In Q3 17, revenues increased 1.5% to €5.9bn and gross profit remained stable at around €1.09bn. The gross margin declined from 18.7% to €18.5%. EBITDA grew 9.2% to €321m and the EBITA margin improved from 5.1% to 5.4%. EBIT, however, dropped 35.4% to €184m and the EBIT margin declined from 4.9% to 3.1%, mainly driven by an impairment charge of €129m (trademarks). Net income dropped 28.7% to €123m (estimates: €218.5m). The impairment charges of €129
07 Nov 2017
Less dynamic growth in Q4 17 expected
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Less dynamic growth in Q4 17 expected
Adecco Group AG (0QNM:LON) | 3,100 0 0.0% | Mkt Cap: 5,221m
- Published:
07 Nov 2017 -
Author:
Heinz Steffen -
Pages:
2
In Q3 17, revenues increased 1.5% to €5.9bn and gross profit remained stable at around €1.09bn. The gross margin declined from 18.7% to €18.5%. EBITDA grew 9.2% to €321m and the EBITA margin improved from 5.1% to 5.4%. EBIT, however, dropped 35.4% to €184m and the EBIT margin declined from 4.9% to 3.1%, mainly driven by an impairment charge of €129m (trademarks). Net income dropped 28.7% to €123m (estimates: €218.5m). The impairment charges of €129