Business growth and strategic partnerships boost profitability and company performance
In a recent financial update, [Company Name] announced its financial results for the fiscal year 2019, showcasing a significant improvement in key metrics.
Net income attributable to the group shareholders for FY 2019 was EUR 727 million, marking a 59% year-on-year increase. The company's cash flow in Q4 2019 showed improvement, with Days Sales Outstanding (DSO) improving by one day year-on-year and cash conversion at 93%.
The company's EBITA (Operating Income before Amortisation and impairment of goodwill and intangible assets) for 2019 included one-offs of EUR 36 million in Q4 and EUR 81 million in FY, while in 2018, EBITA included one-offs of EUR 59 million in Q4 and EUR 93 million in FY. Despite these one-offs, the EBITA margin excluding one-offs for Q4 2019 was 4.9%, up 10 basis points year-on-year, and for FY 2019, it was 4.6%, also up 10 basis points year-on-year.
Revenues for January 2020 decreased by 5% trading days adjusted year-on-year, and volumes in February indicated a similar trend. For FY 2019, revenues decreased by 2% year-on-year, 3% organically and trading days adjusted. However, gross margin for Q4 2019 improved by 20 basis points year-on-year to 19.3%.
The company's strategic focus for 2020 is on delivering further margin improvement and profitable growth. As part of this strategy, [Company Name] aims to achieve the EUR 250 million GrowTogether productivity target for 2020. While details about the GrowTogether program were not provided in the current search results, the company is committed to leveraging its 360 HR solutions ecosystem to support the success of its clients and candidates.
In addition to its financial performance, [Company Name] announced a EUR 600 million share buyback, in addition to a proposed dividend of CHF 2.50 per share. The company is also fully embedding lean processes (PERFORM) into its operations.
GrowTogether delivered EUR 140 million productivity savings in 2019, ahead of target. The company is deploying and scaling digital tools through GrowTogether, including an integrated front-office solution and global candidate app.
As [Company Name] looks forward to 2020, it remains focused on delivering profitable growth and further margin improvement. With its strong financial performance in 2019 and its strategic initiatives in place, the company is well-positioned for success in the coming year.
Businesses in the investing world are excited about [Company Name]'s significant earnings growth, as evidenced by its net income of EUR 727 million in 2019, a 59% increase from the previous year. In the upcoming business year, [Company Name] plans to achieve the EUR 250 million GrowTogether productivity target as part of its strategic focus on profitable growth and margin improvement.
