Adecco Group: Another quarter of strong EBITA margin expansion Donnerstag, 07. Mai 2015 - 07:00

Another quarter of strong EBITA margin expansion

Further gross margin improvement and continued good cost control

First quarter 2015 highlights

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

• Gross margin 19.1%, up 50 bps

• SG&A up 1% in constant currency and excluding prior year restructuring costs^[1]

• EBITA^[2] EUR 236 million, up 21% in constant currency and excluding prior year restructuring costs

• EBITA margin 4.6%, up 60 bps excluding prior year restructuring costs

• Net income attributable to Adecco shareholders up 45%, basic EPS up 49%

• Alain Dehaze will succeed Patrick De Maeseneire as Group CEO from September 1, 2015; Group CFO Dominik de Daniel has decided to leave Adecco