ZURICH Nov 6 Adecco, the world's No.
1 staffing agency, beat expectations for third-quarter net
profit and said it expects increasing demand for flexible labour
in Europe as the region emerges from recession.
"In Q3 2013 we returned to growth in many countries in
Europe and the pick-up in Italy, Germany and Spain is especially
encouraging," Chief Executive Patrick De Maeseneire said in a
statement on Wednesday.
Third-quarter net profit rose 61 percent to 191 million
euros, smashing the average analyst forecast of 137 million in a
Revenues at the Switzerland-based firm fell 5 percent to
5.033 billion euros, hurt by volatile currency swings and
slightly below the average analyst forecast.
But excluding currency effects, revenue growth was flat and
Adecco said it returned to growth in October.
(Reporting by Caroline Copley)