Adecco Group AG

ADEN: XSWX (CHE)
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Adecco Earnings: Weak Margin Performance Offsets Market Share Gains; Shares Overvalued

Adecco reported second-quarter revenue growth of 0.4%, driven by a 14% turnaround in the Americas and a 9% increase in Asia-Pacific, respectively. Improving top-line growth was offset by continued poor margin performance, driven by weakened organic growth margins.

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