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Adecco Gross Profit up 5% in Q3 2015

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Adecco Group has announced its third financial quarter results for 2015, confirming revenues were EUR 5.7 billion, up 4% organically compared to the prior year. Gross profit was up 5% and SG&A excluding one-offs was up 2%, both organically. The EBITA margin excluding one-offs was 5.8%, up 40 bps compared to last year.

Alain Dehaze, CEO of the Adecco Group, said;

“Thanks to the efforts of our more than 32,000 colleagues and around 700,000 associates around the world, we delivered another excellent operating performance in the third quarter with further strong operating leverage.

“Southern Europe, Benelux and Emerging Markets continue to achieve very good revenue growth, while growth remains modest in our large markets in Western Europe, the USA and Japan. As previously stated, reaching our EBITA margin target of above 5.5% in 2015 depended on an acceleration in revenue growth in the second half of the year.

SOURCE: recruitment-international.co.uk