Another quarter of strong EBITA margin expansion

May 07, 2015
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Another quarter of strong EBITA margin expansion

Further gross margin improvement and continued good cost control

First quarter 2015 highlights

 

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

•  Gross margin 19.1%, up 50 bps

•  SG&A up 1% in constant currency and excludingprior year restructuring costs[1]

•   EBITA[2] EUR 236 million, up 21% in constant currency and excluding prior year restructuring costs

•  EBITA margin 4.6%, up 60 bps excluding prior year restructuring costs

•  Net income attributable to Adecco shareholders up 45%, basic EPS up 49%

•  Alain Dehaze will succeed Patrick De Maeseneire as Group CEO from September 1, 2015; Group CFO Dominik de Daniel has decided to leave Adecco