2016-11-08
Zurich, Switzerland, November 8, 2016: the Adecco Group, the world's leading provider of workforce solutions, today announced results for Q3 2016. Revenues were EUR 5.8 billion, up 3% organically compared to the prior year. Gross profit was up 1% and EBITA excluding one-offs was down 3%, both organically. The EBITA margin excluding one-offs was 5.5%, down 30 bps. Net income attributable to Adecco shareholders was EUR 173 million and basic EPS was EUR 1.02.
Alain Dehaze, CEO of the Adecco Group said: "Thanks to the engagement of our colleagues and associates, the Adecco Group delivered another good performance in Q3 2016. We maintained our revenue momentum, with organic growth of 3% in the quarter and 4% in September. Our cost discipline continued and we improved underlying productivity.
While delivering these results, we made further progress in deploying our strategic priorities. We are strengthening our competitive position, working with leading partners to streamline our processes and upgrade our customer-facing and back office IT. We are also acting on areas of underperformance, improving the performance of businesses currently operating below their potential, and exiting those that structurally cannot achieve our goals.
One of our strategic priorities is inspiring talented people to join, stay, and grow with the Adecco Group, and so we were delighted to be placed 7th in the ranking of the World's Best Multinational Workplaces, according to Great Place to Work® and Fortune. This recognizes that the Adecco Group's culture of trust, informality, and team collaboration is appreciated by our colleagues – people who every day are proud of improving the lives of others through work."
