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Adecco: Q2 EPS down 17%

( - Adecco Group has reported Q2 2022 adjusted EPS that is down 17% to 0.
85 euro, along with an EBITA margin excluding extraordinary items that is down 100 bp to 3.5%, which is says as expected, reflects the plan.

The Swiss human resources services group nevertheless announced a strong gross margin of 21.1% (+100bp), driven by the change in portfolio, the positive mix and prices, for revenues that are up 13% to 5.94 billion euros (+4% in organic terms).

Adecco points to strong business momentum at the start of Q3, while recognising the challenges posed by the current macroeconomic environment, and therefore anticipates solid y-o-y revenue growth for the current quarter.

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