ZURICH, Aug 7 (Reuters) - Adecco, the world’s largest staffing company, said underlying revenue growth slowed slightly to 5 percent in the second-quarter, underscoring the fragility of Europe’s touch-and-go economic recovery.
The staffing sector is generally seen as a barometer of economic health, since companies tend to hire temporary workers at the beginning of a recovery when most businesses are reluctant to commit to full-time hiring.
Adecco’s underlying revenues, excluding currency moves, rose 5 percent in the second quarter to 4.99 billion euros, falling slightly shy of the average analyst forecast for 5.07 billion in a Reuters poll.
Net profit rose 15 percent to 145 million euros, in line with the analyst consensus.
Reporting by Caroline Copley