Adecco Broadcast Group Limited reported the decline in turnover due to the coronacrisis in the third quarter. As lockdowns were relaxed in the summer, the demand for flexible labour also attracted some attention. However, CEO Alain Dehaze warns that the road to recovery is full of “bumps” as the coronavirus spreads rapidly again. Adecco’s turnover fell by 15% in the three months up to September compared to a year earlier. This is the autonomous turnover, adjusted for the number of working days, exchange rates and any acquisitions or divestment. In the second quarter, in which countries around the world partially shut down public life to stem the virus outbreak, Adecco was still facing a 28% decrease. Under the line, Adecco gained 80 million euros in profits, which is considerably less than the 179 million euros in the third quarter of 2019. This was partly due to higher restructuring costs in Germany. Randstad’s competitor has so far said that it has not seen any major impact from the renewed lockdowns that, for example, declared Germany and France. However, Adecco’s Summit expects that the tightening of the measures against the coronavirus will delay its own recovery.
