ManpowerGroup Posts Six Percent Q1 Revenue Decline

April 22, 2013 – ManpowerGroup/(NYSE:MAN) has posted revenues of $4.8 billion for the first quarter, a decrease of six percent from revenues of $5.1 billion a year earlier. Revenue fell across the company’s geographic regions in the Americas and Europe during the January-March period. The Milwaukee-based company recorded earnings of $23.9 million, or 31 cents per diluted share, compared to net earnings of $40.2 million, or 50 cents per diluted share, a year earlier. Jeffrey A. Joerres, ManpowerGroup chairman and CEO, said: “The first quarter performance was largely attributed to slightly stronger than anticipated revenues and tax credits. Our team has done an outstanding job dealing with the high levels of uncertainty in Europe and has continued to address client and prospect needs with our unique suite of solutions.”

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