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Adecco Group AG
SIX:ADENE

Watchlist Manager
Adecco Group AG
SIX:ADENE
Watchlist
Price: 70.3 CHF
Market Cap: CHf5.3B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+0%
5Y
+14%
10Y
+7%
Operating Income
+
3Y
-25%
5Y
-14%
10Y
-49%
Net Income
+
3Y
-39%
5Y
+3 000%
10Y
+3 000%

Earnings Waterfall
Adecco Group AG

Income Statement
Adecco Group AG

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Income Statement
Currency: EUR
Jul-2001 Mar-2002 Jun-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Jan-2005 Apr-2005 Jul-2005 Oct-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
84
71
59
0
0
0
70
0
0
0
62
15
0
0
52
12
24
38
51
52
53
54
56
57
60
60
58
53
52
54
55
61
62
62
63
63
64
66
71
74
76
76
76
77
77
78
76
80
81
76
69
63
63
64
67
68
64
62
59
57
54
52
51
51
47
45
44
34
35
33
53
35
32
32
33
29
28
29
35
35
41
44
51
56
64
69
79
77
76
77
75
0
0
0
Revenue
9 039
N/A
8 720
-4%
8 438
-3%
8 193
-3%
7 853
-4%
12 096
+54%
16 226
+34%
16 201
0%
16 453
+2%
16 678
+1%
17 239
+3%
17 525
+2%
17 785
+1%
18 101
+2%
18 303
+1%
18 896
+3%
19 489
+3%
20 032
+3%
20 417
+2%
20 729
+2%
20 878
+1%
20 993
+1%
21 090
+0%
21 128
+0%
21 048
0%
20 707
-2%
19 965
-4%
18 639
-7%
17 028
-9%
15 645
-8%
14 797
-5%
15 056
+2%
16 111
+7%
17 448
+8%
18 656
+7%
19 609
+5%
20 129
+3%
20 344
+1%
20 545
+1%
20 665
+1%
20 694
+0%
20 703
+0%
20 536
-1%
20 057
-2%
19 793
-1%
19 547
-1%
19 503
0%
19 603
+1%
19 659
+0%
19 811
+1%
20 000
+1%
20 427
+2%
21 022
+3%
21 510
+2%
22 010
+2%
22 259
+1%
22 373
+1%
22 511
+1%
22 708
+1%
23 106
+2%
23 382
+1%
23 472
+0%
23 660
+1%
23 622
0%
23 702
+0%
23 797
+0%
23 867
+0%
23 820
0%
23 691
-1%
23 593
0%
23 427
-1%
22 921
-2%
21 179
-8%
20 116
-5%
19 561
-3%
19 393
-1%
20 475
+6%
20 860
+2%
20 949
+0%
21 424
+2%
22 099
+3%
22 923
+4%
23 640
+3%
24 086
+2%
24 146
+0%
24 060
0%
23 957
0%
23 782
-1%
23 628
-1%
23 374
-1%
23 138
-1%
22 994
-1%
22 925
0%
22 997
+0%
Gross Profit
Cost of Revenue
(7 308)
(7 072)
(6 898)
(6 741)
(6 494)
(10 031)
(13 469)
(13 490)
(13 709)
(13 897)
(14 365)
(14 601)
(14 820)
(15 076)
(15 217)
(15 675)
(16 144)
(16 572)
(16 871)
(17 105)
(17 066)
(17 092)
(17 163)
(17 182)
(17 171)
(16 920)
(16 292)
(15 189)
(13 941)
(12 817)
(12 148)
(12 381)
(13 251)
(14 348)
(15 327)
(16 138)
(16 607)
(16 814)
(16 979)
(17 037)
(17 025)
(16 993)
(16 862)
(16 478)
(16 247)
(16 006)
(15 943)
(15 996)
(16 031)
(16 171)
(16 297)
(16 620)
(17 079)
(17 446)
(17 831)
