ZURICH (Reuters) – Adecco Group is continuing to see an increase in hiring and expects fourth-quarter revenues to grow modestly, the recruitment and temporary staffing company said on Tuesday, but warned that its customers are struggling to find enough skilled workers.
“Healthy demand is currently being impacted by issues created by the global pandemic, including supply chain shortages
and talent scarcity. This makes the path to recovery somewhat uneven in the months ahead,” the Swiss company said in a statement.
During the third quarter, revenues adjusted for currency movements, trading days and divestments, rose 9% to 5.22 billion euros ($6.06 billion), slightly shy of analyst forecasts for 5.28 billion euros in a company-gathered poll.
Operating income rose 75% to 196 million euros, reflecting an absence of one-off COVID-related charges, Adecco said, while shareholders’ net income of 133 million euros also just missed forecasts for 137 million euros.
($1 = 0.8618 euros)
(Reporting by Silke Koltrowitz and John Revill; editing by Emma Thomasson)
