Adecco delivers record Q4 profitability with a 5.3% margin Mittwoch, 11. März 2015 - 07:00

Fourth quarter 2014 highlights

• Revenues up 4% year-on-year and up 2% in constant currency

• Gross margin 18.9%, up 60 bps

• SG&A excluding restructuring costs¹ up 2% yoy and up 2% sequentially, both in constant currency

• EBITA² excluding restructuring costs EUR 272 million

• EBITA margin excluding restructuring costs 5.3%, up 50 bps

• Strong cash flows from operating activities

Full year 2014 highlights

• Revenues EUR 20.0 billion, up 3% year-on-year and up 4% in constant currency

• Gross margin 18.5%, up 20 bps

• SG&A excluding restructuring costs up 3% in constant currency

• EBITA excluding restructuring costs EUR 965 million

• EBITA margin excluding restructuring costs 4.8%, up 40 bps

• Net income attributable to Adecco shareholders up 14%, basic EPS up 17%

• Proposed 2014 dividend of CHF 2.10 per share, up 5% compared to last year