Adecco gross profit up 5% in Q3 2015
"Southern Europe, Benelux and Emerging Markets continue to achieve very good revenue growth, while growth remains modest in our large markets in Western Europe, the USA and Japan. As previously stated, reaching our EBITA margin target of above 5.5% in 2015 depended on an acceleration in revenue growth in the second half of the year.
"In H2 2015, our organic revenue growth continues to be steady but is not accelerating sufficiently to achieve the EBITA margin target. Adecco will still deliver very strong profitability in 2015. With our continued commitment to price discipline, cost leadership, tight capital management and EVA, we remain confident that we have many opportunities for sustainable profitable growth in the coming years. Adecco has a very solid foundation in its excellent people and strong market positions, and we look forward to continuing to build on this to drive further success in the future.”