#Market Growth #Switzerland #Q3 2025 #Zurich #Adecco Group

Adecco Group's Q3 2025 Performance

The Adecco Group has recently unveiled its third-quarter results for 2025, revealing impressive gains in market share along with healthy revenue growth. This announcement, made on November 6, 2025, from Zurich, showcases the group's increasing strength amid a dynamic economic landscape.

Key Highlights

• - Market Share Increases: A considerable uptick in market share was reported, with the Group gaining 375 basis points and Adecco itself achieving 300 basis points.
• - Revenue Growth: The group posted a revenue increase of 3.4% year-over-year and 3.0% quarter-over-quarter, with all business segments showing sequential improvements. Notably, Adecco's business units reflected a year-over-year growth of 4.5%, indicating a resurgence in European markets and substantial growth in the Americas, where revenue soared by 20% compared to the previous year.
• - Regional Performance: The Americas and Asia-Pacific region experienced robust performances, achieving gains of 20% and 9% year-over-year, respectively. Meanwhile, the Akkodis units saw a slight decline of 3%, although recovery trends in Germany are steadily improving.
• - Earnings and Margins: The gross margin stood at a healthy 19.2%, modestly down by 10 basis points year-over-year but up by 30 basis points sequentially, reflecting strong pricing dynamics and business mix. The company's operating profit reached €160 million, marking a 2% increase annually, while the net profit was recorded at €89 million, slightly down by 2% year-over-year.
• - Cash Conversion and Debt: Cash flow proved to be robust with an impressive conversion rate of 110% over the last twelve months and a strong operational cash flow amounting to €200 million, an increase of €79 million from the previous year. Notably, the net debt decreased to €220 million, showcasing improved financial stability.

CEO Statement

Denis Machuel, the CEO of the Adecco Group, commented on the results, noting, "Our positive trajectory has continued across mixed markets, with new market share gains and robust growth. We improved our margins by 90 basis points compared to the previous quarter, reflecting strong operating leverage. We thank our teams for another quarter of execution rigor. We are on track to meet our margin commitment for the full year."

He expressed particular satisfaction with the performance of Adecco, which achieved solid growth in several regions. The Akkodis division is witnessing improvements, driven by the recovery in Germany, while LHH also returned to growth levels supported by the robust demand in Career Transition services.

Looking Ahead

Machuel further highlighted the anticipation for the upcoming Investor Day scheduled for November 26 in London, where they will share growth strategy updates and detailed value creation plans. The outlook seems optimistic, with Adecco’s strong positioning and commitment to operational excellence paving the way for future success.

In summary, the Adecco Group's Q3 2025 results exhibit a strong commitment to growth and resilience in an evolving market landscape, promising continued investment in developing strategies to capitalize on emerging opportunities in the workforce sector.