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Adecco Maintains Positive Momentum in Q1 2014

Adecco Group News Release (05/08/14)

Adecco Group reported revenues of €4.7 billion in the first quarter of 2014, up 6% in constant currency from the first quarter of 2013. Net income totaled €110 million, up 64% from €67 million in the year-ago quarter.

North American revenues totaled €874 million, up 2% in constant currency on a year-to-year basis but held back by adverse weather conditions in January and February. The company reported that North American revenues for March were up 4% in constant currency (adjusted for trading days).

General staffing revenues totaled €3.43 billion in the 2014 first quarter, up 6% in constant currency from the previous year. Professional staffing revenues totaled €1.11 billion, up 4% in constant currency.

“Europe is driving the recovery for us, but most markets are improving and North America is solid,” said Adecco Group CEO Patrick De Maeseneire.