Adecco Group reported stable net profit in the second quarter, with earnings per share increasing from last year. However, adjusted EBITA and margin fell with slightly lower revenues. Looking ahead, the company expects positive momentum to continue in the third quarter, with gross margin expected to rise sequentially. Net income remained at 58 million euros, while earnings per share grew to 0.35 euro. Adjusted earnings per share were 0.46 euro, down from 0.64 euro last year. Adjusted EBITA was 141 million euros, a 21% decrease from the prior year, with revenues dropping 1%.

In the second quarter, Adecco Group reported stable net profit with slightly lower revenues. Adjusted EBITA and margin fell, while earnings per share increased from last year. Looking ahead, the company expects positive momentum to continue in the third quarter, with gross margin expected to rise sequentially. Net income remained at 58 million euros, while earnings per share grew to 0.35 euro. Adjusted earnings per share were 0.46 euro, down from 0.64 euro last year. Adjusted EBITA was 141 million euros, a 21% decrease from the prior year, with revenues dropping 1%.

Read more at Nasdaq: Adecco Q2 Profit Stable, Adj. EBITA Down; Says Positive Momentum Continues