Financial Outcomes for the Fourth Quarter and Entire Year 2021
The Adecco Group, a global leader in human resource solutions, has announced impressive year-over-year growth across several key financial metrics for the full year. Despite the ongoing challenges posed by the global pandemic, the company has demonstrated resilience and adaptability.
According to the latest reports, the group's gross profit increased organically by 15% year-over-year, reaching a margin of 20.4%. This growth was supported by a 9% increase in revenues and a 4.6% EBITA margin, excluding one-offs, which totalled €953 million.
One of the standout performers within the Adecco Group was Modis, a leading provider of IT and engineering services. Modis delivered a 14% increase in revenues sequentially and a 7% increase in gross profit organically year-over-year.
Another significant development was the successful completion of the AKKA acquisition. The group has a good line of sight on €15 million 2022 EBITA synergies from this acquisition.
LHH's Recruitment Solutions also made a significant contribution to the group's performance, with a 35% increase in gross profit organically year-over-year.
However, it's important to note that specific financial performance data for Modis, LHH's Recruitment Solutions, or their overall company results in terms of revenue, gross profit, and profit margins for Q4 and FY21 are not currently available.
Looking ahead, Alain Dehaze, group CEO, expressed optimism about the outlook for 2022, stating that he expects healthy demand for the group's services. He also emphasised the company's commitment to investing in sustainable, profitable growth.
For comprehensive insights into the financial performance of the Adecco Group, including detailed figures for Modis and LHH, it is recommended to consult the official Adecco Group annual and quarterly financial reports for FY21 and Q4. These reports typically include segment performance breakdowns, providing precise numbers on revenue, gross profit, and profit margins.
The Adecco Group plans to invest in sustainable, profitable growth as they anticipate healthy demand for their services in 2022, aligning their focus with a strategy for business expansion. In the realm of recruitment solutions, LHH delivered a notable 35% increase in organic gross profit year-over-year, suggesting a significant impact on career transition initiatives.
