In Q3 16, revenues increased 2.4% to €5.81bn. Permanent placement grew by 5%, temporary staffing by 3% and outplacement revenues by 8%. By business line, revenues of professional staffing remained stable, however the business unit Medical & Science experienced the strongest growth rate of 10.2% to €108m. The gross margin declined from 18.9% to 18.7%. EBITDA dropped 10% to €315m and the EBITDA margin from 6.2% to 5.4%. EBIT also declined by 9.5% to €285m mainly due to a
17 Nov 2016
Performance driven by cost discipline
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Performance driven by cost discipline
Adecco Group AG (0QNM:LON) | 3,100 0 0.0% | Mkt Cap: 5,221m
- Published:
17 Nov 2016 -
Author:
Heinz Steffen -
Pages:
3
In Q3 16, revenues increased 2.4% to €5.81bn. Permanent placement grew by 5%, temporary staffing by 3% and outplacement revenues by 8%. By business line, revenues of professional staffing remained stable, however the business unit Medical & Science experienced the strongest growth rate of 10.2% to €108m. The gross margin declined from 18.9% to 18.7%. EBITDA dropped 10% to €315m and the EBITDA margin from 6.2% to 5.4%. EBIT also declined by 9.5% to €285m mainly due to a