Adtech company Adecco hosts its annual Investor Days event in New York City during 2008.
In the midst of a challenging global economic climate, Adecco S.A., the world's leading HR services provider, has shared its outlook for the remainder of 2008.
The company, which boasts over 6,700 offices in more than 60 countries and territories, has experienced a 3% revenue decline in the first two months of the third quarter, excluding the impact of trading days, currency, and acquisitions. This trend is expected to continue in the USA and Canada, as well as in Europe and Japan, where a further market deceleration is anticipated.
Adecco S.A., a Fortune Global 500 company, remains focused on aligning its cost base with revenue developments due to the softening economic environment. Despite the challenges, the company is still aiming to achieve an EBITA margin in excess of 5.0% in 2009. However, with the economic situation worsening, this target becomes increasingly ambitious.
The management of Adecco S.A. provided a trading update during the company's Investor Days 2008, held in New York. For more detailed financial information, it is recommended to consult Adecco's official archived financial reports or contemporaneous market analysis reports from that period.
For those interested in staying updated on the company's progress, contact information for Adecco's Corporate Investor Relations is available at [email protected] or Tel. +41 (0) 44 878 89 25. For media enquiries, please contact [email protected] or Tel. +41 (0) 44 878 87 87.
As a global leader in staffing services, Adecco S.A. connects over 700,000 associates with clients each day, and is registered in Switzerland (ISIN: CH0012138605) and listed on the Swiss Stock Exchange (SWX: ADEN) and the Euronext Paris (EURONEXT: ADE).
In light of the challenging global economic climate, Adecco S.A., a Fortune Global 500 company and global leader in staffing services, is adjusting its cost base for revenue developments in the softening economic environment, with a focus on finance and investing. The company, which anticipates a further market deceleration in the USA, Canada, Europe, and Japan, is still aiming to achieve an EBITA margin in excess of 5.0% in 2009, although this target becomes increasingly ambitious due to the worsening economic situation.
