Recruitment giant Adecco has continued to see “very good demand” for its services, according to its Q3 results.

The group’s results reveal: (Q3 2010 vs Q3 2009)

• Revenues of €5.1bn (£4.4bn), up 36% on the corresponding period last year
• Selling, general & administrative expense (SG&A) increased by 28% (+5% organically and adjusted)
• Earnings before interest, tax and amortisation (EBITA) before integration costs of €239m (+38% organically and adjusted)
• EBITA margin before integration costs at 4.7%, up 90 bps on an adjusted basis
• Days sales outstanding was 53 days in Q3 2010, equal to Q3 2009

Patrick De Maeseneire, chief executive of the Adecco Group, says: “Growth in our main markets France and North America remained very robust. At the same time, we increased the pace in Germany, Benelux, Italy, Nordics and Switzerland, all delivering strong double-digit revenue growth and good profitability.

“Demand remained very healthy in the industrial segment, while the office business returned to organic growth and our professional staffing business clearly accelerated. We don’t see signs of a slowdown and will continue to exploit the opportunities in the current environment, while keeping a tight grip on costs and maintaining price discipline.”