RÉSULTATS DU GROUPE ADECCO AU PREMIER TRIMESTRE 2026

Adecco Group reported significant revenue growth, an increase in market share, and improved profitability due to rigorous execution. The company noted an organic revenue growth of 5.3% year-over-year and a continued strong gain in market share, with the Group increasing by 365 basis points and Adecco by 210 basis points compared to its main competitors.

In terms of its global business units, Adecco achieved a year-over-year growth of 7%, with notable increases in the Americas at 15%, APAC at 8%, and EMEA outside of France at 7%. However, Akkodis and LHH both reported a decline of 1% compared to the previous year.

The gross margin stood at a healthy 18.8%, reflecting a 40 basis point decrease year-over-year, while the adjusted EBITA was €148 million, representing a 24% increase year-over-year. The EBITA margin was robust at 2.6%, showing a 20 basis points increase year-over-year, driven by higher volumes, price management, and an increase in productivity by 4% compared to the previous year.

Adecco also reported a strong operating profit of €127 million, up 28% year-over-year, with a net income of €69 million, increasing by 41% year-over-year. The basic earnings per share (EPS) reached €0.41, a 40% increase year-over-year, while adjusted EPS was €0.50, up 6% year-over-year.

The company demonstrated a strong cash conversion rate of 94% over the past twelve months, despite an operating cash flow of -€178 million due to working capital absorption. The net debt to EBITDA ratio was -0.2x year-over-year, in line with the planned de-leveraging trajectory through the end of 2025.

Denis Machuel, CEO of the Adecco Group, commented on the performance, praising the company's strategy and execution that facilitated a strong start in 2026. He highlighted that Adecco continues to outpace the market with growth across all regions and double-digit increases in several key areas while maintaining healthy margins and solid EBITA.