Earnings Call Summary | Adecco Group AG Unsponsored ADR(AHEXY.US) Q1 2024 Earnings Conference
Earnings Call Summary | Adecco Group AG Unsponsored ADR(AHEXY.US) Q1 2024 Earnings Conference
The following is a summary of the Adecco Group AG (AHEXY) Q1 2024 Earnings Call Transcript:
以下是Adecco Group AG (AHEXY) 2024年第一季度業績會議要點摘要:
Financial Performance:
金融業績:
Adecco reported a Q1 revenue of €5.7 billion, with an unchanged growth rate year-on-year.
The gross profit margin was 19.8%, sequentially higher by 20 basis points, but lower year-on-year by 100 basis points due to business mix and pricing.
EBITA of €157 million was reported, a margin of 2.8%.
An adjusted EPS of €0.59 showed an 18% decrease year-on-year, mainly due to lower business income.
A negative free cash flow of €93 million was reported, which was €72 million better than last year.
The net debt to EBITDA at the end of the quarter was at 2.7x, inline with management expectations.
Cash conversion ratio stood at 73%.
Adecco報告了57億歐元的第一季度營業收入,同比增長率保持不變。
毛利率爲19.8%,環比上升20個點子,但同比下降100個點子,原因是業務組合和定價。
EBITA爲1.57億歐元,利潤率爲2.8%。
調整後的每股收益爲0.59歐元,同比下降18%,主要原因是業務收入下降。
負的自由現金流爲9300萬歐元,比去年好了7200萬歐元。
季末淨債務與EBITDA之比爲2.7倍,符合管理層的預期。
現金轉換率爲73%。
Business Progress:
業務進展:
The company noted €26 million in net savings through their G&A savings program, a 13% reduction from their 2022 baseline.
The group announced a new organizational structure to streamline operations and optimize at local levels by mid-2024.
Portfolio actions incorporated Hired into LHH Recruitment Solutions.
20 AI-powered initiatives in the digital arena were scaled, offering significant potential for the future.
The company aims to continue gaining market share, with emphasis on productivity and G&A savings.
Adecco remains dedicated to its AI services, training future-focused skill sets such as Electric Vehicle transition and AI technologies.
Despite market obstacles, the executive team focuses on competitive outperformance, market share expansion, and disciplined execution.
The company presented a forecast for Q2 2024, expecting the gross margin to be in line with Q1 2024, and SG&A expenses to improve modestly.
Adecco plans to realize G&A savings of €150 million in H2, with the G&A program ending and CapEx trending lower.
Good B2B traction with General Assembly and offerings for training and upskilling are expected to gain momentum.
該公司通過其G&A節約計劃節省了2600萬歐元淨額,比2022年基準減少了13%。
該集團宣佈了一個新的組織結構,以在2024年中期優化和細分操作。
組合行動將Hired融入LHH招聘解決方案中。
數字領域的20個基於人工智能技術的計劃正在擴大,爲未來提供了巨大的潛力。
該公司旨在繼續增加市場份額,強調生產率和G&A節約。
Adecco致力於其人工智能服務,培訓未來的技能集,如電動汽車轉型和人工智能技術。
儘管市場面臨障礙,但管理團隊仍專注於競爭力的提高、市場份額的擴大和紀律性執行。
該公司預測2024年第二季度的毛利率將與2024年第一季度持平,SG&A費用將略有改善。
Adecco計劃在下半年實現1.5億歐元的G&A節約,G&A計劃結束,CapEx趨勢下降。
預計將取得與General Assembly相關的良好B2B市場反響,並提供培訓和技能升級服務。
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譯文內容由第三人軟體翻譯。