THE ADECCO GROUP REPORTS FY17 REVENUE UP 6% TO USD $28,341 MILLION
(Mar.2, 2018, /staffingindustry.com/)The Adecco Group today reported fourth-quarter revenue rose 7% on an organic basis — excluding the impact of currency, acquisitions and divestitures. The improvement was driven in particular by professional staffing in France, Italy and North America, UK & Ireland.
In North America, revenue fell 4% in general staffing on an organic basis. North America professional staffing revenue rose 2% organically; strong growth in engineering and technical, and finance and legal, was partly offset by a decline in IT.
Business process outsourcing revenue, or BPO, fell 30% on a constant currency basis. BPO includes the company's managed service provider and recruitment process outsourcing business lines.
The company also announced Shanthi Flynn, chief human resources officer for The Adecco Group, will leave the company for personal reasons by the end of April 2018. A successor has not yet been named.
“In 2017, we launched Adia and YOSS, both innovative digital solutions,” said Group CEO Alain Dehaze. “And in early 2018, we announced the acquisition of Vettery, a digital professional recruitment platform, expanding our portfolio of digital services and adding valuable talent and technology to the Adecco Group.” Revenue by business line