Adecco sees slowdown in revenue growth so far in Q3

Adecco has seen a slowdown in growth so far inside third quarter, the globe’s largest staffing company said on Wednesday ahead of an investor day in London.

Revenues increased by 2 percent organically along with adjusted for trading days in July along with August, with volume trends in early September indicating a slight deceleration over these prior two months, the Swiss group said.

“Recent trading has been more challenging than expected, driven by Continental Europe,” Chief Executive Alain Dehaze said in a statement.

“We are already taking the appropriate measures to adjust our costs to reflect in which lower growth environment. Our commitment to the group’s transformation along with digitisation remains unchanged,” he added.

Its shares were indicated 1.4 percent lower in pre-market activity.

The slowdown compared with 4 percent revenue growth inside second quarter, related to a slowdown in continental Europe, along with 6 percent during the first three months of the year. Despite the slowdown, the group’s operating margin much better during the second quarter when compared with the start of the year.

Earlier in which year Adecco said rising global trade tensions along with slowing economic growth were not yet reducing companies’ desire to hire temporary staff.

The company has also recently been investing in digital technology to enable in which to offer roles in a more flexible labour market. in which year in which also bought General Assembly, a company which provides training in coding, data science along with digital marketing.

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