ManpowerGroup shows no growth in Q2

M

The American staffing group ManpowerGroup ended in lower results in the second quarter than a year earlier. The company also experienced considerable headwinds from negative exchange rate effects.

Turnover fell by 5 percent to 5.4 billion dollars. Excluding exchange rates, sales were flat. The net profit decreased by 8 percent to more than 127 million dollars on an annual basis. According to ManpowerGroup, major differences are visible in the global labor markets where the company operates. The company indicated that it expected improvement in organic growth in the third quarter.


By: Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by [email protected]

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Categories

About us

EconomicInform, EconomicInform.com is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.