Revenues increased 10.1% to €22.01bn and 4% at constant currency. Gross profit increased 12.9% to €4.18bn and the gross margin improved from 18.5% to 19%. EBIT before the impairment of €740m jumped 16.7% to €1.04bn and the EBIT margin increased from 4.5% to 4.7%. Net profit, however, plummeted from €640m to €8m mainly due to impairment charges of around €740m in Q3 15. Despite this steep profit decline, management increased the dividend by 14% from CHF2.10 t
09 Mar 2016
Performance driven by impairment charges and currency effects
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 impairment charges and currency effects
Adecco Group AG (0QNM:LON) | 3,100 0 0.0% | Mkt Cap: 5,221m
- Published:
09 Mar 2016 -
Author:
Heinz Steffen -
Pages:
3
Revenues increased 10.1% to €22.01bn and 4% at constant currency. Gross profit increased 12.9% to €4.18bn and the gross margin improved from 18.5% to 19%. EBIT before the impairment of €740m jumped 16.7% to €1.04bn and the EBIT margin increased from 4.5% to 4.7%. Net profit, however, plummeted from €640m to €8m mainly due to impairment charges of around €740m in Q3 15. Despite this steep profit decline, management increased the dividend by 14% from CHF2.10 t