Adecco: Q2 earnings down 6%
(CercleFinance.com) - Adecco Group has announced Q2 earnings that are down 6% to 159 million euros, or 0.
98 euro per share, with an EBITA margin excluding extraordinary items of 4.5%, for revenues that are down 2% at 5.92 billion euros (-4% in organic terms).
The Swiss human resources group says that the fall in revenues in organic terms reflects market conditions - particularly slower growth in Europe. However, the group points out a 70 basis point improvement in its gross margin to 19%.
“Our GrowTogether transformation programme underpinned robust productivity growth... We are on track to deliver our target of a further EUR70 million of productivity saving from GrowTogether in 2019," said group CEO, Alain Dehaze.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
98 euro per share, with an EBITA margin excluding extraordinary items of 4.5%, for revenues that are down 2% at 5.92 billion euros (-4% in organic terms).
The Swiss human resources group says that the fall in revenues in organic terms reflects market conditions - particularly slower growth in Europe. However, the group points out a 70 basis point improvement in its gross margin to 19%.
“Our GrowTogether transformation programme underpinned robust productivity growth... We are on track to deliver our target of a further EUR70 million of productivity saving from GrowTogether in 2019," said group CEO, Alain Dehaze.
Copyright (c) 2019 CercleFinance.com. All rights reserved.