#revenue growth #Switzerland #Zurich #Adecco Group #Q2 2026

Adecco Group Q2 2026 Results

The latest quarterly report from The Adecco Group reveals robust performance metrics for the second quarter of 2026. Achieving an organic revenue increase of 5.6% compared to the previous year, the company continues to demonstrate a solid strategy and execution. The results indicate not only growth but also improved market positioning against competitors, with the group enhancing its market share by 160 basis points, while Adecco itself enjoyed a 60 basis point lift.

Regional Highlights

The report details significant variations in growth across different regions:

• - Adecco Global Business Unit (GBU) showed an impressive 6.6% growth year over year. The Americas led with a remarkable 12% increase, followed by the Asia-Pacific (APAC) region with 10%, and finally Europe, Middle East, and Africa (EMEA) excluding France with an 8% rise.
• - The Akkodis GBU bounced back with a 1% year-on-year growth, whereas LHH remained stable with no change. Notably, the Professional Recruitment Solutions sector reported a positive growth of 1%, signaling a recovery in recruitment activities.

Financial Performance Metrics

Further financial analysis indicates a gross margin of 18.6%, indicating improvement on a year-over-year basis, with a sequential increase of 20 basis points. The Earnings Before Interest, Taxes, and Amortization (EBITA) stands at €165 million, excluding one-time charges, representing a 21% increase year-over-year. The EBITA margin of 2.8%, also excluding exceptional items, has improved by 30 basis points year over year, pointing towards effective operational leveraging. The productivity within the company has surged by 6%, reflecting a strategic focus on efficiency.

The adjusted basic Earnings Per Share (EPS) has seen a notable rise to €0.61, marking an overall increase of 31%.

Deleveraging and Cash Performance

In a period of growth, the cash conversion rate stands strong at 83%, signaling healthy financial management. There is also momentum in deleveraging efforts, with the net debt to EBITDA ratio declining by 0.5x compared to the previous year.

CEO's Comment

Denis Machuel, CEO of Adecco Group, stated, "Our disciplined strategy and focus on client and candidate experience continue to yield robust performance. The growth momentum has persisted into this quarter, marking a fifth consecutive quarter of increases. Coupled with our focus on technology-enhanced productivity, we aim to push for even further growth in the coming periods.” He emphasized the group's aim to escalate technology-enabled revenue growth to 70% by year-end, reflecting the company's commitment to innovation and efficiency.

Overall, The Adecco Group's Q2 2026 report paints a promising picture with continued growth and market share gains across all segments. Stakeholders and investors can look forward to continued innovation and an aggressive pursuit of market positioning in the upcoming quarters.