’s Q3 2016 revenue totalled EUR 5.811bn,which marks an increase by 2% from the last year’s figure.
This year’s acquisitions generated an increase in the Group’s revenues by 1%, whereas FX fluctuations caused a loss at 2%.
The General Staffing segment grew by 3% in comparison with the previous year. Professional Staffing services generated growth at 4%, and Permanent
Placement services grew by 5%.
A solid growth in Poland
In Poland, Adecco’s revenues grew by 6%.
“Adecco also doubled its growth in the Professional and Consulting services segments, which shows that Polish employers are increasingly aware of the low
unemployment rate and try to retain their employees as long as possible,” explains Anna Wicha, Adecco Poland’s CEO. “The trend will strengthen further on
in Poland for as long as employees are the ones to dictate conditions for the market. With the unemployment rate at 8.2%
and the large volume of Christmas time seasonal work upcoming, the prospects of further grow in demand for our services definitely look promising.”
The highest growth figures were recorded by the logistic sector – 62% more than in the previous year – and by the chemical and pharmaceutical sectors – at
“The growth in the logistics segment is the result of the upcoming Christmas season, which involves both traditional commerce and e-commerce. One of the
leaders in logistics segment, based near Poznan and Wroclaw, has already hired more than 9,000 people to meet the season’s demand. They are definitely not
going to stop at that,” says Anna Wicha.
At the same time, there was a decrease in demand for Adecco’s services from the automotive industry, which reflects the current global trend.
Italy is the leader, and Germany shows decreases
Adecco Group generated an impressive increase in revenues of 13% in Italy. Such significant increase was primarily the result of legislative changes in
2015, which extended the scope of temporary contracts and increased the flexibility of staff hiring and dismissing policies
On the German, Austrian and Swiss markets, Adecco Group experienced a slowdown at 2%, which was mostly due to a downturn on the automotive market.
“In Germany alone, Volkswagen announced they would shed 23,000 jobs
,” says Anna Wicha. “This is a huge workforce reduction, and inevitably, it affects temporary workers as well.”
In this group, the highest slowdown was faced by Switzerland (a decrease by 3%), with more cuts in the medical sector and in export-related sectors.
“Poland is a very prospective market, both in terms of demand for temporary employment and for permanent placement services,” the CEO emphasizes. “Where
markets show high unemployment rates, employers can afford to hire and dismiss workforce and to hunt for talents by trial and error. Where employees are
the ones to dictate conditions, it’s time to resort to professionals. Which is why Spring Professional was launched this year – Adecco Group’s dedicated
brand which brings together specialists and professionals,” concludes Anna Wicha.