FINANCIALS: Group revenues up for Adecco

Adecco is reporting “significant revenue improvement” and strong margin performance in its Q2 2021 financial results, announced today (28 July 2021).

Group revenues were up by 29% to €5,263,000 (£4,481,312) on an organic trading days adjusted basis, compared to €4,181,000 in Q2 2020. Growth was strongest in higher-value activities such as permanent placement (up 88%) and training, upskilling and reskilling (up 78%).

Gross profit was up 39% organically, with growth in all global business units, and gross margin up slightly more than 20%, which the organisation said reflected an improved mix and pricing discipline.

Revenue growth improved across all regions, particularly in France and Southern Europe and EEMENA.

The UK & Ireland, part of the Adecco Northern Europe segment, grew revenues by 14%, compared to 23% growth from the Benelux countries and 30% in the Nordics.

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