Adecco margin surprises analysts

Adecco Group saw a gross profit of €916m (£738m) in Q1 2012, up 5% at constant currency on the previous year, and left analysts surprised at a major increase in gross profit margin.
Tue, 8 May 2012
Adecco Group saw a gross profit of €916m (£738m) in Q1 2012, up 5% at constant currency on the previous year, and left analysts surprised at a major increase in gross profit margin.

The firm also saw €5,035m revenues, and an operating income of €168m.Chris Burger, an analyst at broker Helvea, tells Recruiter: “For me it’s only one...

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