2023-11-02 08:02:20
Adecco Group publishes adjusted EPS down 6% to 0.85 euros for the third quarter of 2023, but an EBITA margin excluding non-recurring items increased by 40 basis points to 4%, for revenues down 1 % to 5.96 billion (+3% organically).
‘In a difficult macroeconomic environment, Adecco gained market share in all regions, with margin expansion thanks to pricing discipline, productivity gains and good cost control,’ underlines its CEO Denis Machuel.
In terms of outlook, the Swiss human resources services group claims growth at the end of the period ‘in line with its third quarter levels’, as well as ‘resilient’ volumes in October.
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