Report
Emira Sagaama ...
  • Matthias Desmarais

Adecco : Un bon début d’année qui devrait rassurer sur la protection de la marge

>Recul organique au T1 2019 en ligne avec les attentes… - La croissance organique au T1 2019 est ressortie à -2% ajustée des jours ouvrés (vs -2.2% pour le consensus et -1.8% pour nous), i.e. en léger ralentissement séquentiel vs -0.5% au T4 2018 et alors que la base de comparaison est difficile (+6% au T1 2018). Comme chez Randstad et Manpower, la baisse s’est stabilisée en Europe (-3% au T1 en ligne avec le T4), et notamment dans les marchés les plus en difficultés ...
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
Emira Sagaama

Matthias Desmarais

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch