Adecco’s Q3 results were in line with the consensus estimates on revenues, marginally below on gross profit and above them on EBITA, net income and organic growth. Revenue growth was supported by Adecco and Akkodis. The gross margin hardly budged and EBITA was affected primarily by higher investment in the business. CFO was lower due to reduced profits and a higher working capital requirement. For the Q4, the group expects the gross margin and SG&A expenses to be broadly in line with their Q3 20 ....
