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The Adecco Group talks growth strategy; reports adjusted revenue for July and August up 6%

September 22, 2017

The Adecco Group reported Friday it aims to accelerate organic revenue growth with plans to grow four times faster than global GDP by 2020, up from its prior goal of three times faster. The company provided the update in advance of its Capital Markets Day, held in London.

Revenue in July and August, which increased by 6% on an organic basis and adjusted for trading days, is in line with trends seen in the second quarter, the company said. And so far in September, volume growth indicates a continuation of this trend.

The Adecco Group also reported on what it describes as the two key pillars that underpin its strategy:

Its “GrowTogether” program will drive revenue growth and strengthen profitability by transforming the core of the business. The second pillar, its “Digital Ventures” program, will aim to capture new revenue opportunities and enhance profitability by expanding activities into higher-margin “new frontiers.”

The company said investments in both have begun and are holding back EBITA margin progression in 2017-18, but are expected to improve profitability and growth in 2019-20 and beyond.

“We have a clear vision for the successful future of the Adecco Group,” said CEO Alain Dehaze. “The megatrends shaping our industry bring exciting new opportunities for profitable growth. With our strategic agenda to perform, transform and innovate, we will capitalize on these opportunities. By strengthening the core of our business and leading in digital innovation, we will accelerate growth, enhance our margin and deliver increased total shareholder returns.”