(18 041)
(18 125)
(18 250)
(18 432)
(18 763)
(19 019)
(19 106)
(19 314)
(19 321)
(19 385)
(19 447)
(19 434)
(19 340)
(19 190)
(19 070)
(18 923)
(18 503)
(17 103)
(16 237)
(15 772)
(15 600)
(16 411)
(16 659)
(16 668)
(16 990)
(17 468)
(18 111)
(18 666)
(19 009)
(19 083)
(19 022)
(18 988)
(18 937)
(18 891)
(18 774)
(18 642)
(18 544)
(18 517)
(18 587)
Gross Profit
1 730
N/A
1 647
-5%
1 540
-7%
1 452
-6%
1 359
-6%
2 065
+52%
2 757
+34%
2 711
-2%
2 744
+1%
2 781
+1%
2 874
+3%
2 924
+2%
2 965
+1%
3 025
+2%
3 086
+2%
3 221
+4%
3 345
+4%
3 460
+3%
3 546
+2%
3 624
+2%
3 812
+5%
3 901
+2%
3 927
+1%
3 946
+0%
3 877
-2%
3 787
-2%
3 673
-3%
3 450
-6%
3 087
-11%
2 828
-8%
2 649
-6%
2 675
+1%
2 860
+7%
3 100
+8%
3 329
+7%
3 471
+4%
3 522
+1%
3 530
+0%
3 566
+1%
3 628
+2%
3 669
+1%
3 710
+1%
3 674
-1%
3 579
-3%
3 546
-1%
3 541
0%
3 560
+1%
3 607
+1%
3 628
+1%
3 640
+0%
3 703
+2%
3 807
+3%
3 943
+4%
4 064
+3%
4 179
+3%
4 218
+1%
4 248
+1%
4 261
+0%
4 276
+0%
4 343
+2%
4 363
+0%
4 366
+0%
4 346
0%
4 301
-1%
4 317
+0%
4 350
+1%
4 433
+2%
4 480
+1%
4 501
+0%
4 523
+0%
4 504
0%
4 418
-2%
4 076
-8%
3 879
-5%
3 789
-2%
3 793
+0%
4 064
+7%
4 201
+3%
4 281
+2%
4 434
+4%
4 631
+4%
4 812
+4%
4 974
+3%
5 077
+2%
5 063
0%
5 038
0%
4 969
-1%
4 845
-2%
4 737
-2%
4 600
-3%
4 496
-2%
4 450
-1%
4 408
-1%
4 410
+0%
Operating Income
Operating Expenses
(1 743)
(1 505)
(1 288)
(1 215)
(1 113)
(1 656)
(2 248)
(2 253)
(2 308)
(2 334)
(2 344)
(2 346)
(2 343)
(2 392)
(2 472)
(2 566)
(2 645)
(2 702)
(2 730)
(2 767)
(2 835)
(2 871)
(2 873)
(2 877)
(2 826)
(2 788)
(2 769)
(2 761)
(2 683)
(2 541)
(2 271)
(2 348)
(2 398)
(2 549)
(2 622)
(2 746)
(2 765)
(2 776)
(2 803)
(2 855)
(2 910)
(2 967)
(2 918)
(2 958)
(2 907)
(2 836)
(2 748)
(2 766)
(2 758)
(2 762)
(2 775)
(2 827)
(2 926)
(3 000)
(3 073)
(3 121)
(3 132)
(3 152)
(3 178)
(3 200)
(3 213)
(3 214)
(3 218)
(3 233)
(3 271)
(3 333)
(3 405)
(3 444)
(3 468)
(3 500)
(3 499)
(3 501)
(3 367)
(3 247)
(3 181)
(3 130)
(3 235)
(3 337)
(3 419)
(3 592)
(3 850)
(4 083)
(4 300)
(4 355)
(4 344)
(4 292)
(4 228)
(4 114)
(4 015)
(3 926)
(3 913)
(3 903)
(3 877)
(3 864)
Selling, General & Administrative
(1 327)
(1 297)
(1 287)
(1 214)
(1 111)
(1 654)
(2 242)
(2 248)
(2 303)
(2 329)
(2 343)
(2 345)
(2 342)
(2 390)
(2 469)
(2 562)
(2 639)
(2 693)
(2 718)
(2 752)
(2 819)
(2 851)
(2 846)
(2 844)
(2 785)
(2 745)
(2 725)
(2 714)
(2 635)
(2 495)
(2 229)
(2 306)
(2 355)
(2 500)
(2 567)
(2 690)
(2 710)
(2 722)
(2 752)
(2 804)
(2 859)
(2 916)
