Global recruitment firm and job portal Adecco has experienced a 4% jump in revenue thanks to strong global growth, especially in Italy, Iberia and France.
According to the company’s latest Q4 results, full-year revenues of €22,708m are up from €22,010m, while gross profit increased to €4,276m, from €4,179m over the same period.
n Q4, revenues rose to €5,689m from €5,672m in the previous quarter, while gross profit increased to €1,106m from €1,091m in Q3 2016.
In the UK and Ireland, the group saw revenues of Q4 revenues of 517m, up 3% or 5% trading days adjusted. Revenues in professional staffing fell by 5%, with declines of 3% in IT and 19% in finance and legal.
Commenting on the results, group CEO Alain Dehaze said in a blog post: “In Q4 and full-year 2016, the Adecco Group delivered a solid performance, thanks to our more than 33,000 colleagues and over 700,000 associates around the world”.
Adecco is the parent company of a wide variety of job portals in France, the United Kingdom and Europe including Modis and Spring Professional.
