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Adecco Q1 sales, net profit beat expectations on cost control
May 9, 2017 / 5:28 AM / 7 months ago

Adecco Q1 sales, net profit beat expectations on cost control

ZURICH, May 9 (Reuters) - Adecco’s first-quarter profit rose more than a fifth, better than expected, as the world’s largest temporary staffing company continued to get a lift from major markets like Germany and France while keeping a lid on costs.

Adecco said net profit attribute to shareholders rose to 176 million euros ($192.2 million) in the three months ended March 31, beating the average estimate of 165 million euros in a Reuters poll of analysts. Sales rose to 5.73 billion euros, also better than the poll average of 5.68 billion euros.

The Zurich-based company said on Tuesday its organic revenue growth momentum was maintained at 6 percent, despite a global economic outlook that remained uncertain. The positive trend continued in April, it added. ($1 = 0.9156 euros) (Reporting by John Miller; Editing by Michael Shields)

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