Adecco Posts Revenue Gains of 29 Percent

August 13, 2010 – Swiss-based HR solutions company Adecco has posted second quarter revenues of EUR 4.6 billion, up 29 percent compared to the same period a year ago. Permanent placement revenues amounted to EUR 77 million in Q2 2010, an increase of 70 percent in constant currency (+27 percent organically) and outplacement revenues totaled EUR 60 million, a decline of 30 percent in constant currency. Adecco Group reported operating income of EUR 154 million. “Business conditions in Q2 2010 improved considerably. We delivered strong growth in our main markets France and North America. Also Germany, Italy, Nordics and the Emerging Markets posted strong double-digit revenue growth,” said Patrick De Maeseneire, CEO. “Demand was particularly strong in the industrial segment, but also our professional staffing business returned to growth in the second quarter.”