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Adecco Q1 Profit Climbs, Backs Margin View; Names Alain Dehaze CEO - Quick Facts

Swiss Human Resources solutions provider Adecco SA (AHEXY.PK,ADO.L) reported Thursday that its first-quarter net income attributable to Adecco shareholders climbed 45 percent to 160 million euros from 110 million euros last year. Earnings per share grew 50 percent to 0.92 euros from 0.62 euros a year ago.

Revenues grew 9 percent to 5.08 billion euros from 4.66 billion euros last year. Revenues increased 4 percent year-on-year in constant currency.

Looking ahead, the company said it continues to be very focused on reaching EBITA margin target of above 5.5 percent in 2015.

Further, the company said the Board of Directors has appointed Alain Dehaze as the new Chief Executive Officer as of September 1, succeeding Patrick De Maeseneire, who has decided to leave the firm.

Alain Dehaze is currently Regional Head of France for the Adecco Group and has been a member of the Executive Committee since 2009.

Dominik de Daniel, Group CFO, has decided to leave the Company at the end of July, 2015.

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