Adecco Group was founded in 1996 and is headquartered in Zürich, CH

CEO

CFO

Chief Marketing & Communications Officer

Chief Sales and Innovation Officer

Chief Human Resources Officer

Adecco Group has an office in Zürich

Zürich, CH (HQ)

30 Bellerivestrasse

Adecco Group's revenue was reported to be €6 b in Q2, 2017

EUR

## Revenue (Q2, 2017) | 6 b |

## Gross profit (Q2, 2017) | 1.1 b |

## Gross profit margin (Q2, 2017), % | 18% |

## Net income (Q2, 2017) | 192 m |

## EBIT (Q2, 2017) | 280 m |

## Market capitalization (28-Aug-2017) | 11.7 b |

## Closing share price (28-Aug-2017) | 69.7 |

## Cash (30-Jun-2017) | 1.1 b |

## EV | 12.7 b |

Adecco Group's current market capitalization is CHF11.7 b.

- Source: Company Filings

EUR | FY, 2014 | FY, 2015 | FY, 2016 |
---|---|---|---|

## Revenue | 20 b | 22 b | 22.7 b |

## Revenue growth, % | 10% | 3% | |

## Cost of goods sold | 16.3 b | 17.8 b | 18.4 b |

## Gross profit | 3.7 b | 4.2 b | 4.3 b |

EUR | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|---|---|---|

## Revenue | 5.1 b | 5.6 b | 5.7 b | 5.3 b | 5.7 b | 5.8 b | 5.7 b | 6 b |

## Cost of goods sold | 4.1 b | 4.5 b | 4.6 b | 4.3 b | 4.6 b | 4.7 b | 4.7 b | 4.9 b |

## Gross profit | 972 m | 1 b | 1.1 b | 1 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b |

## Gross profit Margin, % | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 18% |

- Source: Company Filings

EUR | FY, 2014 | FY, 2015 | FY, 2016 |
---|---|---|---|

## Cash | 695 m | 1.3 b | 1.1 b |

## Accounts Receivable | 3.7 b | 4 b | 4.3 b |

## Current Assets | 4.6 b | 5.3 b | 5.6 b |

## PP&E | 222 m | 192 m | 167 m |

EUR | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|---|---|---|

## Cash | 921 m | 1.1 b | 1.1 b | 753 m | 948 m | 1.1 b | 1.2 b | 1.1 b |

## Accounts Receivable | 3.9 b | 4.1 b | 4.1 b | 3.9 b | 4.2 b | 4.3 b | 4.3 b | 4.4 b |

## Current Assets | 5.1 b | 5.6 b | 5.6 b | 4.9 b | 5.5 b | 5.8 b | 5.7 b | 5.8 b |

## PP&E | 232 m | 230 m | 227 m | 180 m | 183 m | 175 m | 169 m | 168 m |

EUR | FY, 2014 | FY, 2015 | FY, 2016 |
---|---|---|---|

## Net Income | 640 m | 10 m | 725 m |

## Depreciation and Amortization | 129 m | 135 m | 119 m |

## Accounts Receivable | (38 m) | (186 m) | (319 m) |

## Accounts Payable | 106 m | 56 m | 205 m |

EUR | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
---|---|---|---|---|---|---|---|---|

## Net Income | 161 m | 339 m | (174 m) | 145 m | 335 m | 509 m | 177 m | 369 m |

## Depreciation and Amortization | 32 m | 65 m | 100 m | 30 m | 60 m | 90 m | 26 m | 54 m |

## Accounts Receivable | (49 m) | (319 m) | (347 m) | 10 m | (286 m) | (400 m) | (15 m) | (253 m) |

## Accounts Payable | (22 m) | 75 m | 155 m | (147 m) | (9 m) | 136 m | 11 m | 122 m |

EUR | Y, 2017 |
---|---|

## EV/EBIT | 45.4 x |

## EV/CFO | 37 x |

## EV/FCF | 42 x |

## Revenue/Employee | 181 k |

## Debt/Equity | 0.6 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 2.8 x |

Source: 525 public H-1B filings from Adecco Group