Amsterdam, Wednesday, March 02, 2005
Vedior Promoted To AEX Index
Vedior, one of the world’s largest recruitment companies, today announces that it has joined the AEX index in Amsterdam, a benchmarking index of the 25 most actively traded securities in the Netherlands. Vedior’s promotion to the AEX index is part of Euronext’s annual re-weighting of its index.
Zach Miles, Vedior’s Chief Executive, said:
“I am delighted that Vedior has joined the AEX index as this will afford the Group greater visibility among investors, clients and jobseekers. As the first recruitment company to join the AEX, this promotion also underlines Vedior’s status as the largest global recruitment company based in the Netherlands.”
Company Profile and Strategy
Vedior is one of the world’s largest recruitment companies and is a full-service recruitment provider with a diversified portfolio of brands targeting a broad range of industry sectors. Annual sales for 2004 were €6,467 million and net profit (under IFRS) was €116 million.
From its global network of 2,245 offices spanning Europe, North America, Australasia, Asia, South America and Africa, Vedior offers temporary and permanent recruitment as well as a number of complementary employment-related services such as outplacement, HR outsourcing, payrolling and training.
Vedior has a leading market position in the provision of professional/executive recruitment in sectors such as information technology, healthcare, accounting, engineering and education. In order to meet client requirements for all categories of personnel, Vedior also has a significant global network providing administrative/secretarial and light industrial recruitment.
Vedior’s primary objective is to provide superior investment returns with higher organic profit growth and better operating margins than our competitors. The Group believes it can achieve its objective given its strong business model, sound financial structure and also because Vedior operates in an attractive industry. Vedior intends to extend its leading position in professional/executive recruitment sectors, develop a balanced earnings stream and improve its business mix through both organic and acquisitive growth.
Vedior’s certificates of ordinary shares have traded on Euronext under the symbol VDR since June 1997. Vedior’s free float is regarded as 100% by Euronext Amsterdam. There are 166,115,896 ordinary shares in issue and the Company’s market capitalisation at close of business on 1 March 2005 was €2.39 billion.
Vedior endeavours to pursue an active and open dialogue with the investment community and is committed to providing high quality, meaningful and timely information. Further information on Vedior’s investor relations activities can be found at
www.vedior.com/investor-relations
Financial Agenda
| 28 April 2005 |  | Publication of first quarter results |
| 29 April 2005 |  | Annual General Meeting of Shareholders |
| 3 May 2005 |  | Declared ex-payment from reserves |
| 17 May 2005 |  | Publication exchange ratio payment from reserves |
| 23 May 2005 |  | Distribution from reserves made payable |
| 28 July 2005 |  | Publication of second quarter results |
| 27 October 2005 |  | Publication of third quarter results |
| 2 February 2006 |  | Publication of annual results 2005 |
Amsterdam
| Zach Miles, Chief Executive |  | +31 (0)20 573 5609 |
| Jelle Miedema, Company Secretary |
London
| Michael Berkeley, Citigate Dewe Rogerson |  | +44 (0)20 7282 2883 |
| Patrick Toyne Sewell, Citigate Dewe Rogerson |  | +44 (0)20 7282 2889 |