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Adecco Achieves Solid Profitability in Q1 2012

Adecco Group News Release (05/08/12)

Adecco today reported a 12% increase in net profit on a 2% increase in sales and said it would continue to focus on profitability in the coming months. The company’s net profit for the quarter stood at 112 million euros compared with 100 million euros in 2011, while first-quarter revenue finished at 5.04 billion euros compared with 4.92 billion euros in 2011.

In North America, Adecco’s revenues increased by 1% in constant currency to 964 million euros ($1.253 billion U.S.). General staffing revenues grew by 3% in constant currency. Professional staffing revenues were flat year-on-year, held back by information technology staffing, but with the finance and legal, and medical and science segments growing by double digits. Permanent placement revenues were up 14% in constant currency.