Recruitment giant Adecco has seen ‘strong’ double-digit growth in revenues, according to its Q1 results.

The group’s results reveal:

• Q1 revenues up 24% or 18% on Q1 2010
• Gross profit of €854m (£760m), up 20%
• EBITA of €172m, up 53%
• Operating income of €158m, up 57%

Patrick De Maeseneire, chief executive of the Adecco Group, says: “While our growth continues to be mainly driven by the industrial business, the office business now grows at double-digit rates as well. Growth in professional staffing is encouraging, but the industrial business clearly still drives the strong top-line development.

“Our main markets, France and North America, maintained very robust growth rates in Q1. Our businesses in Germany, Italy and the Netherlands had outstanding growth, clearly above the market. Japan and the UK & Ireland returned to positive organic growth this quarter. We continue to focus on strict pricing and cost control and with the progress achieved to date, we are well on track to reach our mid-term EBITA margin target of over 5.5%.”