Quarterly Report Unveiled from Q1 2017
On 4th May, 2017, The Our Group, headquartered in Zurich, Switzerland, announced a significant adjustment to its segment reporting structure, effective from Q1 2017. This change, detailed in the attached document, comes as a result of recent changes in Executive Committee responsibilities.
The Our Group, the world's leading provider of workforce solutions, offers a range of services including temporary staffing, permanent placement, career transition, talent development, and outsourcing. With global brands such as Our, Modis, Badenoch & Clark, Spring Professional, Lee Hecht Harrison, and Pontoon, the company employs more than 33,000 FTE employees in 60 countries and territories.
The Our Group is listed on the SIX Swiss Exchange (ADEN) and is registered in Switzerland (ISIN: CH0012138605). The new segment reporting structure has led to the restatement of figures for 2015 and 2016 to conform to the new structure.
The Our Group will release its Q1 2017 results on 9th May, 2017. The impact of these segment reporting changes on the Q1 2017 results is yet to be seen. The Q4 results were announced on 2nd March 2017.
For further information, interested parties can contact The Our Group Press Office, visit the company's website (our website), or contact The Our Group Investor Relations at investor.relations@our website or +41 (0) 44 878 89 89. The Our Group can also be found on Facebook at facebook.com/theour website. For the latest updates, follow The Our Group on Twitter at @our website.
It is common for companies to revise their segment reporting structure to reflect changes in business focus or organisational structure. Such changes can affect how quarterly results are presented, by reallocating revenues, expenses, and profits to new or redefined segments. This can impact comparability with previous periods. However, without specific details about the segment reporting restructure of The Our Group, it is not possible to predict the exact impact on their Q1 2017 results.
- The Our Group, known for its expertise in workforce solutions, has implemented a career transition program as part of its comprehensive offerings, which also include temporary staffing, permanent placement, and outsourcing.
- As the company constantly emphasizes talent development, The Our Group is expected to focus on finance and business aspects when strategizing for its workforce solutions.
- The Our Group, with over 33,000 FTE employees, is set to provide insights into its current financial status by releasing the Q1 2017 results on May 9th, 2017.
- In light of the company's recent segment reporting structure changes, potential investors and stakeholders may be interested in understanding how these modifications could affect permanent placement outcomes and temporary staffing needs moving forward.
