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Adecco Q4 2010 - Press Release


Mar 3, 2011 

FY 2010 HIGHLIGHTS (2010 versus 2009)

  • Revenues of EUR 18.7 billion, up 26% (12% organically1)
  • Gross margin at 17.8%, down 10 bps (-90 bps organically and on an adjusted2 basis)
  • SG&A was flat on an organic and adjusted basis, driven by strict cost control
  • EBITA3 margin before integration costs at 4.1%, up 100 bps on an adjusted basis
  • DSO at 54 days in 2010 compared to 53 days in 2009
  • Proposed dividend of CHF 1.10 per share

 

Q4 HIGHLIGHTS (Q4 2010 versus Q4 2009)

  • Revenues of EUR 5.0 billion, up 32% (17% organically)
  • Gross margin of 17.9%, up 30 bps (-50 bps organically and adjusted)
  • SG&A increased by 19% (before integration costs +4%, organically and adjusted)
  • EBITA before integration costs of EUR 223 million (+51% organically and adjusted)
  • EBITA margin before integration costs at 4.5%, up 110 bps on an adjusted basis
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Press Release

Adecco reports strong results for 2010

Zurich, Switzerland, Mar 3, 2011

Double-digit revenue growth and strict cost control resulted in strong operating leverage