, the revenue decline rate stabilised. Growth of LHH, our career transition and talent development business accelerated to 9% organically in Q3 2012, with strong profitability. While the outlook remains uncertain, we are convinced we have the global reach, a strong combination of businesses and a disciplined approach to pricing and cost control which will get us to our EBITA margin target of above 5.5% midterm.”

Bron: Adecco.com, 6 november 2012 en telegraaf.nl, 6 november 2012

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