Manpower revenues rise 9% in three months to 30 June

Manpower Group has seen revenues rise 9% year-on-year, according to results for the three months to 30 June 2018.

The results, released by the recruitment giant late last week, reveal revenues for the second quarter were $5.7bn (£4.3bn), with net earnings of $143.4m compared with net earnings of $117.0m in the same quarter last year.

Incurred restructuring costs over the quarter reduced earnings per share by 18 cents, while results were affected by stronger foreign currencies relative to the US dollar compared with Q2 2017.  On a constant currency basis, revenues increased 4% and earnings per share increased 21%. 

The group posted H1 2018 earnings of $240.4m, compared with net earnings of $191.4m in H1 2017, with revenue of $11.2bn, up 13% on the same period last year.

ManpowerGroup chairman & CEO Jonas Prising pointed to “solid” second quarter results that contributed to a good first half of 2018. 

“Demand for our innovative workforce solutions remains strong and with our market leading global footprint this environment should provide us with opportunities for profitable growth,” he added.

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