ManpowerGroup 2007 Annual Report Download - page 24

Download and view the complete annual report

Please find page 24 of the 2007 ManpowerGroup annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 71

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71

21Management’s Discussion & Analysis Manpower 2007 Annual Report
FINANCIAL MEASURES – CONSTANT CURRENCY AND ORGANIC CONSTANT CURRENCY RECONCILIATION
Certain constant currency and organic constant currency percent variances are discussed throughout this annual report. A
reconciliation to the percent variances calculated based on our annual fi nancial results is provided below. (See Constant
Currency on page 14 for further information.)
Amounts represent 2007
Percentages represent 2007 compared to 2006
Reported Amount
(in millions)
Reported
Variance
Impact of
Currency
Variance in
Constant
Currency
Impact of
Acquisitions/
Dispositions
(in Constant
Currency)
Organic
Constant
Currency
Revenues from Services
United States $ 1,962.2 (7.2)% —% (7.2)% 2.4% (9.6)%
France 7,025.3 16.7 9.7 7.0 — 7.0
Other EMEA 6,750.4 29.1 10.6 18.5 — 18.5
Italy 1,398.1 23.4 10.4 13.0 — 13.0
Jefferson Wells 332.0 (11.0) — (11.0) — (11.0)
Right Management 409.9 5.8 4.5 1.3 2.9 (1.6)
Other Operations 2,622.4 13.8 3.3 10.5 — 10.5
Manpower Inc. 20,500.3 16.7 7.7 9.0 0.3 8.7
Gross Profi t - Manpower Inc. 3,848.6 22.3 7.6 14.7 0.5 14.2
Operating Unit Profi t
United States 80.1 (8.3) — (8.3) 3.9 (12.2)
France 390.3 92.0 14.6 77.4 — 77.4
Other EMEA 256.7 63.8 13.7 50.1 — 50.1
Italy 103.7 63.3 14.2 49.1 — 49.1
Jefferson Wells (5.2) (116.2) — (116.2) — (116.2)
Right Management 34.6 88.8 7.6 81.2 12.2 69.0
Other Operations 73.5 5.0 2.0 3.0 — 3.0
Operating Profi t - Manpower Inc. 825.4 55.1 10.8 43.3 1.1 42.2
Amounts represent 2006
Percentages represent 2006 compared to 2005
Reported Amount
(in millions)
Reported
Variance
Impact of
Currency
Variance in
Constant
Currency
Impact of
Acquisitions/
Dispositions
(in Constant
Currency)
Organic
Constant
Currency
Revenues from Services
United States $ 2,114.9 3.2% — % 3.2% —% 3.2%
France 6,019.1 9.9 1.5 8.4 — 8.4
Other EMEA 5,230.7 14.4 1.5 12.9 — 12.9
Italy 1,132.6 25.9 1.7 24.2 — 24.2
Jefferson Wells 373.0 (3.4) — (3.4) — (3.4)
Right Management 387.3 (3.6) 0.6 (4.2) — (4.2)
Other Operations 2,304.9 11.8 (2.0) 13.8 — 13.8
Manpower Inc. 17,562.5 10.8 0.8 10.0 — 10.0
Gross Profi t - Manpower Inc. 3,146.0 11.1 0.8 10.3 — 10.3
Operating Unit Profi t
United States 87.4 27.2 — 27.2 — 27.2
France 203.3 20.5 2.9 17.6 — 17.6
Other EMEA 156.7 55.6 5.3 50.3 — 50.3
Italy 63.5 45.8 2.7 43.1 — 43.1
Jefferson Wells 31.9 (4.2) — (4.2) — (4.2)
Right Management 18.3 (28.8) (0.6) (28.2) — (28.2)
Other Operations 69.9 16.0 (3.6) 19.6 — 19.6
Operating Profi t - Manpower Inc. 532.1 24.1 2.2 21.9 — 21.9