Adecco kicks off its Investor Days 2014 in Rome today
In a recent update, the Adecco Group, a leading workforce solutions provider, has shared its latest financial and strategic developments, as well as its outlook for the future.
The company's business in North America is holding up well, despite the weaker seasonal pick-up that has been observed in parts of Europe. This weaker seasonal pick-up is consistent with recent softer economic data in parts of Europe. However, a reacceleration of GDP growth is expected for next year, offering a promising outlook.
Underlying revenues increased by 5% organically and adjusted for trading days in the first two months of Q3 2014, indicating a steady growth trend. The seasonal pick-up in the business has been slightly weaker than normal in September, particularly in Germany and France.
The company remains optimistic about achieving its EBITA margin target, based on the good progress on six strategic priorities and continued price and cost discipline. The goal is to reach an EBITA margin of above 5.5% in 2015.
Further details about the company's progress and future plans will be revealed in the upcoming Q3 2014 results announcement on November 6, 2014, and Q4 2014 results announcement on March 11, 2015. The Annual General Meeting is scheduled for April 21, 2015.
The forward-looking statements in this release are not guarantees of future performance. Factors that could affect the Company's forward-looking statements include global GDP trends, changes in regulation, intense competition, integration of acquired companies, personnel and client retention, IT disruptions, and legal proceedings. Actual results could differ materially from the current expectations due to numerous factors.
For media inquiries, contact the Corporate Press Office. For further information, investors can reach out to the Investor Relations team at [email protected] or +41 (0) 44 878 89 89. The Investor Days will take place on September 24/25, 2014.
The CEO of the Adecco Group, Alain Dehaze, held the presentations and updated the current trading.
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