Adecco released a decent set of results with revenues in line with consensus but profitability slightly above them. The revenue growth mainly came from Permanent Placement even as Flexible placement remained flat. The counter-cyclical Career Transition remained impacted. On the profitability side, the group benefited from the favourable mix and better pricing. Also, good cost control helped EBITA margins. For FY21, the board will propose a dividend of CHF2.50. Lastly, the AKKA acquisition remain ....
