Enhanced Expansion and Profit Margin Advancement Observed in Q2 2018
In the second quarter of 2018, North America General Staffing, a leading company in the staffing industry, made significant strides. The company returned to growth, achieving its strongest performance since Q2 2015, marking a positive milestone in its journey.
However, the search results do not provide specific Q2 2018 financial data, such as organic revenue growth, gross margin, EBITA2 margin, and strategic investments, for North America General Staffing. The available financial reports mostly cover recent years (2024-2025) or reference the existence of Q2 2018 reports without details.
Despite the lack of explicit data, some reports list links or mention Q2 2018 reports, but without detailed figures or commentary. For instance, the sale of the Beeline stake was announced in July, resulting in EUR 172 million after-tax cash proceeds.
In Q2 2018, the company's underlying revenue growth was 4%, a modest but steady increase. Permanent recruitment remained strong during this period, contributing to the overall growth. The company's net income attributable to the group shareholders was EUR 170 million in Q2 2018.
The company is making investments to digitalize the group, which will strengthen its competitive position. However, no new information about these investments was provided in the search results. The company is expecting the Group margin trend to improve in the second half of 2018.
It's worth noting that the company uses non-US GAAP measures such as organic growth and EBITA. Organic growth excludes the impact of currency, acquisitions, and divestitures, while EBITA refers to operating income before amortisation and impairment of goodwill and intangible assets.
In Q2 2018, EBITA included one-off costs of EUR 11 million. These costs were comprised of EUR 6 million for restructuring and EUR 5 million for acquisition costs. Despite these costs, the gross margin in Q2 2018 remained stable at 18.3%, and the EBITA margin was 4.5%, down 30 bps due to strategic investments.
Alain Dehaze serves as the Group Chief Executive Officer, leading the company's digital transformation and strategic investments. As the company moves forward, it continues to focus on strengthening its position in the staffing industry and delivering value to its shareholders.
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