Adecco net profit leaps 64%

|About: Adecco Group AG (AHEXF)|By:, SA News Editor

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)