ZURICH, Nov 5 (Reuters) - Adecco Group said “challenging market conditions in Europe and the U.S.” were weighing on the temporary staffing company’s results as it reported a 2% drop in third-quarter revenue.
Revenue fell to 5.89 billion euros ($6.55 billion), the company said on Tuesday, just missing expectations for 5.92 billion, according to Refinitiv data. When adjusted for trading days and currency movements, the Swiss company’s revenue fell 4%.
Tough conditions continued at the start of the fourth quarter, Adecco said, with revenues down 4% when adjusted for trading days and currencies in September and October. (Reporting by John Revill; Editing by Michael Shields)