DUBLIN: Recruitment giant Adecco has seen year-on-year revenue increase 4% in the UK & Ireland, buoyed by growth in its professional staffing business, according to results for Q3 2016.
The results, published this morning, reveal UK & Ireland revenue of €543m (£482m), up 4% on the same period last year. Roughly two-thirds of revenues came from the group’s professional staffing business, which grew at 2%, while revenues grew by 5% in IT, partially offset by a 12% decline in finance & legal. In general staffing, revenues rose by 7%, while permanent placement revenues in the UK & Ireland were down 3%.
Across the group revenues rose 3% year-on-year to €5.8bn, with gross profit also increasing 1% over the period. Group earnings before interest, taxes and amortisation (EBITA) excluding one-offs was down 3%.
Q3 revenue increased for the group in France, Benelux and Nordics, Italy, Japan, Iberia, the Rest of World and the group’s career transition and talent development business Lee Hecht Harrison.
The only two regions to report year-on-year declines in revenue over the period were North America and the DACH region of Germany, Austria and Switzerland.
Commenting on the results, chief executive Alain Dehaze said: “Thanks to the engagement of our colleagues and associates, the Adecco Group delivered another good performance in Q3 2016.
“We are strengthening our competitive position, working with leading partners to streamline our processes and upgrade our customer-facing and back office IT. We are also acting on areas of underperformance, improving the performance of businesses currently operating below their potential, and exiting those that structurally cannot achieve our goals.”
