
Adecco: adjusted EBITA margin stable in Q2
(CercleFinance.com) - Adecco has reported Q2 2024 adjusted EPS that is down 5% to E0.
64 (-1% at constant exchange rates), with its EBITA margin excluding exceptional items stable at 3.1%, reflecting disciplined cost management.
The Swiss human resources services group's sales fell 3% to E5.84bn, including a 2% decline in organic terms and adjusted for working days, but with a market share gain of 375 basis points.
For Q3, Adecco expects revenue growth to be similar to the previous quarter, both organically and adjusted for working days, and a modest sequential reduction in general and administrative expenses excluding exceptional items.
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64 (-1% at constant exchange rates), with its EBITA margin excluding exceptional items stable at 3.1%, reflecting disciplined cost management.
The Swiss human resources services group's sales fell 3% to E5.84bn, including a 2% decline in organic terms and adjusted for working days, but with a market share gain of 375 basis points.
For Q3, Adecco expects revenue growth to be similar to the previous quarter, both organically and adjusted for working days, and a modest sequential reduction in general and administrative expenses excluding exceptional items.
Copyright (c) 2024 CercleFinance.com. All rights reserved.