FINANCIALS: Adecco posts rise in revenues but slower growth

Adecco Group has seen a marginal increase in revenues in the first two months of Q3 2018.

An update, released by the recruitment giant this morning, reveals that in July and August, revenues increased by 2% organically and trading days adjusted, while volume trends in early September indicate a slight deceleration on first two months of Q3 2018. 

Compared to the previous quarter, growth in Continental Europe slowed, consistent with softer market and economic data.

While in Germany revenue growth has continued to be affected by the consolidation of the group’s Adecco and Tuja general staffing brands, in markets such as France, where the firm’s ‘Perform, Transform and Innovate’ strategy is most well established, the group continues to see solid performances.

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