Financial press Release

Adecco delivers record Q4 profitability with a 5.3% margin

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Adecco delivers record Q4 profitability with a 5.3% margin

Revenue growth into Q1 2015 shows improving trend

 

Fourth quarter 2014 highlights

•   Revenues up 4% year-on-year and up 2% in constant currency

•   Gross margin 18.9%, up 60 bps

•   SG&A excluding restructuring costs1 up 2% yoy and up 2% sequentially, both in constant currency

•   EBITA2 excluding restructuring costs EUR 272 million

•   EBITA margin excluding restructuring costs 5.3%, up 50 bps

•   Strong cash flows from operating activities

 

Full year 2014 highlights

•   Revenues EUR 20.0 billion, up 3% year-on-year and up 4% in constant currency

•   Gross margin 18.5%, up 20 bps

•   SG&A excluding restructuring costs up 3% in constant currency

•   EBITA excluding restructuring costs EUR 965 million

•   EBITA margin excluding restructuring costs 4.8%, up 40 bps

•   Net income attributable to Adecco shareholders up 14%, basic EPS up 17%

•   Proposed 2014 dividend of CHF 2.10 per share, up 5% compared to last year

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