CHESEREX (dpa-AFX) - Swiss human resources firm Adecco SA (ADO.L, AHEXY.PK ADO.L, AHEXY.PK) reported a decline in first-quarter 2013 net income attributable to shareholders 67 million euros, from the prior year's 112 million euros, with basic earnings per share decreasing to 0.37 euros from 0.59 euros last year.
Group revenues for the quarter were 4.6 billion euros, down 10% year-over-year or down 8% in constant currency. Revenues for the quarter declined 7% organically or down 5% organically and adjusted for trading days.
In the first-quarter of 2013, currency fluctuations had a negative impact on revenues of approximately 2%.
The company said it continues to be very focused on reaching its mid-term EBITA margin target of above 5.5%. Given recent trends and more favourable economic conditions expected towards the end of 2013, the company said it is convinced it will achieve this target by 2015.
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