Adecco Group Q2 profit rises

Adecco in the first half has made a profit of 335 million euro (363.5 million francs), down 1% compared to the same period in 2015. Revenues for the world number one of temporary work are advanced by 3% , to 11 billion euro.

With constant exchange rates, the increase in sales is 5%, according to today's statement from the Zurich group.
The EBITA Operating profit – before deducting interest, taxes, depreciation and amortization of goodwill (goodwill) – was 510 million euro, an increase of 3%. In the second quarter, net income instead advanced by 7% to 190 million euro, and the turnover of 2%, to 5.7 billion. The organic growth was 4%, similar to that of the first quarter.

The euro zone economy has sent some encouraging signals that challenges from Brexit to terrorism won’t derail its modest recovery, with France, Adecco’s largest market, set to return to growth this quarter. The numbers from France are affected by strikes and bad weather, "We have always said France would be the last country to recover and that's what we've seen," Adecco Chief Executive Alain Dehaze said in an interview.

"The maturity of the cycle is different according to countries. In the U.S., don't forget we have had growth for more than five years," CEO Alain Dehaze said. In Europe, "the recovery started much later, and counties like Spain and Italy went down in the last recession," he said.