Adecco’s Q2 organic growth of -3% was slightly below the street’s expectation at -2.7%, while the EBITA excluding one-offs of €265m came in above with a stable margin of 4.5%. Germany remain the major drag, still impacted by the automotive sector. The GrowTogether plan is on track. The Q3 outlook reflects a continuation of the Q2 trend.
08 Aug 2019
Resilient Q2 margins in a tough environment
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Resilient Q2 margins in a tough environment
Adecco Group AG (0QNM:LON) | 3,100 0 0.0% | Mkt Cap: 5,221m
- Published:
08 Aug 2019 -
Author:
Luis Pereira -
Pages:
3
Adecco’s Q2 organic growth of -3% was slightly below the street’s expectation at -2.7%, while the EBITA excluding one-offs of €265m came in above with a stable margin of 4.5%. Germany remain the major drag, still impacted by the automotive sector. The GrowTogether plan is on track. The Q3 outlook reflects a continuation of the Q2 trend.