De jaarcijfers 2014 lieten ook al geen rooskleurig beeld zien over de prestaties in N-Europa.
De Gross Margin was in 2013 al stevig gedaald en liep in Noord europa in 2014 verder terug, daarbij een substantieel deel van de omzetgroei gehaald uit de lage marge markten. In NL gaat het dan om een omzetstijging 5,1% organische groei afgelopen jaar.
Omzet boven marge dus, kreeg bij USG afgelopen najaar indruk van de omgekeerde beweging, marge boven omzet. Benieuwd hoe dit op de cijfers gaat uitwerken.
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Gross profit margin decreased in 2014 compared to 2013 due to the decline in our staffing/interim margins as a result of business mix changes in our staffing/interim revenue as higher growth came from our lower-margin markets, general ??pricing pressures in several markets and client contract termination costs, partially offset by the increase in our permanent recruitment business. In 2013, gross profit margin decreased due to the decline in our staffing/interim margins as we experienced lower bench utilization in our Manpower business line in Sweden and new collective labor agreements and higher holiday pay costs in Germany, encountered general pricing pressures in several markets, and saw a 9.8% decrease in constant currency in our permanent recruitment business.