Report
Konrad Zomer

Adecco : Strong pickup towards the end of the year

>Strong pickup in organic revenue growth towards the end of the year - Adecco reported strong 4Q results, with an organic revenue decline of 5% in 4Q, compared with -15% in 3Q. In December 2020, organic revenue growth had picked up to -2%, and in its outlook it says that January 2021, organic revenue growth was also -2%, with February volumes in-line with that. N-America, the UK & Ireland grew 6% in general staffing, with the UK up 32% (e-commerce), while North Americ...
Underlying
Adecco Group AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Konrad Zomer

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