the division's net fee income to £36.7m in 2006 and expanding out of the UK into Holland, Germany and France. Since that time he has advised various recruitment companies on a consultancy basis, most recently
In August, the company’s second-quarter revenue increased marginally by +1% as business operations in Europe remained challenging, particularly in its largest single market France, with demand also slowing
.6% in August, reaching the highest level since the monthly data series began in 2004.
Economic conditions have impacted staffing services across Europe with countries such as Belgium, France and the Netherlands
% of unemployed jobseekers found jobs through the sector while in France and Italy, 40% of people coming to temporary agency work were previously unemployed. In Germany, this figure was even higher at over 60% last
to the adjusted Q1 2009 EBITA margin of 2.5%.
In Q1 2010, the Adecco Group reported operating income of 100 million Euro. Operating income was 30 million Euro in Q1 2009.
In France, revenues increased by +6
while markets in Australia and France deteriorated.
Net fees were down -1% organically to £360.3 million. But the firm saw net fees from temporary recruitment rise +4% to £212.3 million, compared to a -7
, the unemployment rate in the USA was 9.7% in May 2010 and 5.2% in Japan.
*The Euro area (EA16) consists of Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands