1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. Adecco Group AG
  6. News
  7. Summary
    ADEN   CH0012138605

ADECCO GROUP AG

(ADEN)
  Report
Real-time Estimate Cboe Europe  -  11:09 2022-08-12 am EDT
33.93 CHF   +1.03%
08/04GLOBAL MARKETS LIVE : Bayer, Merck, eBay, MetLife, Eli Lilly...
MS
08/04New Adecco CEO says staffing group has fallen short in delivering growth
RE
08/04TRANSCRIPT : Adecco Group AG, Q2 2022 Earnings Call, Aug 04, 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

CLOSING THE GAP: PATHWAYS TO A POST-PANDEMIC RECOVERY IN LABOUR MARKETS

05/24/2022 | 03:58am EDT

It is well established that the modern CFO has a more strategic role to play in a business, but a clear action plan to achieve this is lacking. A key element of this is helping the business to deal with change. Some changes are planned: launching a new product or service, setting up operations in a new region or acquiring a competitor. Others may be unexpected: a major disruption to supply-chain operations, the emergence of new regulation and legal reporting requirements or the unpredictable impacts of global economic uncertainty.

Either way, when asked about the biggest challenges they face in executing their day-to-day activities, change is a recurring theme, according to a new survey of 800 CFOs and senior finance executives, conducted by The Economist Intelligence Unit. Managing unexpected changes to financial forecasts and adapting finance processes to rapidly evolving business models are top of mind.

Managing unexpected changes to financial forecasts and adapting finance processes to rapidly evolving business models are top challenges finance executives face in executing their day to-day activities.

Finance executives are also concerned with identifying how to align strategic, financial and operational plans towards common objectives and meaningfully analysing data across business units and regions. "All functions are working to meet these challenges and, as a finance head, we have to have visibility across all functions, how they are progressing [towards meeting goals] and ensuring that their direction is in line with overall strategic goals," says Lalit Malik, CFO of Dabur, an Indian consumer goods manufacturer. It is incumbent upon CFOs therefore to be prepared not only to help their own function navigate uncharted territory, but the rest of the business too. That means breaking down the silos that commonly exist in organisations, in order to collaborate closely across functions, sharing information and data in the pursuit of common objectives.

All functions are working to meet these challenges and, as a finance head, we have to have visibility across all functions, how they are progressing [towards meeting goals] and ensuring that their direction is in line with overall strategic goals - Lalit Malik, CFO of Dabur, an Indian consumer goods manufacturer.

The clear custodian of collaboration

There are a number of reasons why the role of leading cross-company collaboration around steering should fall to the CFO and their team. First, through the activities of budgeting, the finance function is the custodian of the clear, quantitative expression of management expectations and determines how resources such as cash and people will be allocated in order to achieve them. In our survey, 90% of respondents say that finance should facilitate collaborative enterprise planning to ensure that operational plans are aligned with financial and strategic plans.

Second, through performance management, the finance function is the gatekeeper for critical data that illustrate how well-or otherwise-the company is rising to the challenge of change. That includes data relating to sales, supply chain and delivery, which need to be reported back to the business in ways that help drive improved decisionmaking. Our survey reveals that companies in which finance executives feel empowered to drive strategic decisions across business functions are more likely to report a higher financial performance in fiscal year 2016/17 and 2017/18 and anticipate higher growth rates for 2019/20.

Download Complete Executive Summary PDF

Disclaimer

Adecco Group AG published this content on 24 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2022 07:57:05 UTC.


© Publicnow 2022
All news about ADECCO GROUP AG
08/04GLOBAL MARKETS LIVE : Bayer, Merck, eBay, MetLife, Eli Lilly...
MS
08/04New Adecco CEO says staffing group has fallen short in delivering growth
RE
08/04TRANSCRIPT : Adecco Group AG, Q2 2022 Earnings Call, Aug 04, 2022
CI
08/04Adecco Q2 revenue rises as hunt for skilled workers heats up
RE
08/04Staffing Group Adecco's H1 Profit Falls 37% Amid Lower Contribution from LHH Unit
MT
08/04ADECCO : Half year report 2022
PU
08/04ADECCO : 2022 Second Quarter Results Release
PU
08/04THE ADECCO GROUP : Half year report 2022
AQ
07/14Recruiter Hays posts 23% jump in quarterly fees
RE
06/27ADECCO : Completes share capital reduction
PU
More news
Analyst Recommendations on ADECCO GROUP AG
More recommendations
Financials
Sales 2021 20 942 M 21 625 M 21 625 M
Net income 2021 538 M 556 M 556 M
Net Debt 2021 493 M 509 M 509 M
P/E ratio 2021 10,3x
Yield 2021 6,72%
Capitalization 6 008 M 6 204 M 6 204 M
EV / Sales 2021 0,31x
EV / Sales 2022 0,36x
Nbr of Employees 37 979
Free-Float 93,6%
Chart ADECCO GROUP AG
Duration : Period :
Adecco Group AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ADECCO GROUP AG
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 34,58 €
Average target price 45,01 €
Spread / Average Target 30,2%
EPS Revisions
Managers and Directors
Denis Machuel Chief Executive Officer
Coram Williams Chief Financial Officer
Jean-Christophe Deslarzes Chairman
Ralf Weissbeck Group Chief Information Officer
David Norman Prince Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ADECCO GROUP AG-27.94%6 204
RANDSTAD N.V.-17.89%9 308
ROBERT HALF INTERNATIONAL, INC-27.22%8 750
PERSOL HOLDINGS CO., LTD.-17.16%4 806
MANPOWERGROUP INC.-16.65%4 197
STERLING CHECK CORP.5.75%2 090