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Adecco Reports Q1 2013 Results

Adecco Group News Release (05/07/13)

Adecco Group reports revenues of €4.6 billion for the first quarter of 2013, down 8% in constant currency from the same period a year ago. The company also reports €81 million in permanent placement revenues, down 9% in constant currency, and €71 million in revenues for its career transition business, up 5% in constant currency. Meanwhile, net income was €67 million, down from €112 million during the first quarter of 2012.

Adecco’s North America revenues totaled €888 million for the quarter, up 2% organically (+4% organically adjusted for trading days). General staffing revenues rose 2% in constant currency, professional staffing revenues climbed 2% organically, information technology professional staffing increased 5% organically, medical and science surged 14% in constant currency, finance and legal slipped 4% in constant currency, permanent placement staffing jumped 14% in constant currency, and engineering and technical was flat year-on-year.