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Record profits for Adecco Australia & NZ
Media Release
Record profits
for Adecco Australia & NZ with 42% EBITA growth
With revenue growth just shy of double digit across the group, impacted by the exit of low-margin business; a focus on efficiencies and continued cost discipline saw the Adecco Group Australia and New Zealand reach record profits of $A 24 million EBITA, a year-on-year growth of 42.1%.
Adecco Australia and New Zealand achieved full-year sales of $A 685m in the calendar year 2011, up 9.3% from 2010.
Jeff Doyle, Adecco Group CEO Australia and New Zealand said “Throughout 2011 we focused on delivering profitable sales growth and cost discipline whilst we continued to reengineer our business. Our transformation project will be completed in 2012; initially we saw our business crawl, then walk, now we’re beginning to run. I am proud of the results our team have delivered.”
"We have multiple large scale projects being rolled out this year. The Adecco Group will be utilising the latest technology across all functions in order to continue to build a competitive advantage.”
“With a solid sales pipeline, and a brand specialisation approach, we expect our earnings growth momentum to continue in 2012.”
For further
information on the Adecco Group visit www.adecco.com.au.
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