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Hudson Highland Group, Inc. (Nasdaq:HHGP), the US-based provider of permanent staffing, contract staffing and talent management services, which in 2008 generated 47% of its gross margin in Europe, has provided preliminary information about its fourth quarter 2009 results.
The company expects to report that revenue in the fourth quarter of 2009 was 8% above the third quarter of 2009, with improvements in temporary contracting and permanent placement in virtually all of its major markets. In addition, the company expects to report adjusted EBITDA of approximately breakeven for the fourth quarter of 2009.
According to Thomson Reuters quarterly revenue is expected at $183.2 million, above analysts' estimates of $177.4 million.
The company also expects to report re-organisation expenses of between $5.5 and $6 million and depreciation and amortization of approximately $3.2 million.