(2 866)
(2 909)
(2 861)
(2 793)
(2 706)
(2 726)
(2 719)
(2 724)
(2 738)
(2 791)
(2 889)
(2 961)
(3 032)
(3 079)
(3 091)
(3 113)
(3 144)
(3 168)
(3 182)
(3 184)
(3 186)
(3 199)
(3 234)
(3 288)
(3 353)
(3 387)
(3 409)
(3 443)
(3 438)
(3 433)
(3 291)
(3 166)
(3 100)
(3 051)
(3 160)
(3 267)
(3 349)
(3 521)
(3 756)
(3 975)
(4 170)
(4 217)
(4 218)
(4 170)
(4 126)
(4 018)
(3 926)
(3 840)
(3 832)
(3 828)
(3 808)
(3 801)
Depreciation & Amortization
(416)
(208)
(1)
(2)
(2)
0
(6)
(5)
(5)
(5)
(1)
(1)
(1)
(2)
(3)
(4)
(6)
(9)
(12)
(15)
(16)
(20)
(27)
(33)
(41)
(43)
(44)
(47)
(48)
(46)
(42)
(42)
(43)
(49)
(55)
(56)
(55)
(54)
(51)
(51)
(51)
(51)
(52)
(49)
(46)
(43)
(42)
(40)
(39)
(38)
(37)
(36)
(37)
(39)
(41)
(42)
(41)
(39)
(34)
(32)
(31)
(30)
(32)
(34)
(37)
(45)
(52)
(57)
(59)
(57)
(64)
(71)
(79)
(84)
(81)
(79)
(75)
(70)
(70)
(71)
(94)
(108)
(130)
(138)
(126)
(122)
(102)
(96)
(89)
(86)
(81)
(75)
(69)
(63)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
3
3
3
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
(13)
N/A
142
N/A
251
+77%
237
-6%
246
+4%
409
+66%
509
+24%
458
-10%
436
-5%
447
+3%
530
+19%
578
+9%
622
+8%
633
+2%
614
-3%
655
+7%
700
+7%
758
+8%
816
+8%
857
+5%
977
+14%
1 030
+5%
1 054
+2%
1 069
+1%
1 051
-2%
999
-5%
904
-10%
689
-24%
404
-41%
287
-29%
378
+32%
327
-13%
462
+41%
551
+19%
707
+28%
725
+3%
757
+4%
754
0%
763
+1%
773
+1%
759
-2%
743
-2%
756
+2%
621
-18%
639
+3%
705
+10%
812
+15%
841
+4%
870
+3%
878
+1%
928
+6%
980
+6%
1 017
+4%
1 064
+5%
1 106
+4%
1 097
-1%
1 116
+2%
1 109
-1%
1 098
-1%
1 143
+4%
1 150
+1%
1 152
+0%
1 128
-2%
1 068
-5%
1 046
-2%
1 017
-3%
1 028
+1%
1 036
+1%
1 033
0%
1 023
-1%
1 005
-2%
917
-9%
709
-23%
632
-11%
608
-4%
663
+9%
829
+25%
864
+4%
862
0%
842
-2%
781
-7%
729
-7%
674
-8%
722
+7%
719
0%
746
+4%
741
-1%
731
-1%
722
-1%
674
-7%
583
-14%
547
-6%
531
-3%
546
+3%
Pre-Tax Income
Interest Income Expense
(74)
(63)
(54)
0
0
0
(68)
0
0
0
(54)
(15)
0
0
(50)
(12)
(24)
(38)
(33)
(52)
(53)
(54)
(56)
(57)
(60)
(60)
(58)
(53)
(52)
(54)
(52)
(61)
(62)
(62)
(63)
(63)
(64)
(66)
(66)
(74)
(73)
(73)
(73)
(74)
(77)
(78)
(76)
(80)
(81)
(76)
(59)
(63)
(63)
(64)
(49)
(68)
(64)
(62)
(36)
(57)
(54)
(52)
(41)
(51)
(47)
(45)
(28)
(34)
(35)
(33)
(16)
(26)
(18)
(14)
(13)
(10)
(9)
(10)
(12)
(17)
(14)
(14)
(17)
(18)
(35)
(43)
(57)
(83)
(75)
(74)
(37)
(39)
(42)
(44)
Non-Reccuring Items
(15)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(156)
(116)
(308)
(308)
(313)
(192)
0
0
(40)
0
0
0
0
0
0
0
(98)
0
0
0
