ManpowerGroup 2014 Annual Report Download - page 38

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36
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 of these Non-GAAP percent variances to the percent variances calculated based on our annual
GAAP financial results is provided below. (See Constant Currency and Organic Constant Currency on pages 24 and 25
for information.)
Amounts represent 2014
Percentages represent 2014 compared to 2013
Reported
Amount
(in millions)
Reported
Variance
Impact of
Currency
Variance in
Constant
Currency
Impact of
Acquisitions
(in Constant
Currency)
Organic
Constant
Currency
Variance
Revenues from Services
Americas:
United States $ 3,086.4 4.0% —% 4.0% —% 4.0%
Other Americas 1,497.3 (3.0) (11.0) 8.0 — 8.0
4,583.7 1.6 (3.8) 5.4 — 5.4
Southern Europe:
France 5,351.6 1.3 0.1 1.2 — 1.2
Italy 1,178.8 8.4 (0.1) 8.5 0.4 8.1
Other Southern Europe 979.3 13.3 (0.4) 13.7 1.5 12.2
7,509.7 3.8 — 3.8 0.2 3.6
Northern Europe 6,048.1 5.4 (0.3) 5.7 1.3 4.4
APME 2,327.1 (4.9) (4.8) (0.1) 0.5 (0.6)
Right Management 294.2 (7.1) (0.4) (6.7) — (6.7)
ManpowerGroup $ 20,762.8 2.5% (1.5)% 4.0% 0.4% 3.6%
Gross Profit — ManpowerGroup $ 3,488.2 3.6% (1.6)% 5.2% 1.1% 4.1%
Operating Unit Profit
Americas:
United States $ 125.4 25.7% —% 25.7% —% 25.7%
Other Americas 56.2 27.9 (12.5) 40.4 — 40.4
181.6 26.4 (3.8) 30.2 — 30.2
Southern Europe:
France 275.5 38.5 (0.2) 38.7 — 38.7
Italy 64.2 19.3 (0.5) 19.8 1.6 18.2
Other Southern Europe 22.0 83.9 (0.9) 84.8 8.8 76.0
361.7 36.7 (0.3) 37.0 0.7 36.3
Northern Europe 198.1 41.8 (3.1) 44.9 6.9 38.0
APME 84.2 19.0 (6.2) 25.2 2.5 22.7
Right Management 33.5 64.1 0.4 63.7 — 63.7
Operating Profit — ManpowerGroup $ 719.9 40.6% (2.9)% 43.5% 2.2% 41.3%
Management’s Discussion & Analysis
MANAGEMENT’S DISCUSSION & ANALYSIS
of financial condition and results of operations