November 5, 2019 / 6:21 AM / 9 days ago

Adecco Q3 revenue drops as slowdown weighs

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below