Adecco: 26% fall in net figures for Q1
(CercleFinance.com) - For the first three months of 2018, Adecco publishes net income attributable to shareholders down 26% to 130 million euros, as well as a one-off EBITDA margin in decline by 100 basis points to 3.
The human resources group's turnover, at 5,692 million euros, levelled off to 1% in published figures but was up 6% in organic growth and adjusted for number of workdays, seeing a slight deceleration as compared with Q4 2017 (+7%).
Adecco specifies that the GrowTogether pact is in its investment phase in the first quarter of 2018 but anticipates realising productivity savings of 50 million euros over the whole of 2018, and 250 million per year horizon 2020.
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