Adecco: growth momentum continues.

(CercleFinance.com) - Adecco's sales growth, the Swiss temporary employment giant, continued into Q3, with the group's margin improving slightly.


Although Q4 has started well in terms of growth, the group warned that its comparison basis is becoming more difficult.

On a like-for-like basis, and adjusted for calendar effects, Q3 sales reached 5.9 billion euros, up 6%, the group said, as was the case in the previous two quarters.

In contrast, the group's EBITA margin reached 5.4%, while it was under 5% in the first half of the year. Indeed, the workforce increased by less than sales (+2%).

However, Adecco's net income fell by 29%, reaching 123 millions d'euros. An extraordinary charge (no impact on group cash) of 129 million euros, related to the unification of the group's brands was recorded in its accounts.


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