Financial Results
published on Feb 04, 2016
Report Overview:
Report Outline:
Kelly Services has announced Q4 2015 and full year 2015 results, for the period ended December 31, 2015.
Q4 2015:
- Revenues were $1,461.6m, up 2.6% y/y and up 7.3% y/y at CC
- Operating income was $26.5m, a margin of 1.8% up 163 bps from the margin of 0.18% achieved in Q4 2014.
Full CY 2015:
- Revenues were $5,518.2m, down 0.8% y/y and up 4.7% y/y at CC
- Operating income was $66.7m, a margin of 1.2%, up 82 bps from the margin of 0.39% achieved in FY 2014.
Q4 2015 revenues (y/y growth and y/y CC growth) by region was:
Americas Commercial $696.1m (+0.2%, +2.7%)
- Americas PT $250.1m (+7.4%, +7.8%)
- EMEA Commercial $200.5m (-2.0%, +10.8%)
- EMEA PT $44.7m (-0.3%, +12.3%)
- APAC Commercial $88.1m (-3.5%, +11.3%)
- APAC PT $9.8m (-12.7%, +0.6%)
- Outsourcing Consulting Group (OCG) $187.5m (+13.8%, +15.6%).
CY 2014 revenues (y/y growth and y/y CC growth) by region was:
- Americas Commercial $2,604.3m (-0.2%, +2.0%)
- Americas PT $971.9m (+1.7%, +2.1%)
- EMEA Commercial $773.5m (-13.6%, +2.7%)
- EMEA PT $171.5m (-9.8%, +6.5%)
- APAC Commercial $347.2m (-1.3%, +12.6%)
- APAC PT $40.5m (+0.4%, +14.9%)
- Outsourcing Consulting Group (OCG) $673.8m (+14.8%, +16.6%).
Q4 2015 revenues from services (y/y growth and y/y CC growth) by region were:
- Americas $1,105.5m (+4.2%, +6.0%)
- United States $998.8m (+6.9%, +6.9%)
- Canada $38.0m (-24.0%, -11.0%)
- Mexico $35.3m (-3.9%, +16.3%)
- Puerto Rico $24.7m (-7.1%, -7.1%)
- Brazil $8.7m (-37.5%, -1.7%)
- EMEA $253.2m (-1.4%, +11.3%)
- Switzerland $55.5m (-4.0%, -1.3%)
- France $65.6m (-1.1%, +12.8%)
- Russia $18.2m (-12.9%, +22.2%)
- U.K. $26.7m (+15.1%, +20.3%)
- Portugal $33.8m (+4.2%, +18.9%)
- Germany $16.2m (-4.0%, +9.5%)
- Norway $9.7m (-18.1%, +2.1%)
- Italy $14.5m (+3.9%, +18.7%)
- Other $13.0m (-4.4%, +9.4%)
- APAC $102.9m (-3.8%, +11.0%)
- Australia $31.1m (-4.6%, +13.5%)
- Singapore $33.0m (-0.7%, +9.5%)
- Malaysia $14.1m (-12.7%, +11.4%)
- New Zealand $11.2m (-14.5%, +0.4%)
- Other $13.5m (+9.2%, +19.5%).
CY 2015 revenues from services (y/y growth and y/y CC growth) by region were:
- Americas $4,138.7m (+2.6%, +4.2%)
- United States $3,705.2m (+4.8%, +4.8%)
- Canada $160.2m (-19.2%, -6.9%)
- Mexico $130.5m (-6.1%, +11.9%)
- Puerto Rico $99.9m (-4.8%, -4.8%)
- Brazil $42.9m (-24.9%, +1.7%)
- EMEA $973.7m (-12.9%, +3.3%)
- Switzerland $216.2m (-14.7%, -10.3%)
- France $246.0m (-9.4%, +9.4%)
- Russia $75.6m (-35.5%, +3.2%)
- U.K. $105.1m (-0.4%, +7.3%)
- Portugal $132.5m (+6.2%, +27.0%)
- Germany $59.3m (-12.3%, +4.7%)
- Norway $39.2m (-29.5%, -9.6%)
- Italy $54.0m (-10.3%, +7.1%)
- Other $45.8m (-29.0%, -15.2%)
- APAC $405.8m (-1.0%, +13.1%)
- Australia $123.2m (+1.5%, +21.8%)
- Singapore $129.9m (+1.9%, +10.5%)
- Malaysia $59.5m (-10.1%, +6.7%)
- New Zealand $41.4m (-19.4%, -4.4%)
- Other $51.8m (+18.6%, +26.9%).