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Amsterdam, 27 October 2005
Profitable growth driven by strong performances in France, the US and Netherlands
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Zach Miles, Vedior's Chief Executive, said: "We have had a busy quarter, both in terms of acquisitions and organic developments. Vedior continued its organic investment in new businesses in Japan, the UK and US, as well as completing four acquisitions.
Profits in three of our key markets, France, the US and the Netherlands all showed a significant increase, driven by sales growth and improved operating efficiency. In the rest of the world, particularly strong performances were recorded in Latin America, Australasia and India. Profits in the UK were lower, mainly as a result of a slowdown in the traditional sector.
The business outlook in the majority of our markets is encouraging."
HIGHLIGHTS FOR THE THIRD QUARTER
- Sales up organically by 6% to €1,808 million
- Operating income up organically by 7%* to €66 million
- Professional/executive recruitment sales up 8% organically
- Permanent placement fees up 18% organically
- Net income increased by 25%* to €40 million
- Net income per share up by 26% to €0.24 (Q3 2004: €0.19*)
- New organic development initiatives in Japan
- Strategic acquisitions in the US, UK and Eastern Europe
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