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Adecco Group (ADEN) investor relations material

Adecco Group CMD 2025 Presentation summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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CMD 2025 Presentation summary26 Nov, 2025

Strategic direction and market context

  • Focus on two pillars: Strengthen RUN (commercial and operational excellence) and Accelerate CHANGE (innovation and transformation, especially with AI).

  • Sustained market share gains, outperforming key competitors, and expanding in higher-value solutions and dynamic geographies.

  • Addressing major trends: geopolitical fragmentation, technological advances (AI, automation), and demographic shifts.

  • Digital and AI are central to future growth, with significant investments in scalable, modular platforms and agentic AI.

  • Strategic partnerships and multi-GBU client relationships drive revenue quality and retention.

Business unit performance and transformation

  • Akkodis: Executing Germany turnaround, expanding in aerospace, defense, and automotive, and accelerating off-shore delivery; targeting double-digit EBITA margin mid-term.

  • Adecco: Continued expansion in higher-value solutions, SME penetration, US turnaround, and France competitiveness; scaling Talent Supply Chain and agentic AI.

  • LHH: Category leader in professional talent, strong market share gains, innovation in AI-driven recruitment, coaching, and career transition; moving towards double-digit EBITA margin.

  • All units leveraging digital platforms, centralized hubs, and AI to drive productivity, efficiency, and client satisfaction.

Financial guidance and capital allocation

  • Group targets 3-6% EBITA margin through the cycle, aiming for ~6% in a supportive environment.

  • Deleveraging goal: net debt/EBITDA ≤1.5x by end-2027.

  • G&A costs maintained below 3.5% of revenues, with ongoing savings and productivity improvements.

  • Strong cash generation, disciplined capex, and best-in-class working capital management.

  • Capital allocation priorities: invest in profitable growth, maintain investment grade rating, 40-50% dividend payout, and bolt-on M&A.

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Frequently asked questions

Adecco Group AG provides human resource services, and is one of the largest HR company in Switzerland. It operates through four segments: Europe, America, Asia-Pacific, and it also provides services to other businesses in its Corporate Center unit. The Europe segment offers HR outsourcing services in various European countries. The America segment addresses a wide range of HR solutions for businesses, employees and job seekers across the Americas. The Asia-Pacific segment offers a similar range of HR solutions for businesses in this area. The Corporate Center unit provides various human resource functions to its parent and third parties.

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