Adecco says employer confidence slightly higher after Q1 beat
CEO says confidence is slightly higher
Employees still cautious about switching jobs
Says company is taking market share from rivals
Q1 sales, profit slightly ahead of forecasts
Recasts, adding CEO comments, background
By John Revill
ZURICH, May 7 (Reuters) -Adecco ADEN.S is seeing slightly improved confidence from employers, the staffing company said on Tuesday, although it was too early to say when a full economic rebound would get underway.
Recruiters - seen as bellwethers for the broader economy - have been flagging tough hiring conditions in recent quarters, as workers prefer to avoid the risk of changing jobs.
Many companies are also laying off staff or freezing recruitment as they cope with high inflation, interest rates and the impact of the war in Ukraine.
"Employers generally are a bit more confident than they were several months ago," Chief Executive Denis Machuel told Reuters after Adecco posted first-quarter results ahead of expectations.
But uncertainties remained, he said, with France and Britain showing downturns and employees still cautious about switching jobs.
"We are navigating uncertain waters," Machuel said. "There are some places where we see very good dynamics in the market but in others it is more soft."
For the three months to the end of March, Adecco reported revenue falling 3% to 5.72 billion euros, slightly ahead of forecasts for 5.69 billion euros.
When adjusted for trading days, currencies and acquisitions, the Swiss company's revenue was flat when compared with a year earlier.
The trend had also continued into April, with volumes - the number of people and hours it was placing with employers - showing demand had remained steady.
First quarter net profit fell to 20% to 73 million euros ($78.57 million), beating analyst forecasts for 59 million euros.
Still, giving a time-frame for a full economic recovery was "very delicate," Machuel said, saying Adecco was concentrating on its own business and taking market share from rivals.
Dutch staffing company Randstad RAND.AS last month reported a 7.8% drop in its first-quarter revenue, while American peer ManpowerGroup MAN.N meanwhile reported an 7.3% decline.
"We have outperformed our two key international rivals," said Adecco Chief Financial Officer Coram Williams. "This shows we are taking market share."
($1 = 0.9291 euros)
Reporting by John Revill, editing by Andrey Sychev and David Evans
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
