FINANCIALS: ManpowerGroup results reveal revenues up

ManpowerGroup has seen a marginal increase in revenues, according to results for the three months ended 30 June 2017.

The results, released yesterday, reveal revenues of $5.2bn (£3.9bn), up 3% on the same quarter last year. The global recruiter also saw net earnings of $117m, up from $115.4m over the same period.

The quarter’s results also included restructuring charges, which reduced earnings per share by 10 cents.

On a constant currency basis, revenues increased 6% and earnings per share increased 9%. Earnings per share in the quarter were adversely affected by changes in foreign currencies compared to the previous year.

Commenting on the group’s performance, ManpowerGroup chairman & CEO Jonas Prising said: "We are pleased with our strong second quarter results. The labour markets continue to improve in Europe and across the globe, which is a good foundation for continued profitable growth as we head into the second part of 2017.

"The improving market conditions were spread across the geographies where we operate, and revenue growth was strong in a number of our countries, with our teams in France, Italy, Mexico and Poland leading the way.

"We anticipate the third quarter diluted earnings per share to be in the range of $1.90 to $1.98, which includes an estimated favourable currency impact of 2 cents," Prising added.

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