Temp giant Adecco sees fall in revenues

Temp giant Adecco sees fall in revenues
The world's biggest temporary employment agency, Adecco, announced on Wednesday a 4.5-percent fall in sales in the first two months of the third quarter.

The results, announced as the human resources specialist hosts its annual Investor Days event in Paris, follows a 4.0-percent decline in second quarter revenues.

"Revenue development in July was slightly weaker, mainly driven by France and Japan," Adecco said in a statement, with continuing "diverse geographical trends" characterized by largely unchanged revenues in Europe in July and August and a slight acceleration in North American revenues since June.

In the second quarter, the Swiss multinational posted a 20-percent fall in net profits to $148 million (137 million francs) with sales up 1.0 percent to ($6.8 billion).

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