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Feb. 25, 2021, 2:18 a.m. EST

Adecco profit and revenue fall

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By Kim Richters

Adecco Group AG on Thursday reported a fall in fourth-quarter net profit, while revenue also declined.

The Swiss human-resources company made a net profit for the quarter of 149 million euros ($181.3 million) compared with EUR256 million for the same period a year earlier. The decline was mainly due to gains related to the divestment of its Soliant business in 2019's fourth quarter, it said.

Revenue was down 9% to EUR5.41 billion.

Adecco said it would propose a total dividend of 2.50 Swiss francs ($2.76) a share for 2020 and would resume its share buyback program in phases that could take up to three years.

It said January revenues were 2% lower year-on-year on an organic and trading-days adjusted basis, while volume trends in February showed a similar trend.

Write to Kim Richters at kim.richters@wsj.com

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