ManpowerGroup 2006 Annual Report Download - page 24

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Management’s฀Discussion฀&฀Analysis20 Manpower฀2006฀Annual฀Report
MAN AGEME NT’S฀DI SCUSS ION฀&฀ANA LYSIS
of฀financi al฀condition ฀and฀res ults฀of ฀op erations
FINANCIAL฀MEASURES฀–฀CONSTANT฀CURRENCY฀RECONCILIATION
Certain฀constant฀currency฀percent฀variances฀are฀discussed฀throughout฀this฀annual฀report.฀A฀reconciliation฀to฀the฀percent฀variances฀
calculated฀based฀on฀our฀annual฀financial฀results฀is฀provided฀below.฀(See฀Constant฀Currency฀on฀page฀14฀for฀further฀information.)
Amounts฀represent฀2006฀฀
Percentages฀represent฀2006฀compared฀to฀2005
Reported฀Amount฀฀
(in฀millions)
Reported฀
Variance
Impact฀of฀
Currency
Variance฀in฀
Constant฀
Currency
Revenues฀from฀Services
United฀States $฀ 2,114.9 3.2% —% 3.2%
France 6,019.1 9.9 1.5 8.4
EMEA 6,363.3 16.3 1.6 14.7
Jefferson฀Wells 373.0 (3.4) — (3.4)
Right฀Management 387.3 (3.6) 0.6 (4.2)
Other฀Operations 2,304.9 11.8 (2.0) 13.8
Manpower฀Inc. 17,562.5 10.8 — 10.0
Gross฀Profit฀-฀Manpower฀Inc. 3,146.0 11.1 0.8 10.3
Operating฀Unit฀Profit
United฀States 87.4 27.2 — 27.2
France 203.3 20.5 2.9 17.6
EMEA 220.2 52.9 4.8 48.1
Jefferson฀Wells 31.9 (4.2) — (4.2)
Right฀Management 18.3 (28.8) (0.6) (28.2)
Other฀Operations 69.9 16.0 (3.6) 19.6
Operating฀Profit฀–฀Manpower฀Inc. 532.1 24.1 2.2 21.9
Amounts฀represent฀2005฀฀
Percentages฀represent฀2005฀compared฀to฀2004
Reported฀Amount฀฀
(in฀millions)
Reported฀
Variance
Impact฀of฀
Currency
Variance฀in฀
Constant฀
Currency
Revenues฀from฀Services
United฀States $฀ 2,048.3 0.4% —% 0.4%
France 5,475.8 5.3 (0.2) 5.5
EMEA 5,471.2 12.0 (0.5) 12.5
Jefferson฀Wells 386.2 13.4 — 13.4
Right฀Management 401.8 (5.4) 0.5 (5.9)
Other฀Operations 2,062.1 15.5 2.0 13.5
Manpower฀Inc. 15,845.4 8.0 — 7.9
Gross฀Profit฀-฀Manpower฀Inc. 2,831.8 6.1 — 6.1
Operating฀Unit฀Profit
United฀States 68.7 39.3 — 39.3
France 168.7 (5.6) (0.8) (4.8)
EMEA 144.1 23.1 (2.8) 25.9
Jefferson฀Wells 33.3 (35.2) — (35.2)
Right฀Management 25.7 1.4 4.6 (3.2)
Other฀Operations 60.4 33.3 2.3 31.0
Operating฀Profit฀–฀Manpower฀Inc. 428.8 7.8 (0.6) 8.4