(33)
(7)
(11)
(16)
(37)
(32)
(37)
(775)
(806)
(806)
(799)
(82)
(36)
(37)
(37)
(140)
(148)
(154)
(163)
(36)
(363)
(349)
(367)
(381)
(101)
(476)
(472)
(545)
(510)
(135)
(119)
(70)
(105)
(116)
(148)
(131)
(156)
(216)
(214)
(217)
(133)
(133)
(139)
(116)
(76)
(62)
(33)
(50)
Total Other Income
(5)
(8)
(6)
(53)
(39)
(58)
(2)
(61)
(57)
(52)
0
(41)
(60)
(57)
41
10
29
45
2
25
32
31
30
23
20
18
19
20
14
11
(4)
(5)
(4)
(4)
(1)
(1)
(13)
(10)
(11)
(2)
(9)
(12)
(1)
(21)
(4)
(2)
(5)
1
5
7
(5)
5
10
15
(5)
12
8
(21)
9
32
29
54
0
12
4
91
90
86
89
5
188
208
206
201
(17)
(19)
(16)
(16)
8
(4)
(16)
(25)
(50)
(39)
(34)
(33)
(44)
(28)
(23)
(24)
(27)
(23)
(31)
(30)
Pre-Tax Income
(106)
N/A
71
N/A
191
+170%
184
-4%
207
+13%
351
+70%
439
+25%
397
-10%
379
-5%
395
+4%
476
+21%
522
+10%
562
+8%
576
+2%
605
+5%
653
+8%
705
+8%
765
+9%
785
+3%
830
+6%
956
+15%
1 007
+5%
1 028
+2%
1 035
+1%
1 011
-2%
957
-5%
709
-26%
540
-24%
58
-89%
(64)
N/A
9
N/A
69
+667%
396
+474%
485
+22%
603
+24%
661
+10%
680
+3%
678
0%
686
+1%
697
+2%
677
-3%
658
-3%
584
-11%
526
-10%
558
+6%
625
+12%
698
+12%
755
+8%
783
+4%
793
+1%
827
+4%
890
+8%
927
+4%
240
-74%
246
+3%
235
-4%
261
+11%
944
+262%
1 035
+10%
1 081
+4%
1 088
+1%
1 014
-7%
939
-7%
875
-7%
840
-4%
1 027
+22%
727
-29%
739
+2%
720
-3%
614
-15%
1 076
+75%
623
-42%
425
-32%
274
-36%
68
-75%
499
+634%
685
+37%
768
+12%
753
-2%
705
-6%
603
-14%
559
-7%
451
-19%
449
0%
436
-3%
453
+4%
507
+12%
487
-4%
485
0%
460
-5%
443
-4%
423
-5%
425
+0%
422
-1%
Net Income
Tax Provision
(85)
(76)
(56)
(52)
(56)
(95)
(128)
(120)
(124)
(143)
(174)
(187)
(191)
(188)
(150)
(161)
(177)
(190)
(168)
(178)
(216)
(201)
(285)
(289)
(276)
(286)
(210)
(156)
(35)
9
(1)
(27)
(110)
(160)
(179)
(193)
(168)
(150)
(166)
(166)
(174)
(182)
(206)
(193)
(212)
(206)
(140)
(153)
(162)
(164)
(187)
(200)
(204)
(229)
(236)
(241)
(255)
(251)
(310)
(324)
(329)
(305)
(165)
(147)
(134)
(175)
(267)
(277)
(269)
(253)
(348)
(376)
(315)
(264)
(165)
(124)
(186)
(215)
(165)
(147)
(115)
(95)
(106)
(106)
(106)
(129)
(180)
(179)
(182)
(162)
(140)
(133)
(136)
(143)
Income from Continuing Operations
(191)
(5)
136
132
151
256
311
277
255
252
302
335
371
388
455
492
528
575
617
652
740
806
743
746
735
671
499
384
23
(55)
8
42
286
325
424
468
512
528
520
531
503
476
378
333
346
419
558
602
621
629
640
690
723
11
10
(6)
6
693
725
757
759
709
774
728
706
852
460
462
451
361
728
247
110
10
(97)
375
499
553
588
558
488
464
345
343
330
324
327
308
303
298
303
290
289
279
