USG People N.V.: Q3 2014 results
(Thomson Reuters ONE) -
Sharp improvement in profitability
Third-quarter 2014 results
Almere, 31 October 2014
Third-quarter 2014 highlights
* Revenue rose to ? 623.8 million (Q3 2013: ? 599.4 million); revenue per
working day increased by 5%
* Underlying operating expenses continued to decline, falling 4% year-on-year
* Underlying EBITA rose by 25% to ? 28.8 million (Q3 2013: ? 23.1 million);
underlying EBITA margin: 4.6% (Q3 2013: 3.9%)
* Underlying net income doubled to ? 17.7 million (Q3 2013: ? 8.9 million)
* Net debt declined to ? 189.3 million (Q2 2014: ? 205.8 million); leverage
ratio improved to 1.9
"We achieved a robust result for the third quarter," said Rob Zandbergen, CEO
of USG People. "Revenue per working day grew by 5% and the EBITA margin rose to
4.6%. The profit margin is evolving towards our strategic target. Revenue growth
weakened a little during the third quarter. Expenses were reduced further in the
third quarter and were ? 4 million lower than last year. Despite the more
unpredictable economic growth we expect the recovery in our markets to persist
and will continue to focus our attention on further improving profitability and
providing the right solutions to facilitate growth at our clients as effectively
as possible."
Download press release in pdf format:
http://hugin.info/130803/R/1867360/656135.pdf
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Source: USG People NV via GlobeNewswire
[HUG#1867360]
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2014 - 07:00 Uhr
Sprache: Deutsch
News-ID 348593
Anzahl Zeichen: 2083
contact information:
Town:
Almere
Kategorie:
Business News
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