Adecco has published sales of 6109 ME for the 4th quarter, down 2% on a reported basis compared to the same period a year earlier (+1% in organic terms).
Operating income for the quarter was up 65% (+74% organic) to €187 million, with net income up 6% to €68 million, giving adjusted EPS of €0.75 (-1%).
For the full year, the Group posted sales of E23.9 bn (+1% reported, +3% organic), for net earnings of ME325, down 5% and below expectations. Adjusted EPS for 2023 came to 2.99 euros, down 9%.
Finally, Adecco reports that since the start of the year, Group volumes are slightly below fourth-quarter 2023 levels.
"The Group intends to continue to capture market share in a difficult macroeconomic environment in the first quarter of 2024, while managing resources with agility, focusing on productivity and overhead and administrative cost savings," it says.
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Adecco Group AG, formerly Adecco S.A., provides human resource (HR) services. The Company's services include temporary staffing, permanent placement, outsourcing, career transition. It operates through two business lines: Staffing and Solutions. The Staffing business line includes General Staffing, which includes Office and Industrial, and Professional Staffing, which includes Information Technology, Engineering and Technical, Finance and Legal, and Medical and Science. The Solutions business line includes Business Process Outsourcing, which includes Managed Service Programs, Recruitment Process Outsourcing and Vendor Management System, and Career Transition and Talent Development, which includes outplacement, career development, change management solutions, training and consulting. Its segments include France, North America, UK & Ireland, Germany & Austria, Japan, Italy, Benelux, Nordics, Iberia, Australia & New Zealand, Switzerland, Emerging Markets and Lee Hecht Harrison.
ADECCO GROUP AG 
