Adecco boosts third quarter profit 13 percent

AFP - [email protected] • 8 Nov, 2011 Updated Tue 8 Nov 2011 09:15 CEST

The world's biggest temporary staffing group Adecco said on Tuesday its third quarter profit rose 13 percent to €145 million ($199 million) and forecast a strong performance for the rest of the

The results, which were in line with analysts' expectations for the Switzerland-based firm, were built on a four percent increase in revenues to €5.27 billion for the three months ending September.

Adecco said it expected "another strong performance in the fourth quarter and remains absolutely confident it will achieve its target profit margin of above 5.5 percent in the medium term".

France, Adecco's biggest market, posted a seven percent growth in revenues to €1.6 billion while the United States saw a five percent rise to €903 million, the company said.



AFP 2011/11/08 09:15

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