Adecco UK and Ireland buck the European trend
13 March 2013
Adecco’s UK and Ireland business bucked the trend across most of Europe as the international staffing giant announced its full-year results for 2012.
Wed, 13 Mar 2013
Adecco’s UK and Ireland business bucked the trend across most of Europe as the international staffing giant announced its full-year results for 2012.
UK revenues grew by 6% in constant currency, and the company continued to gain marketshare, says the company in a statement.
In contrast, Adecco chief executive officer Patrick De Maeseneire says: “Most of Europe was challenging, and we faced double-digit revenue declines in France, Italy and Iberia.
“We continue to be very focused on reaching our mid-term EBITA (earnings before interest, tax and amortisation) of above 5.5% [of revenue]. Based on the good progress on our six strategic priorities and more favourable economic conditions towards the end of 2013, we are convinced we will achieve this target in 2015,” continues De Maeseneire.
Among Adecco’s business lines, its engineering and technical business grew its revenue by 10% in constant currency terms.
Key results:
Adecco’s UK and Ireland business bucked the trend across most of Europe as the international staffing giant announced its full-year results for 2012.
UK revenues grew by 6% in constant currency, and the company continued to gain marketshare, says the company in a statement.
In contrast, Adecco chief executive officer Patrick De Maeseneire says: “Most of Europe was challenging, and we faced double-digit revenue declines in France, Italy and Iberia.
“We continue to be very focused on reaching our mid-term EBITA (earnings before interest, tax and amortisation) of above 5.5% [of revenue]. Based on the good progress on our six strategic priorities and more favourable economic conditions towards the end of 2013, we are convinced we will achieve this target in 2015,” continues De Maeseneire.
Among Adecco’s business lines, its engineering and technical business grew its revenue by 10% in constant currency terms.
Key results:
- For the full year, revenue fell by 3% in constant currency terms to €20.54bn (£17.85bn)
- After restructuring and restructuring costs EBITA was down 14% at €725m
- For Q4 2012 revenues were 5% lower at €5bn
- As reported last week by Recruiter, Adecco is the UK's best mid-sized recruitment company to work for, and the 24th-best across industries, according to a reported produced for The Sunday Times.
