Manpower maakt resultaten 4e kwartaal en totaal 2007 bekend

01/02/2008 15:24



Manpower



Manpower maakt resultaten 4e kwartaal en totaal 2007 bekend

Reactie Hans Leentjes, Algemeen Directeur Manpower Nederland:

"Manpower wereldwijd heeft een geweldig resultaat neergezet in 2007. Zeker hier in Nederland mogen we trots zijn: we hebben in het vierde kwartaal van 2007 wederom groei gerealiseerd, te weten ruim 11%. Over het gehele jaar is Manpower Nederland in 2007 een mooie 17,9% gegroeid. Onze voorsprong ten opzichte van de markt hebben we het vierde kwartaal eveneens vast kunnen houden. In 2007 groeide Manpower harder dan de totale Nederlandse uitzendmarkt."

Manpower Reports 4th Quarter and Full Year 2007 Results

MILWAUKEE, Feb 01, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Manpower Inc. (NYSE: MAN) today reported that net earnings per diluted share from continuing operations for the three months ended December 31, 2007 increased 42 percent to $1.63 from $1.15 in the prior year period. Net earnings from continuing operations in the quarter increased to $133.1 million from $99.6 million a year earlier. Revenues for the fourth quarter totaled $5.6 billion, an increase of 20 percent from the year earlier period, or an increase of 9 percent in constant currency.

Included in the fourth quarter results is $4.0 million ($2.5 million after tax, or 3 cents per diluted share) related to reorganization charges at Jefferson Wells. Additionally, net earnings from continuing operations in the fourth quarter were favorably impacted by 17 cents per diluted share, as foreign currencies were relatively stronger compared to the prior year period.

Jeffrey A. Joerres, Manpower Chairman and CEO said, "Our geographic balance and broad portfolio of services drove strong results in the fourth quarter and for the year. Europe, Asia and our emerging markets performed exceptionally well. Additionally, Right Management, our outplacement and organizational consulting company, had strong results in the fourth quarter.

"Our position globally has strengthened significantly throughout 2007, which gives us confidence as we move into 2008.

"We are anticipating diluted net earnings per share for the first quarter of 2008 to be in the range of 78 to 82 cents. This includes an estimated favorable currency impact of 8 cents per diluted share."

Net earnings per diluted share from continuing operations for the year ended December 31, 2007 were $5.73, an increase of 65 percent from $3.48 in 2006. Net earnings from continuing operations were $484.7 million compared to $305.7 million in the prior year. Revenues for the year were $20.5 billion, an increase of 17 percent from the prior year, or an increase of 9 percent in constant currency.

Included in the full year 2007 results is the favorable impact of the revised French payroll tax calculation of $1.05 per diluted share. As disclosed in the Company's 8-K filed in July 2007, this revised calculation no longer applies after September 30, 2007. Additionally, results from continuing operations were favorably impacted by 35 cents due to changes in foreign currencies compared to the prior year.

In conjunction with its fourth quarter earnings release, Manpower will broadcast its conference call live over the Internet on February 1, 2008 at 7:30 a.m. CST (8:30 a.m. EST). Interested parties are invited to listen to the webcast and view the presentation by logging on to http://investor.manpower.com.

Supplemental financial information referenced in the conference call can be found at http://investor.manpower.com.

About Manpower Inc.

Manpower Inc. (NYSE: MAN) is a world leader in the employment services industry; creating and delivering services that enable its clients to win in the changing world of work. The $21 billion company offers employers a range of services for the entire employment and business cycle including permanent, temporary and contract recruitment; employee assessment and selection; training; outplacement; outsourcing and consulting. Manpower's worldwide network of 4,500 offices in 78 countries and territories enables the company to meet the needs of its 400,000 clients per year, including small and medium size enterprises in all industry sectors, as well as the world's largest multinational corporations. The focus of Manpower's work is on raising productivity through improved quality, efficiency and cost-reduction across their total workforce, enabling clients to concentrate on their core business activities. Manpower Inc. operates under five brands: Manpower, Manpower Professional, Elan, Jefferson Wells and Right Management. More information on Manpower Inc. is available at http://www.manpower.com.

Forward-Looking Statements

This news release contains statements, including earnings projections, that are forward-looking in nature and, accordingly, are subject to risks and uncertainties regarding the Company's expected future results. The Company's actual results may differ materially from those described or contemplated in the forward-looking statements. Factors that may cause the Company's actual results to differ materially from those contained in the forward-looking statements can be found in the Company's reports filed with the SEC, including the information under the heading 'Risk Factors' in its Annual Report on Form 10-K for the year ended December 31, 2006, which information is incorporated herein by reference.





http://www.manpower.com