Robust Profits and Ongoing Expansion in Q2 of 2017
The Apex Company, a leading player in its industry, has announced its Q2 2017 financial results, showcasing strong growth, strategic partnerships, and investments in digital innovation.
The company's revenue grew organically by 6% in Q2 2017, adjusting for trading days and currency fluctuations. This growth, a non-US GAAP measure, excludes the impact of acquisitions, divestitures, and changes in foreign exchange rates. Revenues in June 2017 also saw a 6% increase, following the same trend.
The company's strong cash conversion and financial health are evident in its balance sheet, which boasts a net debt to EBITDA ratio of 0.8x, excluding one-offs. This ratio, a non-US GAAP measure, is calculated as net debt at period end divided by the last 4 quarters of EBITA excluding one-offs, plus depreciation.
A significant development for the company is its new global partnership with Mya Systems, a leading AI player in HR technology. This partnership is expected to drive innovation and efficiency in the company's HR processes.
In terms of operational improvements, the company achieved strong productivity with FTE employees up only 1% and SG&A excluding one-offs up 2%. This productivity was achieved while the company continued to invest in its IT infrastructure and digital innovation.
Notable digital initiatives include the launch of the digital Active Placement model in Lee Hecht Harrison and the rollout in the UK of Adia, an end-to-end online staffing platform. These initiatives are part of the company's segmentation strategy, which is driving strong growth with small- and medium-sized clients and with the onsite delivery model for large clients.
The company's H1 EBITA margin increased by 20 basis points, despite investing for future growth. However, the Q2 EBITA margin was negatively impacted by the timing of bank holidays.
The Group Chief Executive Officer of the company mentioned that the company recorded strong successes in Q2 2017, although these specific successes were not explicitly identified in the provided search results.
Net income attributable to group shareholders was EUR 192 million. Net debt, a non-US GAAP measure, comprises short-term and long-term debt less cash and cash equivalents and short-term investments. In Q2 2016, SG&A included one-off expenses of EUR 2 million.
In conclusion, the Apex Company's Q2 2017 results demonstrate a strong financial position, strategic partnerships, and ongoing investments in digital innovation. The company's focus on productivity and segmentation strategy is driving growth with both small and large clients.
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