ManpowerGroup Posts Six Percent Revenue Decline

January 30, 2013 – ManpowerGroup/(NYSE:MAN) has posted revenues of $5.2 billion for the fourth quarter ended December 2012, a decrease of five percent from $5.5 billion a year earlier. The Milwaukee-based company’s earnings fell to $53.3 million, or 68 cents per share, in the quarter from $63.6 million, or 78 cents per share, a year ago. Annual revenue dropped six percent to $20.68 billion from $22.01 billion. Full-year net income was down 22 percent to $197.6 million, or $2.47 per share, from $251.6 million, or $3.04 per share, in the prior year. Jeffrey A. Joerres, ManpowerGroup chairman and CEO, said: “We remain appropriately optimistic as we look into 2013. We are on guard for potential disruption in all markets, particularly Europe, but at this time we do not anticipate any dramatic negatives. Our first quarter is traditionally a seasonally challenging period and given the tepid demand environment, we are anticipating the first quarter of 2013 diluted earnings per share to be in the range of 40 cents to 48 cents before reorganization charges.”

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