FINANCIALS: Adecco delivers solid results against worsening backdrop

International staffing giant Adecco delivered a solid set of results in 2019.

Against a backdrop of growing uncertainty and market slowdown, but before the coronavirus began to wreak real havoc across the world economy, key indicators of the company’s financial performance remained virtually unchanged.

While chair of the board Rolf Dörig and CEO Alain Dehaze noted slowing economic growth in the US and Europe, they said “the strides we have made to transform the company, with enhanced digital tools and processes, combined with a focus on moving up the HR solutions value chain, meant that our EBITA margin modestly improved and operating profits were broadly stable year-on-year. 

“Disciplined fiscal management ensured that cashflow and the balance sheet remained strong, allowing the Group to continue to make important strategic investments in IT and digital, while also returning significant capital to shareholders.”

The UK & Ireland contributed 9% of the group’s revenue against 52% for the rest of Europe, 19% USA and Japan and rest of the world 18%.

Key Financials   2019                    2018
Revenues     €23,427m (£21,559m)  €23,867m 

Gross profit   €4,504m (£4,144m)     €4,433m
EBITA margin    4.2%                    4.1%

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is [email protected]

Recruitment drive helps Snakebyte gaming firm expand in UK

Snakebyte, a global supplier of consumer electronics and gaming accessories, has announced plans to expand in the UK market in 2021.

17 November 2020

Salt South Africa opens office in Johannesburg

Global recruiter Salt has expanded further into South Africa by taking its offering into Johannesburg.

New to Market 17 November 2020

Gaming sector vacancies on the increase despite Covid pandemic

A new report by global recruiter Robert Walters and data provider Vacancysoft suggests that gaming has continued to climb high in hiring, even in the face of the Covid-19 pandemic.

11 November 2020

APPOINTMENTS: 19-23 OCTOBER 2020

This week’s appointments include: Flint Hyde, Harvey John, Lily Shippen Secretarial Recruitment, Mercer, New Street Consulting Group, Perkbox, The Portfolio Group, Walter James Group

People 19 October 2020
Top