Adecco reported a weak set of results, broadly in line with expectations, except on the EBITA margin side (20bp above). The GrowTogether plan continued to support profitability (€140m in 2019), ahead of the group’s target, which positions Adecco on track to reach its €250m cost-savings target in 2020. Management confirmed the dividend per share at CHF2.5 (4.6% dividend yield on yesterday’s share price) and announced a share buy-back programme of €600m, to be complet
26 Feb 2020
No sign of stabilisation
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
No sign of stabilisation
Adecco Group AG (0QNM:LON) | 3,100 0 0.0% | Mkt Cap: 5,221m
- Published:
26 Feb 2020 -
Author:
Luis Pereira -
Pages:
3
Adecco reported a weak set of results, broadly in line with expectations, except on the EBITA margin side (20bp above). The GrowTogether plan continued to support profitability (€140m in 2019), ahead of the group’s target, which positions Adecco on track to reach its €250m cost-savings target in 2020. Management confirmed the dividend per share at CHF2.5 (4.6% dividend yield on yesterday’s share price) and announced a share buy-back programme of €600m, to be complet