Arab Today, arab today adecco 2012 profit fall by 27
Last Updated : GMT 12:24:19
Arab Today, arab today
Arab Today, arab today

Adecco 2012 profit fall by 27%

Arab Today, arab today

Arab Today, arab today Adecco 2012 profit fall by 27%

Zurich - AFP

The world\'s biggest temporary staffing group, Adecco, on Wednesday posted a 27-percent drop in its 2012 net profit to 377 million euros ($492 million) owing to plummeting activities in its main market, France. In the fourth quarter of the year, Adecco\'s net profit plunged to 35 million euros from 133 million in the same period a year earlier, missing an analyst forecast compiled by Dow Jones Newswires of 86 million euros. Adecco shares slid by 4.20 percent to 52.40 Swiss francs (42.50 euros, $55.34) in early trading on a Swiss stock exchange that was down by just 0.36 percent overall. For all of 2012, Adecco sales were three percent lower at constant currency rates, at 20.5 billion euros, while core operating profit fell by 11 percent to 725 million euros. \"Most of Europe was challenging and we faced double-digit revenue declines in France, Italy and Iberia,\" explained company chief executive Patrick De Maeseneire in a statement. He explained later in a conference call that the weak performance in France stemmed from problems in the auto and industrial manufacturing sectors. In the fourth quarter of 2012, the company, which is restructuring its French activities, said that sales there fell by 17 percent to 1.2 billion euros. Britain and Ireland were bright spots in Europe last year, with annual sales rising by six percent, while Adecco gained market share and saw sales rise by one percent in Germany and Austria, De Maeseneire said. Outside of Europe, Adecco posted a solid performance in North America, where sales grew by eight percent in the final quarter of 2012, and in emerging markets where it posted double-digit growth. For 2012, the company\'s board plans to propose a stable dividend of 1.80 Swiss francs per share.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today adecco 2012 profit fall by 27 Arab Today, arab today adecco 2012 profit fall by 27

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today adecco 2012 profit fall by 27 Arab Today, arab today adecco 2012 profit fall by 27

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 05:52 2017 Wednesday ,28 June

Suzanne Tamim’s father refuses to give comment

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday