ADP published sales figures for the first 9 months of the year that slightly exceeded market forecasts. The continued rebound in traffic enabled the company to increase its sales by 22%. The strong upturn in traffic, particularly at international level, is changing the traffic mix, which we believe will create more value for the company. As the upturn in traffic was in line with the company’s expectations, the FY23 guidance was unchanged.

26 Oct 2023
Q3 23: a strong recovery as anticipated

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Q3 23: a strong recovery as anticipated
- Published:
26 Oct 2023 -
Author:
Loco Douza -
Pages:
3 -
ADP published sales figures for the first 9 months of the year that slightly exceeded market forecasts. The continued rebound in traffic enabled the company to increase its sales by 22%. The strong upturn in traffic, particularly at international level, is changing the traffic mix, which we believe will create more value for the company. As the upturn in traffic was in line with the company’s expectations, the FY23 guidance was unchanged.