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Adecco Maintains Solid Profitability in U.S. in Q 2012

Adecco Group News Release (08/09/12)

Adecco Group today announced results for the second quarter of 2012. Revenues were up 1% or down 4% organically, to EUR 5.2 billion. The gross margin was 17.7%, an increase of 80 bps versus the prior year. In North America, Adecco’s revenues increased by 2% in constant currency to EUR 967 million. General and professional staffing revenues both grew by 2% in constant currency. The U.S. information technology professional staffing segment grew 2% year-on-year in constant currency in Q2 2012. Revenues developed solidly in finance and legal and medical and science, up 9% and 21% respectively year-on-year, both in constant currency. The engineering and technical segment was down 2% in constant currency. Permanent placement revenues continued to develop strongly, up 15% in constant currency.