2016 Annual Report

2016 highlights
Delivering Progress
Performance highlights
Organic revenue growth 4%
Organic Revenue Growth
EBITA margin excluding one-offs 5.0%
Cash conversion 83%
Operating cash flow conversion
Dividend per share CHF2.40
Dividend per share
Great Place to Work® ranking 7th
Great Place To Work
Gross margin 18.8%
Gross Margin
Days Sales Outstanding 52days
Daily Sales
Net debt to EBITDA excluding one-offs 0.7x
Net debt to EBITDA excluding one-offs
Key milestones and
Great Place to Work®
recognition The Adecco Group ranked 5th in Europe and 7th in the 2016 World’s Best Multinational Workplaces selected from more than 6,000 participating companies.
EUR 300 million share buyback programme launched in March 2017. This is in addition to a proposed dividend per share of CHF 2.40 for 2016, which equates to approximately EUR 382 million.
Over 7,000 apprenticeships and internships provided Within our own operations and in cooperation with our clients, we provide work-based training to thousands of young people. We also promote such schemes through our involvement with the Global Apprenticeships Network (GAN).
‘Grow Together’ launched This is a business transformation initiative to drive growth, support gross margin, and enhance productivity, based on a deep-dive review working with a leading external partner.
Digital Strategy brought to market Our technology ventures are structured in the categories Digital Productivity, Digital Twins, and Digital Innovation. Solutions already launched include Adecco Analytics, Beeple, Talentoday, and WowooHR.
More than 7,000 elite athletes reached globally in 2016 through the International Olympic Committee (IOC) and International Paralympic Committee (IPC) Athlete Career Programmes in co-operation with The Adecco Group. The Programmes provide educational, career guidance and job placement support, ensuring athletes’ lifelong success.
Milestones and Achievements
Over 1 million people reached during our fourth annual ‘Street Day’ Almost 7,000 Adecco employees took to the streets across 53 countries and 670 cities on 17 March 2016, to give free career advice to jobseekers.
Penna Consulting acquired, Beeline VMS business merged with peer Penna further strengthens our global leadership in career transition, by adding the #1 position in the UK market. The Beeline merger with IQNavigator has created the world’s #1 independent VMS provider.
15,200 employees swam, ran and cycled for Win4Youth in 2016 reaching 4 million kilometres. A Group donation of EUR 427,809 was made to 9 Foundations supporting children’s development needs in Latin America, Asia, Middle East and Eastern Europe.
Full 2016 Annual Report