Adecco : More sanguine on the growth environment and on prices, Neutral vs Reduce
>Positive read-across from peers on growth... - Manpower and Randstad's quarterly publications provide a positive read-across on Adecco's growth trend. 1/ The first observation is a stabilisation of the decline in Europe, particularly in France (flat organic growth trading days adjusted at Manpower and Randstad in Q1 vs -3% and -4% respectively in Q4 2018), the Iberian Peninsula and Italy (0% in Q1 at Randstad vs -4% in Q4, +1% in Q1 vs -1% in Q4 respectively). The de...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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