Adecco is holding its Investor Days
Adecco is holding its Investor Days 2010 in Miami today
Miami, September 23, 2010: Adecco Group, the worldwide leader in Human Resource services, is holding its Investor Days 2010 in Miami today and is providing an update on current trading conditions. Adecco continues to see good demand in the majority of its markets and sees no signs of a slowdown. Revenues in July and August continued to develop inline with June, increasing by approximately 16% organically and adjusted for business days.
In the first two months of the third quarter of 2010, Adecco's revenues continued to grow double-digit, up approximately 16% organically and when excluding the business day impact. Demand remained robust across most markets with no signs of a slowdown and management continues to be confident in healthy demand progression near term.
While the company continues to exploit the much improved conditions, focus on diligent cost management and financial discipline is strongly maintained. At its Investor Days today, the management remains firmly committed to its mid-term EBITA margin target of above 5.5%. The results achieved in the recent quarters underline that the company is well on track.
The presentations held during the event will be available in the Investor Relations section of Adecco's website at the following address: