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Adecco performs well in first quarter

Adecco, the world's largest temporary employment firm, said on Wednesday that its first quarter net profit rose 30 per cent to SFr161 million ($95 million).

The results, which were in line with analysts’ forecasts, included figures for the United States-based group Olsten, which Adecco acquired last year.

The acquisition significantly increased the importance of the North American market for Adecco, which itself was formed in 1996 from the merger of Switzerland’s Adia and the French company, Ecco.

The group said earnings in North America were up considerably despite the economic slowdown and that the company remained well positioned for further growth.

swissinfo with agencies

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SWI - a branch of Swiss Broadcasting Corporation SRG SSR

SWI - a branch of Swiss Broadcasting Corporation SRG SSR