Adcco Group Releases Interim Report for 2019's First Half
Adecco Group Publishes Strong 2019 Half Year Report
The Adecco Group, a globally renowned HR solutions provider based in Zurich, Switzerland, has released its 2019 Half Year Report. This comprehensive financial report, publicly accessible online, offers insights into the company's performance for the first half of the year.
As a publicly traded company listed on the SIX Swiss Exchange (ADEN), the Adecco Group's financial performance is a testament to its success. In 2019, the group reported total sales growth of +10.4%, with organic growth (constant scope and exchange rate) at +2.6%. This growth indicates a steady expansion of the company's operations.
The adjusted operating profit for 2019 was €1,326 million, representing 20.0% of sales. This strong operational profitability underscores the group's efficiency and financial health. The net profit attributable to the group was €835 million in 2019, a significant figure that reflects the group's robust financial position.
The free cash flow was €1,044 million, representing 15.8% of sales. This solid cash generation capability is a positive sign for the group's financial stability and its ability to invest in future growth. The net earnings per share stood at €3.13, and a proposed dividend of €1.34 per share was announced.
As a Fortune Global 500 company, the Adecco Group continues to create shared value that meets social needs while driving business innovation. The group serves over 100,000 organizations with HR services and technology, and employs more than 700,000 people daily. With more than 34,000 employees in 60 countries, the group operates ten global brands: our, Adia, Badenoch & Clark, General Assembly, Lee Hecht Harrison, Modis, Pontoon, Spring Professional, Vettery, and YOSS.
The Adecco Group's culture of inclusivity, fairness, and teamwork empowers individuals and organizations. In 2018, the group was ranked number 5 on the Great Place to Work® - World's Best Workplaces list, a testament to its commitment to its employees.
The 2019 Half Year Report was published on August 8, 2019, in Zurich, Switzerland. For those interested in precise half-year figures, including revenue, profit margins, and segment performance for the first six months of 2019, it is best to consult The Adecco Group’s official 2019 Half Year Report directly from their investor relations website or SEC filings.
The Adecco Group's 2019 financial performance showed solid growth and profitability, reflecting a healthy financial position that likely sustained into the half-year period.
- The strong 2019 Half Year Report published by Adecco Group offers insights into the company's business and finance performance during the first half of the year.
- The adjusted operating profit for 2019, representing 20.0% of sales, indicates the group's efficiency and financial health in terms of business operations and finance management.
