ManpowerGroup reports 6% increase in revenue

Staffing company ManpowerGroup reported a 6% increase in revenue for the second quarter of this year compared to the same period in 2013.

Tue, 22 Jul 2014Staffing company ManpowerGroup reported a 6% increase in revenue for the second quarter of this year compared to the same period in 2013.

The group’s revenue increased to $5.3bn (£3.1bn) and net earnings increased from $68.2m in 2013 to $109.8m, after being boosted by stronger foreign currencies.

In addition, last year’s second quarter results were hit by a $20m restructuring charge, primarily related to office consolidations and severance costs.  

Jonas Prising, chief executive of ManpowerGroup, says: "In the second quarter, we saw our revenue growth improve in a number of major operations including in the US, the UK and Italy. This, combined with our continued focus on efficiency and productivity, has resulted in good operational leverage and healthy earnings growth."

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