Adecco Group Volumes Have Stabilised
Nov 5 (Reuters) -ADECCO GROUP AG ADEN.S:
Q3 2024 REVENUE EUR 5.7 BILLION, DOWN 4% REPORTED YOY
Q3 2024 GROSS PROFIT EUR 1.1 BILLION, DOWN 9% REPORTED
Q3 2024 OPERATING INCOME EUR 162 MILLION, DOWN 12% REPORTED
Q3 2024 NET INCOME EUR 99 MILLION, DOWN 4% REPORTED
Q3 2024 GROSS PROFIT MARGIN 19.4%, DOWN 90 BPS REPORTED
Q3 2024 FCF EUR 82 MILLION, DOWN 167 MILLION REPORTED
FOR Q4 2024, THE GROUP EXPECTS ITS REVENUES (YOY, ORGANIC TDA BASIS), GROSS MARGIN AND SG&A EXPENSES RATIO TO BE SIMILAR TO Q3 2024
MANAGEMENT IS INCREASING G&A SAVINGS WHILE PROTECTING SALES AND DELIVERY CAPACITY TO CPATURE MARKET SHARE
EXPECTS ITS YEAR-END NET DEBT TO BE SIMILAR TO THE PRIOR YEAR-END LEVEL
Q3 2024 SG&A EXPENSES EXCLUDING ONE-OFFS EUR 925 MILLION, DOWN 6% REPORTED
VOLUMES HAVE STABILISED
Further company coverage: ADEN.S
(Gdansk Newsroom)
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