Adecco : Brighter margin prospects in H2
>Organic growth in line and reassuring guidance for Q3 - Adecco reported a slight increase in sales for Q2 (+1.3%), including a forex effect of -4% (Oddo BHF’s estimate: -3%) and a slightly positive calendar effect of +0.5%. Organic growth adjusted for the number of working days was in line with our estimate (4%, Oddo BHF’s estimate: 3.9%) but below that of the consensus (4.6%). The sequential deceleration vs Q1 was mainly due to southern Europe, as expected, with, no...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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