Kelly Expects Sale Of European Staffing Operations And Near-Term Outcome From Growth Initiatives To Drive Further Expansion Of Adjusted EBITDA Margin
Portfolio Pulse from Benzinga Newsdesk
Kelly Services (KELYA) anticipates the sale of its European staffing operations and the results of its growth initiatives to drive further expansion of its adjusted EBITDA margin.
November 09, 2023 | 12:34 pm
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Kelly Services' planned sale of its European staffing operations and growth initiatives are expected to expand its adjusted EBITDA margin.
The sale of Kelly Services' European staffing operations is a significant move that could reduce costs and improve profitability, leading to an expansion of its adjusted EBITDA margin. Additionally, the company's growth initiatives are expected to contribute to this expansion, indicating a positive outlook for the company's financial performance.
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