Adecco Group News Release (03/12/14)
Adecco Group reported revenues of €4.98 billion for the fourth quarter of 2013, down 1.0% from €5 billion in the fourth quarter of 2012 (up 4% in constant currency). Currency fluctuations had a negative effect on revenues of approximately 5% in the quarter. Revenues were €19.5 billion for fiscal 2013, down 5.0% from €20.5 billion the prior year (down 2% in constant currency). Net income totaled €174 million for the quarter, up 398.0% from €35 million, and €558 million for the full year, up 48.0% from €378 million.
In North America, fourth quarter revenues were €928 million, down 2.0% from €947 million (up 3% in constant currency). General staffing revenues grew 4%, with 14% growth in industrial and a decline in office. Professional staffing revenues grew by 2.0%, led by information technology, which was up 5% (all in constant currency). Permanent placement revenues were up 17% in constant currency.
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