Seeking Alpha

Adecco net profit leaps 64%

Adecco's (AHEXF) Q1 net profit jumped to €110M from €67M a year earlier, pretty much as expected.

Basic EPS increased to €0.62 from €0.37.

Revenues +2% to €4.66B, broadly in line.

EBITA +42% to €180M.

Earnings at Adecco, the world's largest staffing company, were lifted by a small return to growth in France, the firm's biggest market.

"Revenue growth continued to pick up in Europe, led once again by our industrial business," said CEO Patrick De Maeseneire. "Demand in manufacturing accelerated further, which is a good early cycle indicator.

Shares are +1.8% in Zurich. (PR)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs