Benelux +13% organische groei
ebita 6,2% stijging met 0,6%
despite the negative impact in Q3 2015 of costs related to management changes.
Frankrijk +1%
marge 7,3% stijging met 0,7%
Q3 2015 included a favourable one-time item, which added approximately 30 bps to the EBITA margin in France.
Duitsland + Oostenrijk +2%
Marge 8,9% stijging met 0,6%
As previously stated, reaching our EBITA margin target of above 5.5% in 2015 depended on an acceleration in revenue growth in the second half of the year. In H2 2015, our organic revenue growth continues to be steady but is not accelerating sufficiently to achieve the EBITA margin target. Adecco will still deliver very strong profitability in 2015, with the EBITA margin excluding one-offs expected to be approximately 5.2%.
For 2016, economic conditions in Adecco’s major markets are foreseen to be similar to 2015. Accordingly, the Group anticipates a continuation of current organic revenue growth trends. With this revenue development, the 2016 EBITA margin is anticipated to be similar to the EBITA margin excluding one-offs now expected in 2015.