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Amsterdam, 02 February 2006
Vedior Achieves 30% Increase in Earnings Per Share for 2005
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Zach Miles, Vedior's Chief Executive, said: "I am very pleased with the strong improvement in profits recorded for the year supported by our strategy of developing a diverse revenue stream. We remain fairly focused on achieving our financial targets and expanding our range of services through organic investment and a disciplined acquisition programme. During the year, we achieved strong increases in profitability in the US and the Netherlands as well as our 'Rest of Europe' and 'Rest of World' regions.
HIGHLIGHTS FOR THE FOURTH QUARTER
- Operating margin improves to 3.8% (Q4 2004: 3.6%)
- Strong growth in permanent placement fees; up 26%
- Three acquisitions completed (making eight acquisitions for the year)
HIGHLIGHTS FOR THE YEAR
- Organic sales growth 7%
- Organic operating income growth 11%
- Pick up demand in the Netherlands and other parts of continental Europe
- Strong growth in the US, Australia and Latin America, and rapid expansion in India and Eastern Europe
- Global network extended to 44 markets (2004:37)
- Earnings per share of €.82, a 30% increase from the prior year
- Proposed dividend of €.25, a 25% increase from 2004
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