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
(2)
(2)
(3)
(5)
(6)
(8)
(9)
(9)
(8)
(7)
(6)
(4)
(4)
(3)
(1)
(1)
0
0
0
(1)
(1)
(2)
(2)
(1)
(1)
0
(1)
0
(1)
(1)
0
(1)
(1)
(2)
(2)
(2)
(2)
(2)
(3)
(2)
(2)
(2)
(1)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(1)
(2)
0
0
(1)
(1)
0
(2)
0
(1)
(1)
(1)
(2)
(2)
(4)
(2)
(3)
(3)
(1)
(2)
(1)
(2)
(1)
(1)
0
0
0
(1)
(1)
Net Income (Common)
(191)
N/A
(5)
+98%
136
N/A
132
-3%
150
+14%
254
+69%
305
+20%
271
-11%
280
+3%
278
-1%
332
+19%
365
+10%
370
+1%
387
+5%
453
+17%
490
+8%
525
+7%
570
+9%
611
+7%
644
+5%
731
+14%
797
+9%
735
-8%
739
+1%
729
-1%
667
-9%
495
-26%
381
-23%
22
-94%
(56)
N/A
8
N/A
42
+425%
286
+581%
324
+13%
423
+31%
466
+10%
510
+9%
527
+3%
519
-2%
531
+2%
502
-5%
475
-5%
377
-21%
332
-12%
346
+4%
418
+21%
557
+33%
600
+8%
619
+3%
627
+1%
638
+2%
688
+8%
720
+5%
9
-99%
8
-11%
(8)
N/A
5
N/A
691
+13 720%
723
+5%
755
+4%
757
+0%
707
-7%
788
+11%
742
-6%
720
-3%
867
+20%
458
-47%
461
+1%
450
-2%
359
-20%
727
+103%
246
-66%
108
-56%
9
-92%
(98)
N/A
374
N/A
498
+33%
551
+11%
586
+6%
554
-5%
486
-12%
461
-5%
342
-26%
342
N/A
327
-4%
322
-2%
325
+1%
306
-6%
302
-1%
298
-1%
303
+2%
290
-4%
289
0%
279
-3%
EPS (Diluted)
-1.03
N/A
-0.04
+96%
0.7
N/A
0.68
-3%
0.79
+16%
1.29
+63%
1.55
+20%
1.44
-7%
1.38
-4%
1.37
-1%
1.64
+20%
1.84
+12%
1.89
+3%
1.97
+4%
2.3
+17%
2.5
+9%
2.68
+7%
2.91
+9%
3.1
+7%
3.29
+6%
3.73
+13%
4.06
+9%
3.76
-7%
3.95
+5%
3.93
-1%
3.62
-8%
2.67
-26%
2.18
-18%
0.12
-94%
-0.3
N/A
0.05
N/A
0.21
+320%
1.45
+590%
1.66
+14%
2.17
+31%
2.4
+11%
2.64
+10%
2.77
+5%
2.72
-2%
2.79
+3%
2.62
-6%
2.51
-4%
2
-20%
1.8
-10%
1.91
+6%
2.32
+21%
3.08
+33%
3.35
+9%
3.47
+4%
3.56
+3%
3.61
+1%
3.96
+10%
4.14
+5%
0.05
-99%
0.05
N/A
-0.03
N/A
0.02
N/A
4.04
+20 100%
4.24
+5%
4.42
+4%
4.44
+0%
4.19
-6%
4.65
+11%
4.46
-4%
4.33
-3%
5.22
+21%
2.76
-47%
2.83
+3%
2.77
-2%
2.22
-20%
4.47
+101%
1.5
-66%
0.65
-57%
0.05
-92%
-0.61
N/A
2.32
N/A
3.08
+33%
3.41
+11%
3.6
+6%
3.32
-8%
2.9
-13%
2.77
-4%
2.05
-26%
2.04
0%
1.95
-4%
1.92
-2%
1.93
+1%
1.82
-6%
1.79
-2%
1.77
-1%
1.8
+2%
1.72
-4%
1.72
N/A
1.66
-3%

See Also

Summary
ADENE intrinsic value, competitors valuation, and company profile.
DCF Valuation
ADENE stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ADENE stock valuation using valuation multiples.
Wall Street Estimates
ADENE price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ADENE stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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