BASEL: Adecco the largest staffing firm in the world, saw revenues in Q3 2016 of €5.8 billion, up 3% organically compared to €5.7 million for the same period last year. Gross profit totaled €1.1 billion, up 1% on an organic basis.
Adecco Q3 2016 revenues of €5.8 million were up 2% year-on-year on a reported basis. Acquisitions added approximately 1% to revenues, while currency fluctuations had a negative impact of approximately 2%. Organically, revenues increased by 3%, or by 3.5% adjusted for trading days. By business line, revenues grew organically by 3% in General Staffing and by 4% in Professional Staffing. Permanent placement revenues totalled €117 million, up 5% organically. Revenues from career transition totalled €92 million, up 8% organically compared to the prior year.
Alain Dehaze, CEO of the Adecco Group commented: “Thanks to the engagement of our colleagues and associates, the Adecco Group delivered another good performance in Q3 2016. We maintained our revenue momentum, with organic growth of 3% in the quarter and 4% in September. Our cost discipline continued and we improved underlying productivity. “
“While delivering these results, we made further progress in deploying our strategic priorities,” Dehaze said. “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. “
