By John Revill
ZURICH (Reuters) -Adecco said it expected its revenue to continue to grow in the last three months of 2025 after the staffing company on Thursday reported better-than-expected third quarter sales and profit.
The Swiss company’s sales rose 1% to 5.78 billion euros ($6.74 billion) in the three months to the end of September, slightly ahead of analyst forecasts for 5.76 billion euros in a company-gathered consensus.
When adjusted for trading days and currency moves, the company said its revenue increased by 3.4% from a year ago, and was 3% higher sequentially.
“Based on Q4 volumes to date, the Group expects revenue growth in Q4 to be in line with Q3 revenue growth,” Adecco said, referring to the 3% figure.
Staffing companies such as Adecco are bellwethers for the broader economy, reflecting the hiring intentions and confidence of companies that use them to source staff.
Revenue for Adecco’s general staffing business grew 4%, as Europe excluding France returned to growth, and North America improved strongly.
Third quarter net income fell 10% to 89 million euros, less than the expected fall to 70 million euros. The downturn was 2% when currency effects were removed.
“Our positive trajectory has continued in mixed markets, with further market share gains and good growth,” said CEO Denis Machuel in a statement.
Recruiters like Adecco have found themselves in a tight spot as an on-again-off-again global trade war and economic struggles in major European economies cloud labour markets.
Rival Randstad last month reported a 1.2% dip in its third-quarter sales, with its CEO Sander van’t Noordende warning that the U.S. and northern Europe labour market was “pretty stagnant.”
Separately on Thursday, Adecco also said Chief Financial Officer Coram William will step down at the end of the year, to become CFO at an automotive company in Germany.
He will be replaced by Valentina Ficaio, who is currently group senior vice president finance at Adecco.
($1 = 0.8575 euros)
(Reporting by John Revill, Editing by Friederike Heine and Janane Venkatraman)
