Adecco delivers double-digit revenue growth in Q2 2010


Strong improvement in profitability while pricing is stabilising
 

Q2 HIGHLIGHTS (Q2 2010 versus Q2 2009)

• Revenues of EUR 4.6 billion, up 29% (+13% organically1)

• Gross margin of 17.8%, equal to Q2 2009 (-110 bps organically and adjusted2)

• SG&A increased by 8% (flat organically and adjusted)

• EBITA3 of EUR 175 million before integration costs (+46% organically and adjusted)

• EBITA margin at 3.8%, up 100 bps on an adjusted basis and excluding integration costs

• DSO at 53 days in Q2 2010, equal to Q2 2009