DPA Flex under credit crisis pressure

Staffing agency DPA Flex said on Monday its turnover from financial institutions has come under pressure from the US credit crisis over the past few months.

Last year sales grew 13%, in line with expectations, but growth in the first half had been 15%, the company said.
Full-year earnings will also be hit by a one-off loss of €4m from the attempts to sell its Spanish staffing activities, DPA was reported as saying by ANP news agency.
DPA is due to publish its figures on March 5. The company said on Monday that is expects pre-tax profit margins in 2007 to be between 25% and 30%.

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