Adecco : In a tough market, it is relatively easy to cut costs
>We raise our forecasts by 6-8% - This is a belated post-earnings note in which we raise our forecasts to reflect the better-than-expected Q2 results published on 3 August. On a group level, we raise our revenue and adjusted EBITA forecasts for 2023-2025 by some 6-8%. With 4% organic revenue growth in Q2 and 3% for H1, we now believe the company might be able to achieve positive organic revenue growth for the full year, and we raise our organic growth forecast from -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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