Adecco CEO on 3Q Earnings, Wage Growth, German Economy

The transcript discusses Randstad's positive performance in Q4, highlighting growth in various geographies, particularly in Europe and the US. The US labor market shows growth in permanent recruitment despite recent hurricanes. Wage inflation is observed in the US, Germany, and Switzerland, with limited impact. The German economy remains strong, with stable GDP forecasts. Brexit has affected professional staffing in the UK, with a decrease in recruitment of higher-skilled individuals, while general staffing shows growth.

What was Randstad's performance in the third quarter?

• They were below consensus expectations.

• They exceeded consensus expectations.

• They faced significant losses.

• They matched consensus expectations.

How did the hurricanes affect the US labor market according to the transcript?

• They caused a significant decline in recruitment.

• They led to a temporary halt in hiring.

• They boosted the labor market.

• They had no material impact.

In which countries is wage inflation between 2% and 4% observed?

• United States, France, and Italy

• Switzerland, Italy, and Spain

• Germany, France, and Spain

• United States, Germany, and Switzerland

What is the impact of Brexit on professional recruitment in the UK?

• No impact on recruitment

• Increased hiring of skilled professionals

• Reluctance to hire permanently

• Boost in temporary staffing

What growth did Randstad experience in the UK during the third quarter?

• A decrease in temporary staffing

• No growth in professional recruitment

• 19% growth in staffing

• A decline in general staffing