Adecco sales top forecast as corporate Europe hires temps

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Reuters UK

By Andrey Sychev (Reuters) -Adecco Group beat first-quarter sales expectations on Thursday as companies turned to temporary workers after laying off staff to cope with economic uncertainty. The group reported an 8% rise in quarterly sales to 5.89 billion euros ($6.53 billion), beating analysts’ consensus forecast of 5.83 billion euros. Sales in its biggest unit Adecco, which offers permanent and flexible staffing services, grew 3% organically and brought in two-thirds of revenues in the quarter, underpinned by resilient demand for temporary workers. The division’s result was especially strong …

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