No Bad News is Good News for Recruitment Giant Adecco
At first glance recruitment leader and no-moat Adecco’s first-quarter results look dour, with organic revenues down 2% year over year and EBITA margins down markedly and sequentially versus the full-year 2018 result. Digging deeper however, the numbers were quite positive. EBITA margins are actually up 20 basis points year over year, given the seasonality in the business. Commentary over revenue growth indicates that despite the decline, currently there appears to be some stabilization in key Eu...Adecco Group provides human resource services, including temporary staffing, permanent placement, outsourcing, consulting and outplacement. Co. has more than 5,500 branches in over 60 countries and territories. Co.'s Office and Industrial businesses offer a range of general staffing services, including temporary staffing, permanent placement, assessment, training and integrated human resources applications. In addition, Co. operates professional business lines, which include Adecco Finance & Legal, Adecco Engineering & Technical, Adecco Information Technology, Adecco Medical & Science, Adecco Sales, Marketing & Events and Adecco Human Capital Solutions.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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