Q4 HIGHLIGHTS
- Revenues +3% sequentially, +1% yoy organic TDA1, led by Modis +14%
- Gross profit +7% organic yoy; led by Adecco +7% and LHH's Recruitment Solutions +c.35%
- 20.7% gross profit margin driven by portfolio, favourable mix and pricing
- EBITA excluding one-offs2 €259 million; 4.7% margin, reflecting cost discipline while investing in growth
- Operating income €191 million; Net Income €184 million; Basic EPS €1.11, up 21% yoy
FULL YEAR HIGHLIGHTS
- Revenues +9% yoy organic TDA1; Gross profit +15% organic yoy
- Leading gross profit margin of 20.4%, driven by portfolio, favourable mix and pricing
- EBITA excluding one-offs2 €953 million; 4.6% margin sector-leading
- Operating income €780 million; Net Income €586 million; Basic EPS €3.62
- Cash flow from operating activities €722 million; cash conversion 83%
- Good strategic delivery: GBU organisation put in place; AKKA acquisition announced; LHH re-brand underway
- Acquisition of majority stake in AKKA completed; good line of sight on €15 million 2022 EBITA synergies
- Proposed dividend per share
CHF 2.50 , composed ofCHF 1.25 gross plusCHF 1.25 from reserves not subject to withholding tax
FULL PRESS RELEASE
The
Unless otherwise noted, all growth rates in this release refer to same period in prior year.
[1] On an organic and trading days adjusted basis.
[2] For further details on the use of non-GAAP measures in this release, refer to the Financial Information section and the Additional Information Section of the 2020 Annual Report.
PDF - https://mma.prnewswire.com/media/1753090/Adecco_Group_Q421_Results.pdf
Logo - https://mma.prnewswire.com/media/1197818/The_Adecco_Group_Logo.jpg
View original content to download multimedia:https://www.prnewswire.com/news-releases/q4--fy21-results-301489146.html
SOURCE The
© Canada Newswire, source