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Adecco Group AG
SIX:ADEN

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Adecco Group AG
SIX:ADEN
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Price: 23.7 CHF 1.98% Market Closed
Market Cap: 4B CHF

Adecco Group AG
Investor Relations

In the bustling world of workforce solutions, Adecco Group AG stands as a pivotal player, orchestrating the delicate dance between talented individuals and the myriad needs of businesses across the globe. Headquartered in Zurich, Switzerland, this multinational enterprise has cemented its reputation by seamlessly connecting employers with job seekers, aligning aspirations with opportunities. Adecco's success lies in its dynamic approach, leveraging a rich portfolio of services that range from temporary staffing to permanent placement, outsourcing, and the magical realm of talent development and transition. Navigating through over 60 countries, the firm's commitment is evident in its robust network, harnessing local expertise while advocating for the highest standards of labor solutions.

At the heart of Adecco's business model is its astute ability to capitalize on the fluidity of the labor market. The company thrives on the intricate demand for flexible workforce solutions, catering to businesses navigating the often volatile economic tides. By offering tailored services such as workforce management and recruitment process outsourcing, Adecco effectively becomes an indispensable strategic partner for its clients. Through these engagements, the group garners revenue by billing companies for the successful placement and short-to-long-term management of workforce needs. Meanwhile, job seekers benefit from the comprehensive support and career guidance provided, making Adecco not just a service provider, but a career catalyst. By harmonizing the varied interests of its stakeholders, Adecco Group AG perpetuates a cycle of growth fueled by the evolving world of work.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Strong Revenue Growth: Adecco Group reported Q3 revenues of EUR 5.8 billion, up 3.4% year-on-year on an organic trading days adjusted basis, with sequential improvement across all business units.

North America Turnaround: Adecco U.S. achieved standout results, with revenues rising 20% year-on-year, reflecting successful turnaround efforts and broad-based growth.

Margin Commitment On Track: The group achieved a 3.4% EBITA margin (excluding one-offs) and confirmed it is on track to meet its full-year EBITA margin floor of 3%.

Cash Flow Strength: Operating cash flow reached EUR 200 million in the quarter, up EUR 79 million from the prior year, and cash conversion hit 110%, driven by strong working capital management.

Cost Savings & Restructuring: Continued progress in cost reduction, especially at Akkodis Germany, where restructuring is on track to deliver EUR 50 million in targeted savings by year-end.

Leadership Transition: CFO Coram Williams will step down at year-end, with Valentina Ficaio internally promoted as successor to ensure continuity.

Q4 Outlook: Management expects Q4 revenue growth to be in line with Q3 and for gross margin and SG&A to remain broadly stable sequentially.

Key Financials
Revenue
EUR 5.8 billion
Gross Profit
EUR 1.1 billion
Gross Margin
19.2%
EBITA (excluding one-offs)
EUR 195 million
EBITA Margin (excluding one-offs)
3.4%
Adjusted EPS
EUR 0.67
Operating Cash Flow
EUR 200 million
Cash Conversion
110%
Free Cash Flow
EUR 170 million
Net Debt
EUR 2,705 million
Adecco Americas Revenue Growth
20% year-on-year
Adecco EMEA Revenue Growth (excluding France)
3% year-on-year
Adecco APAC Revenue Growth
9% year-on-year
Akkodis EBITA Margin
4.5%
Akkodis Annualized Savings Run Rate
EUR 36 million
LHH EBITA Margin
9%
Days Sales Outstanding (DSO)
53.6 days
Earnings Call Recording
Other Earnings Calls

Management

Mr. Christophe Catoir
President of Adecco Brand
No Bio Available
Mr. Philippe Foriel-Destezet
Honorary President
No Bio Available
Mr. Coram Williams
Chief Financial Officer
No Bio Available
Ms. Benita Barretto C.F.A.
Head of Investor Relations
No Bio Available
Mary Waddill
Director of Communications
No Bio Available
Ms. Valerie Paule Denise Beaulieu-James
Chief Sales & Marketing Officer
No Bio Available
Ms. Daniela Seabrook
Chief Human Resources Officer
No Bio Available
Mr. Nicholas Edward de la Grense C.F.A.
Group Head of Financial Planning & Analysis
No Bio Available
Mr. Ian Lee
President of Geographic Regions & Regional President of Workforce Solutions Asia Pacific
No Bio Available
Dr. Jan Gupta
President of Akkodis
No Bio Available

Contacts

Address
ZUERICH
Zurich
Bellerivestrasse 30
Contacts