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Adecco SA ADR ADO

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    1. The Inside Scoop on Staffing Companies

      Headlines

      Fri, 25 Aug 2006

      capital of 18% over the last 13 years. Other temporary staffing firms that may also benefit include Manpower MAN and Adecco ADO . Adecco is the worldwide leader in temporary staffing, with Manpower not too far behind. These two firms have a strong

    2. Adecco's 2Q Results

      Commentary

      Tue, 22 Aug 2006

      Adecco 's ADO second-quarter 2006 earnings left us ..... temporary workers and professionals. Adecco continues its quest to increase the mix ..... boost profits over time, and we think Adecco will continue to benefit from its efforts

    3. Adecco's Operational Changes

      Commentary

      Thu, 9 Mar 2006

      Adecco ADO reported fourth-quarter and year-end ..... for its permanent placement employees. Adecco 's revenues increased 6.2% for the ..... buoyant goal at the expense of margins. Adecco 's profitability improved over last year

    4. Adecco Announces Acquisition

      Commentary

      Wed, 11 Jan 2006

      On Jan. 9, Adecco ADO announced that it will acquire 29% of ..... This deal will not change our opinion of Adecco or our fair value estimate of the firm ..... s three-month average share price. Adecco is paying a rich 30 times DIS Deutscher

    5. Adecco's 3Q Results Mixed

      Commentary

      Tue, 29 Nov 2005

      Adecco 's ADO third-quarter results, reported Nov. 16, were ..... operating margins are tracking ahead of our forecasts. Adecco 's revenue increased 7% over last year's third quarter. Adecco Staffing (88% of revenue) generated growth of

    6. Kelly Services' 3Q In Line

      Commentary

      Tue, 25 Oct 2005

      Kelly's own history and larger peers like Manpower MAN and Adecco ADO , declining to 16.2% from 16.3% last year. We think ..... s operating margins are roughly half those of Manpower and Adecco 's, and if this trend persists, we may have to lower our

    7. Adecco Has a Margin Predicament

      Commentary

      Mon, 29 Aug 2005

      Adecco 's ADO second-quarter results were relatively in line with our expectations ..... profitability will be difficult to achieve in tandem. Some of this is evident by Adecco 's U.S. operations. The company got rid of some lower-margin business

    8. Kelly Reports 2Q Results

      Commentary

      Tue, 2 Aug 2005

      operating margin continued to be fairly low compared with prior periods and also below those of major rivals like Manpower MAN and Adecco ADO . Although we don't forecast much margin expansion over the next five years, 1% margins at this point in the cycle still

    9. Adecco Seeing Slight Deceleration

      Commentary

      Fri, 3 Jun 2005

      Adecco 's ADO first-quarter 2005 results were largely ..... Important highlights in the quarter included Adecco 's French market (one third of the firm ..... our fair value estimate. Good news for Adecco is that its motion to dismiss was granted

    10. Adecco Completes Internal Review

      Commentary

      Wed, 13 Oct 2004

      Adecco ADO recently announced that internal investigations ..... finding anything financially material to the Adecco Group." We still think above-average ..... shareholder lawsuit continue. Our view that Adecco 's shares seem overvalued is unchanged

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