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Adecco Group Reports Third-Quarter Results

Adecco Group News Release (11/05/15)

Adecco Group reported revenues of €5.7 billion in the third quarter of 2015, up 9% (4% in constant currency) from €5.2 billion in the third quarter of 2014. The company reported a net loss of €513 million, compared with net income of €198 million in the year-ago quarter.

North American revenues totaled €1.2 billion, up 1% (1% in constant currency) from €986 million in the 2014 third quarter. The company reported revenues of €4.3 billion for general staffing, which accounts for approximately half of North American revenues—up 9% (5% in constant currency) from €3.9 billion. Professional staffing revenues were €1.3 billion, up 10% (down 1% in constant currency) from €1.2 billion. Revenues grew 14% for medical and science staffing, 7% for industrial, 5% for finance and legal, and 3% for information technology. Permanent placement revenues in North America were up 17%.