Adecco : Resilient margins amid challenging growth
>Slowdown in growth in Q2 in line with forecasts - Organic growth adjusted for the number of working days was in line with forecasts at 1e3% in Q2 2019 (ODDO BHF -2.9%, consensus -2.7%), showing a sequential slowdown as expected vs -2% in Q1 2019, despite the more favourable base of comparison. As at peers, Europe hampered growth with -5% in Q2, vs -3% in Q1, the most difficult markets being the same: the decline worsened in Germany (-15% in Germany, Austria and Switze...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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