Daily NewsView All News
Amsterdam-based USG People reported revenue of euro1,069 million in the quarter ended Sept. 30, up 5% compared to the same period of last year mainly due to a German acquisition earlier this year. On an organic basis, results were down 1%.
The company reported deteriorating conditions for staffing in countries such as
The general staffing segment grew by 7% compared to the third quarter of 2007. This growth was positively impacted by the acquisition in
Third quarter gross margin was 24.1%, unchanged compared to the same quarter last year. Net income amounted to euro33 million, down 17.5% from euro 40 million in the third quarter of 2007. Net income was adversely impacted by higher financial expenses resulting from the non-cash valuation of derivatives for accounting purposes, and by higher amortization.