Adecco’s Q3 results were broadly in line with consensus with profitability being slightly better than revenues. Permanent Placement recorded another strong quarter and the counter-cyclical Career Transition another weak one. Flexible Placement continued to recover but was also hindered by the automotive and electronic end-markets. Labour shortages were seen in hospitality and transport. Going forward, this is expected to continue, at least, for the short term. In terms of outlook, the group expe ....
