Adecco looks at Brexit as a good occasion

Recruitment giant Adecco's revenues rose 3% year-on-year to €5.8bn, with gross profit also increasing 1% over the period. Group earnings before interest, taxes and amortisation (EBITA) excluding one-offs was down 3%.  

Q3 revenue increased for the group in Uk, Ireland, France, Benelux and Nordics, Italy, Japan, Iberia, the Rest of World and the group’s career transition and talent development business Lee Hecht Harrison said.

The only two regions to report year-on-year declines in revenue over the period were North America and the DACH region of Germany, Austria and Switzerland.

Commenting on the results, chief executive Alain Dehaze said: “Thanks to the engagement of our colleagues and associates, the Adecco Group delivered another good performance in Q3 2016. Over 4% revenue increase from Britain and Ireland, Dehaze told Reuters in an interview that"Overall our UK business has given us good growth and there's good momentum going into the fourth quarter". 

September is seen is as a crucial month for the hiring industry, with employers deciding how many new employees they may need after examining their order books on their return from the summer holidays.

“We are strengthening our competitive position, working with leading partners to streamline our processes and upgrade our customer-facing and back office IT. We are also acting on areas of underperformance, improving the performance of businesses currently operating below their potential, and exiting those that structurally cannot achieve our goals.”

"One of our strategic priorities is inspiring talented people to join, stay, and grow with the Adecco Group, and so we were delighted to be placed 7th in the ranking of the World’s Best Multinational Workplaces, according to Great Place to Work and Fortune. This recognises that the Adecco Group’s culture of trust, informality, and team collaboration is appreciated by our colleagues – people who every day are proud of improving the lives of others through work.”