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EUR millions except EPS and DPS Q3 2020 Q4 2020 FY 2020 FY 2021 FY 2022
Revenues 4,664 5,196 19,180 20,848 20,818
Organic % chg. YoY -18.7% -11.5% -16.6% 9.4% 4.7%
Organic % chg. YoY TDA -18.8% -11.5% -16.7% 9.4% 4.6%
Reported % chg. YoY -20.9% -12.8% -16.8% 8.7% 4.7%
Gross profit 889 989 3,659 4,007 4,201
Gross margin 19.1% 19.0% 19.1% 19.2% 19.3%
SG&A adjusted1 -753 -794 -3,098 -3,185 -3,265
EBITA, adjusted1 137 195 561 823 937
EBITA margin, adjusted1 2.9% 3.8% 2.9% 3.9% 4.3%
One-offs -20 -16 -79 -55 -52
EBITA 117 179 482 768 885
Net income attributable adjusted1 91 - 332 546 630
Net income attributable 71 - -4 458 549
Basic EPS adjusted1 (EUR) 0.56 - 2.03 3.38 3.95
Basic EPS (EUR) 0.43 - -0.03 2.84 3.44
DPS (CHF) - - 2.32 2.40 2.47
Net debt (cash) at EOP - - 450 534 461

1. Excluding one-offs and amortisation of intangible assets.
2. Q4 consensus has been implied from FY 2020 consensus less Q1 2020 actuals and Q2/Q3 2020 consensus.


Number of analysts participating for consensus: 15 for Q3 2020, 12 for FY 2020, 12 for FY 2021 and 12 for FY 2022


Note: due to the low number of inputs, Q4 2020 is calculated as a difference between the FY 2020 consensus and the year-to-date actuals plus Q3 2020 consensus


Updated on October 22, 2020


This document has been compiled by The Adecco Group for information purposes only and it is not intended to constitute an investment or any other kind of advice. This document is based on estimates and forecasts of various analysts regarding revenues, earnings and other business developments of The Adecco Group. The Adecco Group gives no guarantee, representation or warranty and it is not responsible or liable as to its accuracy and/or completeness. The Adecco Group assumes no responsibility to verify or update the information contained on this page. Any opinions, forecasts, estimates, projections or predictions regarding The Adecco Group's performance made by the analysts who have contributed are exclusively theirs and they do not represent the opinions, forecasts, estimates, projections or predictions of The Adecco Group. Please note that this consensus does not constitute a solicitation to buy, hold or sell securities. Consensus on The Adecco Group's financial results is also available from other sources, such as Bloomberg and Thomson Reuters and they could differ from what is reported above due to the different analysts involved, timing at which the data is collected and/or other reasons. The Adecco Group does not assume any liability for any potential discrepancy.