Manpower sees ‘favourable economic trends ahead’ as it exceeded its anticipated revenue plans in its Q1 results.

The results reveal:

• Net earnings for the quarter ended 31 March 2010 of $2.8m (£1.8m), compared to a loss of $1.8m on the same period last year
• Operating profit $33m
• Revenue $4.1b, up 13% on the same period last year

Jeffrey A Joerres, Manpower chairman and chief executive, says: “The Manpower team throughout the world performed extremely well. We were able to exceed our anticipated revenue plans while we effectively managed our expenses.

“We anticipate that favourable economic trends will continue into the second quarter, resulting in earnings per share of 14 cents to 22 cents. We anticipate the impact of currency changes on the quarter will be negligible.”