ZURICH, May 8 (Reuters) - Adecco on Thursday
said its hiring numbers have shown "modest positive momentum"
since the start of April as the staffing company reported
better-than-expected earnings for the first three months of the
year.
The Swiss company, which provides temporary and permanent
staff to employers, reported operating income of 111 million
euros ($125.71 million) for the three months to the end of
March, ahead of analyst forecasts for 97 million euros.
Net income of 60 million euros beat forecasts for 49 million
euros.
Both figures were lower than a year earlier, while Adecco's
revenue fell 3% to 5.57 billion euros, beating forecasts for
5.51 billion euros in a company-gathered consensus of forecasts.
Recruiters have recently flagged concerns about a
worsening job market due to an escalating global trade war and
Europe's economic struggles.
CEO Denis Machuel said Adecco was dealing with the
increased macroeconomic uncertainty caused by changing trade
policy and was gaining market share from rivals.
Adecco's Dutch peer Randstad
last month
said its clients were currently holding back on investment
decisions, including whether to hire, while ManpowerGroup ( MAN )
said companies were taking a wait-and-see approach on
whether to take on new staff.
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