Jobs giant Adecco sees little sign of slowdown

November 9, 2010

, 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.

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