Adecco sales slip 1 pct in first three months of 2019

Advanced Enzyme Technologies

07/05/2019 06:11

ZURICH, May 7 (Reuters) - Adecco Group  ADEN.S  reported a 1
percent decline in revenues during the first three months of the
year, the temporary staffing company said on Tuesday, as the
European economy limped into the second quarter and the
U.S.-China trade war looked set to escalate.
    Revenues fell to 5.65 billion euros ($6.34 billion) in the
first quarter, down from 5.69 billion euros a year earlier,
while net profit rose 2 percent to 133 million euros as the
Swiss company increased its profit margin.
    "While revenues declined by 2 percent trading days adjusted,
year-on-year, the trend in our European markets stabilised
during the quarter," Chief Executive Alain Dehaze said. "We also
delivered accelerating growth in the Japan and Rest of World
region, which helped offset the slowdown in North America."

($1 = 0.8917 euros)

 (Reporting by John Revill)
 ((John.Revill@thomsonreuters.com; +41 58306 7022; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))