On November 2, The Adecco Group reported the third quarter of fiscal 2021, with operating income continuing to grow and a record gross margin of 20.8% against the backdrop of continuous product portfolio optimization and efficient execution of pricing strategies. Operating profit of EUR 196 million increased by 75% year-on-year. The Group has made significant strides at a strategic level with the acquisition of QAPA (France's second largest provider of digital workforce solutions) and BPI Group (a French consulting services provider), as well as restructuring the Talent Solutions/LHH operating model and completing financing arrangements for the acquisition of AKKA ( an engineering and technical consultancy ) .
Commenting on the third quarter of fiscal 2021, Alain Dehaze, CEO of Adecco Group, said: "Based on the implementation and implementation of the Group's Future@Work strategy by the Group's three major business model brands, Adecco, LHH and Modis, the Group achieved revenue growth and record gross margins and industry-leading operating interest rates, which fully demonstrate the strength of the Group's portfolio and investment in high-value services.
Looking at the global footprint, Adecco 's (Workforce Solutions Brand) revenue in Southern Europe and EEMENA (Greece, Poland, Romania, Slovenia, Turkey), Latin America, Canada and Asia Pacific was higher than in 2019 levels, with Japan and Australia particularly outperforming. LHH (Talent Solutions Brand) has seen strong growth in professional recruitment and its long-term recruitment has surpassed 2019 levels. Modis (the technology solutions brand) performed strongly, with revenue above 2019 levels.
At the same time, I am pleased to see that the integration plan with AKKA is progressing at full speed, with the financing arrangement for the acquisition successfully completed in September and expected to take a controlling stake in early 2022. ”
About us
® FESCO Adecco is a Sino-foreign joint venture human resources service enterprise established in Shanghai in 2010 by FESCO Group, the first pioneering enterprise in the Chinese resource service industry, and The Adecco Group, the world's leading human resources consulting and solution provider, to provide enterprises and individuals with human resources solutions such as business outsourcing, personnel services, headhunting and employee welfare. At present, FESCO Adecco has set up branches in Chongqing, Zhejiang, Shenzhen, Suzhou, Shaanxi and Hunan, serving more than 2 million people and serving more than 20,000 customers nationwide. Focusing on talent and technology, FESCO Adecco is committed to being a trusted and respected HR solution provider.
![The French men's basketball team announced a luxurious lineup, the dream team is another fierce rival, the great Emperor Wenban regretted to be absent After the United States, the French men's basketball team also announced the final squad for the men's basketball World Cup today[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)