Adecco’s Q1 figures came in above consensus. The impact of COVID-19 was quite limited in the first quarter and therefore we expect Q2 will be deeply affected. While we believe a recovery is likely in H2, the positive effects of the lifting of containments should take some time to be visible.
06 May 2020
Relatively small effect of COVID-19 in Q1
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Relatively small effect of COVID-19 in Q1
Adecco Group AG (0QNM:LON) | 3,100 0 0.0% | Mkt Cap: 5,221m
- Published:
06 May 2020 -
Author:
Luis Pereira -
Pages:
3
Adecco’s Q1 figures came in above consensus. The impact of COVID-19 was quite limited in the first quarter and therefore we expect Q2 will be deeply affected. While we believe a recovery is likely in H2, the positive effects of the lifting of containments should take some time to be visible.