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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Adecco Group    ADEN   CH0012138605

ADECCO GROUP (ADEN)
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Adecco : buys life sciences staffing company Biobridges

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09/14/2017 | 07:25am CET

ZURICH (Reuters) - Adecco said on Thursday it was buying U.S.-life-sciences career manager Biobridges to expand its higher-margin professional staffing business.

Biobridges, whose revenues are expected to be about $35 million (26.52 million pounds) in 2017, helps workers find jobs in the pharmaceutical, biotechnology and medical device industries. Zurich-based Adecco did not give financial terms of the transaction.

"BioBridges is deep-rooted in the life sciences space," said David Alexander, president of the Adecco Group's North America Finance, Office and Healthcare businesses. "Together we willoffer highly specialised workforce solutions to an industry that truly has the potential to change the world."

(Reporting by John Miller, editing by John Revill)

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Financials (€)
Sales 2017 23 640 M
EBIT 2017 1 141 M
Net income 2017 712 M
Debt 2017 849 M
Yield 2017 3,53%
P/E ratio 2017 15,13
P/E ratio 2018 13,60
EV / Sales 2017 0,50x
EV / Sales 2018 0,47x
Capitalization 11 079 M
Chart ADECCO GROUP
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Adecco Group Technical Analysis Chart | ADEN | CH0012138605 | 4-Traders
Technical analysis trends ADECCO GROUP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 70,6 €
Spread / Average Target 9,2%
EPS Revisions
Managers
NameTitle
Alain Dehaze Chief Executive Officer
Rolf Hugo Dörig Chairman
Hans Ploos van Amstel Chief Financial Officer
Robert James Chief Information Officer
David Norman Prince Independent Non-Executive Director
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