Annual Report 2015

Key figures

Historical data

Download xls sheet

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

2015

2014

2013

2012

2011

 

Statement of operations data

Revenues

22,010

20,000

19,503

20,536

20,545

Gross profit

4,179

3,703

3,560

3,674

3,566

EBITA excluding one-offs [1], [2]

1,147

965

854

813

834

EBITA

1,081

928

821

725

814

Net income attributable to Adecco shareholders

8

638

557

377

519

 

Other financial indicators

Cash flow from operating activities

799

785

520

579

524

Free Cash Flow [3]

702

705

439

491

415

Net debt [4][5]

1,039

971

1,091

967

889

 

Key ratios (as % of revenues)

Gross margin

19.0%

18.5%

18.3%

17.9%

17.4%

SG&A ratio [6]

14.1%

13.9%

14.0%

14.4%

13.4%

EBITA margin excluding one-offs

5.2%

4.8%

4.4%

4.0%

4.1%

EBITA margin

4.9%

4.6%

4.2%

3.5%

4.0%

 

Per share figures

Basic EPS in EUR

0.05

3.62

3.09

2.00

2.72

Diluted EPS in EUR

0.05

3.61

3.08

2.00

2.72

Cash dividend in CHF

2.40 [7]

2.10

2.00

1.80

1.80

 

Number of shares

Basic weighted-average shares

172,526,685

176,267,821

180,511,706

188,393,511

190,671,723

Diluted weighted-average shares

172,712,214

176,589,179

180,781,433

188,555,377

190,805,080

Outstanding (year end)

170,314,225

173,448,569

178,138,000

184,609,768

170,448,401

[1]EBITA is a non-US GAAP measure and is defined as operating income before amortisation and impairment of goodwill and intangible assets.

[2]Excluding restructuring and integration costs: EUR 11 million in 2015, EUR 37 million in 2014, EUR 33 million in 2013, EUR 88 million in 2012, and EUR 20 million in 2011. In 2015, in addition, excluding contractual obligations related to changes in the Executive Committee of EUR 10 million and the write-down of capitalised software of EUR 45 million.

[3]Free Cash Flow is a non-US GAAP measure and is defined as cash flow from operating activities minus capital expenditures.

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

[5]Due to the adoption of ASU 2015-03 – Presentation of debt issuance costs in 2015, the December 31, 2014, 2013, 2012, and 2011 figures were restated. Debt issuance costs previously shown in ‘Other assets’ are now shown net with their related debt in ‘Long-term debt, less current maturities’.

[6]Excluding amortisation and impairment of goodwill and intangible assets.

[7]Proposed by the Board of Directors.