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Adecco Group AG (AHEXY)
OTHER OTC:AHEXY
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.26Last Year’s EPS
0.41Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -21.41%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance. While the company demonstrated resilience in gross margin and strong cost management, revenue declines across several regions and high net debt present challenges. Positive growth in APAC and LatAm and significant market share gains provide a silver lining.Company Guidance
In the Adecco Group AG Q3 2024 conference call, the company reported €5.7 billion in revenues, which represented a 5% decrease on an organic trading days-adjusted basis and a 3% decrease on an organic basis. The gross margin was resilient at 19.4%, though it faced a 90-basis-point decline year-on-year due to lower volumes and country mix shifts. General and administrative (G&A) savings were significant, reducing G&A expenses by 10% year-on-year to 3.2% of revenues, supporting the group EBITA of €186 million and a 3.3% margin. Adjusted EPS was €0.68, while basic EPS was €0.59, both 3% lower year-on-year in constant currency terms. Net debt-to-EBITDA finished the quarter at 3.1 times, with cash flow from operating activities reaching €216 million year-to-date, achieving a cash conversion ratio of 72%. The company highlighted its strategic focus on simplifying operations, executing effectively, and capturing growth opportunities despite challenging market conditions.Resilient Gross Margin
The gross margin remained resilient at 19.4% despite lower volumes and a challenging market environment.
Strong G&A Savings and Cost Management
Achieved significant G&A savings with a run rate of over €170 million expected by the end of 2024, contributing positively to EBITA.
APAC and LatAm Growth
APAC revenues grew by 4%, with notable increases in Japan (8%), Asia (5%), and India (14%). LatAm saw a 12% increase in revenues.
Positive Cash Conversion
Cash conversion was solid at 72% over the last 12 months, indicating strong cash management.
Market Share Gains
Since launching the Simplify, Execute, and Grow agenda, the company achieved a relative revenue growth outperformance of 850 basis points.
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AHEXY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AHEXY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $15.65 | $14.69 | -6.13% |
| Aug 06, 2024 | $16.38 | $16.36 | -0.12% |
| May 07, 2024 | $17.81 | $17.67 | -0.79% |
| Feb 29, 2024 | $20.29 | $19.22 | -5.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Adecco Group AG (AHEXY) report earnings?
Adecco Group AG (AHEXY) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Adecco Group AG (AHEXY) earnings time?
Adecco Group AG (AHEXY) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AHEXY EPS forecast?
AHEXY EPS forecast for the fiscal quarter 2024 (Q4) is 0.26.
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