Adecco : Another difficult half-year period in prospect
>Q4 results better-than-expected on the margin, growth in line - Q4 organic growth adjusted for the number of working days is in line with expectations at -1% (vs -0.4%e for Oddo BHF and -0.8% for the consensus), with a slowdown vs Q3 (+1.8%) due to Europe as expected. The regions that are slowing most are generally the same as at Randstad, except that Adecco is underperforming the market in Germany and Benelux (9% decrease in Germany, Austria and Switzerland vs -2% ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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