Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

Jobs giant Adecco sees little sign of slowdown

ZURICH, Nov 9 – The world\’s biggest temporary employment agency, Adecco, reported on Tuesday a 42-percent increase in third-quarter net profit with little sign of a slowdown in the jobs market.

Net profit for the period reached 128 million euros (179 million dollars), above the average 106 million forecast by analysts polled by business news agency AWP.

Adecco said in a statement that demand remained "very healthy" in the industrial sector while office staffing resumed its growth.

"Growth in our main markets France and North America remained very robust," said chief executive Patrick De Maeseneire.

"At the same time, we increased the pace in Germany, Benelux, Italy, Nordics and Switzerland, all delivering strong double-digit revenue growth and good profitability," he added.

Third-quarter operating income grew 69 percent to 216 million euro, with overall revenue of 5.1 billion euros, an increase of 36 percent.

"We don’t see signs of a slowdown and will continue to exploit the opportunities in the current environment," said De Maeseneire.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...