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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 CEST

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 2018 24 344 M
EBIT 2018 1 128 M
Net income 2018 759 M
Debt 2018 1 001 M
Yield 2018 4,41%
P/E ratio 2018 11,73
P/E ratio 2019 10,99
EV / Sales 2018 0,41x
EV / Sales 2019 0,37x
Capitalization 8 945 M
Chart ADECCO GROUP
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Adecco Group Technical Analysis Chart | ADEN | CH0012138605 | 4-Traders
Technical analysis trends ADECCO GROUP
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 20
Average target price 63,0 €
Spread / Average Target 21%
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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