USG PEOPLE 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
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: USG People NV via Globenewswire
