Adecco 1Q Profit Up 77%, Sees Growth In Jobless Recovery
May 10 2011 - 1:42AM
Dow Jones News
Staffing company Adecco S.A.(ADEN.VX) Tuesday reported a 77%
rise in first quarter net profit on a 24% increase on sales and
said it expects it expects attractive growth in what it said was a
jobless economic recovery.
MAIN POINTS:
-1Q net profit EUR100 million versus EUR57 million in 2010
-1Q revenue EUR4.92 billion versus EUR3.96 billion in 2010
-Outlook: The company said growth in April was a touch lower,
due to the comparison with a higher base, but "our close dialogue
with clients worldwide strengthens our confidence in continued good
demand in the coming months, as flexibility remains at the
forefront of our clients' priorities.
Company says it is well on track to reach the mid-term EBITA
margin target of over 5.5%.
- Seven analysts polled by Dow Jones Newswires on average
forecast a net profit of EUR91 million.
- Seven analysts polled by Dow Jones Newswires on average
forecast revenue of EUR 4.75 billion.
- Rival staffing companies Randstad Holding N.V
(RAND.AE)reported a 38% net profit increase on a 22% increase in
revenue in April, while Manpower Group (MAN) increased its revenue
24% and increased its net earnings to $35.7 million from $2.8
million a year earlier.
-By John Revill, Dow Jones Newswires; +41 43 443 8042 ;
john.revill@dowjones.com
Randstad NV (EU:RAND)
Historical Stock Chart
From Jun 2024 to Jul 2024
Randstad NV (EU:RAND)
Historical Stock Chart
From Jul 2023 to Jul 2024