Adecco: Adjusted EPS down 20% in Q3
(CercleFinance.com) - Adecco reports adjusted EPS down 20% to E0.
68 for Q3 2024, with adjusted EBITA margin down 0.7 point to 3.3% on revenues of E5.7bn, down 5% organically and adjusted for working days.
"Third quarter performance was robust, against a high comparison base. The macroeconomic environment remains challenging, but I am encouraged to see that volume trends have stabilised", CEO Denis Machuel said.
"We made further G&A savings in the quarter, allowing us to lift the year-end run-rate", the HR services group added.
For the final quarter of 2024, Adecco anticipates revenues (year-on-year, organic and adjusted for working days), gross margin and SG&A ratio similar to those of Q3, including seasonality.
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68 for Q3 2024, with adjusted EBITA margin down 0.7 point to 3.3% on revenues of E5.7bn, down 5% organically and adjusted for working days.
"Third quarter performance was robust, against a high comparison base. The macroeconomic environment remains challenging, but I am encouraged to see that volume trends have stabilised", CEO Denis Machuel said.
"We made further G&A savings in the quarter, allowing us to lift the year-end run-rate", the HR services group added.
For the final quarter of 2024, Adecco anticipates revenues (year-on-year, organic and adjusted for working days), gross margin and SG&A ratio similar to those of Q3, including seasonality.
Copyright (c) 2024 CercleFinance.com. All rights reserved.