Annual Report 2014

Key figures

Historical data

Download xls sheet

for the fiscal years in EUR millions (except share and per share information)

2014

2013

2012

2011

2010

 

Statement of operations data

Revenues

20,000

19,503

20,536

20,545

18,656

Gross profit

3,703

3,560

3,674

3,566

3,329

EBITA excluding restructuring and integration costs [1], [2]

965

854

813

834

755

EBITA

928

821

725

814

722

Net income attributable to Adecco shareholders

638

557

377

519

423

 

Other financial indicators

Cash flow from operating activities

785

520

579

524

455

Free cash flow [3]

705

439

491

415

350

Net debt (year end) [4]

975

1,096

972

892

751

 

Key ratios (as % of revenues)

Gross margin

18.5%

18.3%

17.9%

17.4%

17.8%

SG&A ratio [5]

13.9%

14.0%

14.4%

13.4%

14.0%

EBITA margin excluding restructuring and integration costs

4.8%

4.4%

4.0%

4.1%

4.0%

EBITA margin

4.6%

4.2%

3.5%

4.0%

3.9%

 

Per share figures

Basic EPS in EUR

3.62

3.09

2.00

2.72

2.20

Diluted EPS in EUR

3.61

3.08

2.00

2.72

2.17

Cash dividend in CHF [7]

2.10 [6]

2.00

1.80

1.80

1.10

 

Number of shares

Basic weighted-average shares

176,267,821

180,511,706

188,393,511

190,671,723

192,113,079

Diluted weighted-average shares

176,589,179

180,781,433

188,555,377

190,805,080

195,596,325

Outstanding (year end)

173,448,569

178,138,000

184,609,768

170,448,401

174,702,026

[1]EBITA is a non-U.S. GAAP measure and is defined herein as operating income before amortisation of intangible assets.

[2]Excluding restructuring and integration costs: EUR 37 million in 2014, EUR 33 million in 2013, EUR 88 million in 2012, EUR 20 million in 2011, and EUR 33 million in 2010.

[3]Free cash flow is a non-U.S. GAAP measure and is defined herein as cash flow from operating activities minus capital expenditures.

[4]Net debt is a non-U.S. GAAP measure and comprises short- and long-term debt, less cash and cash equivalents and short-term investments.

[5]Excluding amortisation of intangible assets.

[6]Proposed by the Board of Directors.

[7]Paid in the following year.