Adecco: two steps forward, one step back | Company Switzerland

share

A security that represents a share in the capital of a public company. This ensures the owner membership rights (the right to vote and the right to vote at the general meeting) and ownership (right to a share in the profit, share in capital increases or in the liquidation result).

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shareholder value

The management and board of directors responsible for an AG strive to maximize shareholder value in order to continuously increase the value of the company for shareholders.

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Manager

Anglo-Saxon acronym for Chief Executive Officer, Chief Financial Officer, Chief Investment Officer and Chief Operating Officer, which together make up the Executive Board.

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EBIT

EBIT (Earnings before Interest and Taxes): Earnings before interest and tax. Ebita: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, taxes, depreciation and amortization. These three variants of the operating profit show the operational earning power better than the published net profit. Apart from operational reasons, this can vary widely depending on the accounting standard, the contribution of the financial result (interest as defined above) and the tax burden. Discontinued operations are usually eliminated from operating profit and included in net profit as a result of discontinued operations. On the other hand, extraordinary expenses for restructuring or value adjustments are taken into account if they are operational.

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Ebitda

EBIT (Earnings before Interest and Taxes): Earnings before interest and tax. Ebita: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, taxes, depreciation and amortization. These three variants of the operating profit show the operational earning power better than the published net profit. Apart from operational reasons, this can vary widely depending on the accounting standard, the contribution of the financial result (interest as defined above) and the tax burden. Discontinued operations are usually eliminated from operating profit and included in net profit as a result of discontinued operations. On the other hand, extraordinary expenses for restructuring or value adjustments are taken into account if they are operational.

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price-earnings ratio

Share price in relation to earned or expected earnings per dividend bearing share. The stock valuation ratio indicates how many times earnings per share is included in the share price. P/E can be used to compare different stocks within an industry.

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the margin

1. The difference between a bank’s interest on assets and liabilities (interest margin). 2. The difference between the offer price and the offer price of a security (bid-offer spread). 3. Cash margin (initial margin, variation margin) in futures or CDF (security margin). 4. Earnings (usually operational) in relation to sales (return on sales, RoS).

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outsourcing

Outsourcing of non-business related services. IT outsourcing plays a major role in the banking sector.

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turn around

Opportunity to gain exposure to certain securities as there are signs of fundamental improvement within an industry or business (turnaround candidate).

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