Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Adecco Group AG is a Swiss-French multinational corporation headquartered in Zurich, Switzerland, recognized as the world's leading talent solutions and advisory company and the second-largest human resources provider and temporary staffing firm. Formed in 1997 through the merger of French Ecco and Swiss Adia Interim, it delivers comprehensive workforce solutions including temporary and permanent staffing, career transition services, talent development, upskilling, business process outsourcing, and consulting across office, industrial, technical, financial, legal, and technology sectors. The company operates three global business units—Adecco for flexible workforce solutions, Akkodis for technology and digital engineering expertise, and LHH for talent development and workforce transformation—serving over 100,000 clients in 60 countries and enabling more than 2 million careers annually with around 35,000 company employees and 167,000 total FTEs including associates. As a Fortune Global 500 entity listed on the SIX Swiss Exchange, Adecco Group AG plays a pivotal role in bridging talent gaps, powering digital transformation, and fostering inclusive labor markets amid megatrends like AI and technological change. Its strategic focus on sustainability, innovation, and partnerships underscores its significance in shaping the global future of work.
Operating margin is thin at 2.33%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 0.2% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 14% versus the prior year, cash generation momentum has weakened. Net debt of €2.79B represents 5.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (FY)
€23.08B
▼ -0.2% YoY
Net Income (FY)
€294M
▼ -3.0% YoY
Op. Margin
2.33%
▲ +0.1pp YoY
ROIC
5.35%
▲ +0.5pp YoY
Cash Flow & Balance Sheet
FCF (FY)
€483M
▼ -14.2% YoY
Op. Cash Flow (FY)
€492M
▼ -16.2% YoY
Net Debt
€2.79B
Cash & Equiv.
€388M
3Y CAGR: -0.8%
3Y CAGR: +13.8%
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