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Amsterdam, 26 October 2006
Operating Margin Gains Across All Regions in Q3 2006
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Zach Miles, Vedior's Chief Executive, said: "I am pleased that we have achieved a strong increase in operating profit at the same time as we are investing in the business for long-term growth
We continue to focus on improving profitability which has resulted in gross profit increasing faster than sales and an improved operating margin of 4.1%. In this respect, we have made particularly good progress in France, the Netherlands and Australia.
Our diverse business portfolio and strength in professional/executive recruitment continues to provide investors with consistent and stable growth."
HIGHLIGHTS FOR THE SECOND QUARTER
- Strong growth in operating income
- Growth in the UK including Education sector
- Operating margin up 46 basis points to 4.1%
- Acquisitions in the UK and Australia
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