Adecco Group AG/€ADEN

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About Adecco Group AG

Adecco Group AG is a Swiss-based company operating in the human resources industry, providing workforce solutions worldwide. The company's core businesses include temporary staffing, permanent placement, career transition, and talent development services. Founded in 1996, Adecco was formed through the merger of Adia Interim and Ecco, creating a significant player in the staffing industry. Headquartered in Zurich, Switzerland, Adecco operates a vast network across multiple countries, enhancing its ability to serve diverse markets. The company leverages technology to innovate in talent acquisition and management, positioning itself strategically in a competitive landscape.
Ticker
€ADEN
Sector
Business services
Primary listing
XGAT
Employees
33,000
Headquarters
Zurich, Switzerland

Adecco Group AG Metrics

BasicAdvanced
€4.5B
15.11
€1.73
1.01
€1.09
4.18%

Bulls say / Bears say

Adecco delivered a fifth consecutive quarter of growth in Q2 2026, with organic revenue up 5.6%, group market share up 160 basis points and EBITA excluding one-offs up 21% year over year. (Adecco Group)
The core Adecco GBU showed broad geographic strength in Q2 2026, growing 6.6% overall, led by the Americas at 12%, APAC at 10% and EMEA excluding France at 8%. (Adecco Group)
Operational leverage and balance-sheet improvement support earnings upside: Q2 EBITA margin rose 30 basis points to 2.8%, productivity increased 6% and net debt/EBITDA was 0.5x lower than a year earlier. (Adecco Group)
Permanent recruitment remained weak: hiring for permanent roles declined by approximately 7% in both Adecco and LHH during Q1 2026, indicating continued softness in higher-value professional staffing. (Reuters)
Growth remains uneven across the portfolio: in Q2 2026, Akkodis grew only 1% year over year while LHH was flat, leaving much of the group’s momentum concentrated in the core Adecco staffing business. (Adecco Group)
The staffing cycle remains exposed to AI-related employment uncertainty: Adecco’s CEO said some companies were using AI as a justification for cuts linked to weaker performance or restructuring, which could delay client hiring and reduce demand for staffing services. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.

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