USG People NV : Q4 2015 results
(Thomson Reuters ONE) -
POSITIVE TREND CONTINUES
Q4 2015: REVENUE +12%; EBITA +30%
FY 2015: REVENUE + 8%; EBITA + 26%
Almere, 26 February 2016
Fourth-quarter 2015 Hightlights
· Revenue rose 11.9% to ? 677.3 million (Q4 2014: ? 605.1 million);
revenue per working day up 10.7%
· Growth in revenue per working day in the Netherlands accelerated to
13.2% (Q3 2015: 12.1%)
· Underlying expense ratio improved to 14.8% (Q4 2014: 16.0%)
· Underlying EBITA increased 29.9% to ? 36.1 million (Q4 2014: ? 27.8
million); underlying EBITA margin rose to 5.3% (Q4 2014: 4.6%)
· Underlying net income rose to ? 23.8 million (Q4 2014: ? 19.5 million)
FY 2015 Highlights
· Revenue rose 8.3% to ? 2,550.7 million (2014: ? 2,355.0 million)
· Underlying gross profit rose 5.8% to ? 520.6 million (2014: ? 492.1
million)
· Underlying expense ratio improved by 100 basis points to 15.6% from
16.6% in 2014
· Underlying EBITA increased by 26.2% to ? 109.4 million (2014: ? 86.7
million)
· Underlying net income rose to ? 65.3 million (2014: ? 51.9 million)
· Leverage ratio improved to 1.2 from 1.7 in 2014
"The positive trend in our results continued in the fourth quarter," said Rob
Zandbergen, CEO of USG People. "Our revenue increased by 12% and there was a
high rate of conversion to underlying EBITA, which improved by 30%. We achieved
double-digit growth in the Netherlands and Belgium and outperformed the market
in all four countries. Effective cost management in combination with the revenue
growth enabled us to comfortably achieve our stated target for improving our
cost structure. Costs as a percentage of revenue fell by another full percentage
point in 2015. Our staff achieved a good performance in several respects, both
in the area of commercial and operational excellence and in realising our
ambition to provide innovative solutions for our clients. The execution of our
strategy led to highly satisfactory returns in 2015. If the proposed public
offer by Recruit for our shares, announced on 22 December, is declared
unconditional USG People will continue as a unit of a globally operating
organisation. Linking up with Recruit will enable us to further accelerate our
growth and develop our positioning on the continental European market more
rapidly. I would like to thank all our employees for their commitment and the
contribution they have made to the good results in the past year."
The full press release including appendices is enclosed as PDF
Q4 2015 results:
http://hugin.info/130803/R/1989502/730733.pdf
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: USG People NV via GlobeNewswire
[HUG#1989502]
Unternehmensinformation / Kurzprofil:
Datum: 26.02.2016 - 07:01 Uhr
Sprache: Deutsch
News-ID 453515
Anzahl Zeichen: 3427
contact information:
Town:
Almere
Kategorie:
Business News
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