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Adecco Group AG (CH:ADEN)
:ADEN
Switzerland Market
ADEN
Adecco Group AG
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Adecco Group AG (ADEN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Aug 06, 2026
Before Open (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
0.53
Last Year’s EPS
0.42
Same Quarter Last Year
Analyst Consensus
Moderate Buy
Based on 9 Analysts Ratings

Earnings Call Summary

Q1 2026
Earnings Call Date:May 13, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
Overall the call presents a positive picture: broad-based revenue growth (5.3% organic), substantial EBITA improvement (24% organic), meaningful market-share gains and rapid AI-driven productivity gains that are beginning to favorably drop through to profits. Balance-sheet metrics and cash-conversion remain strong and deleveraging progress is clear. The principal negatives are margin mix pressure (notably from flexible and lower permanent placement volumes), localized weakness in Akkodis Germany and short-term margin guidance showing modest sequential headwinds. On balance, highlights significantly outweigh the lowlights.
Company Guidance
Management's near‑term guidance is that positive volume momentum continues into Q2 but gross margin is expected to be marginally lower sequentially (around 20 basis points, with FX a smaller headwind of ~10 bps) while SG&A (ex‑one‑offs) will be marginally higher sequentially as the group selectively invests to capture growth; G&A is controlled at 3.2% of revenues (well below the 3.5% target). Key operating and cash metrics underpinning the outlook include productivity +4% YoY, an EBITA margin ex‑one‑offs of 2.6% (+20 bps YoY, +40 bps constant currency), last‑12‑month cash conversion of 94%, Q1 operating cash outflow of €178m (improved €34m YoY), DSO 53.3 days, capex €22m and a free cash outflow of €200m. The balance sheet guidance stresses continued deleveraging (net debt/EBITDA 0.2x today, with a commitment to ≤1.5x by end‑2027), strong liquidity (undrawn €750m RCF), a €450m hybrid issued in April at 4.875%, 76% of gross debt fixed and no financial covenants; digital/AI targets supporting the plan include automated order processing +65% YTD across 9 countries, >30,000 agent conversations monthly, 110,000 candidate skills updated, ~20% recruiter time savings from agents and a goal to cover 50% of Adecco revenues with Agentic AI by end‑2026.
Group Organic Revenue Growth
Group revenues rose 5.3% year-on-year on an organic trading-days adjusted basis in Q1 2026, signaling a strong start to the year and accelerating top-line momentum into Q2.
Strong EBITA and Margin Expansion
Group EBITA excluding one-offs increased 24% year-on-year on an organic constant currency basis; EBITA margin expanded by 20 basis points to 2.6% (40 bps on a constant currency basis).
Market Share Gains and Gross Margin Leadership
Adecco Group outperformed key competitors by 365 basis points of market share gain and delivered a group gross margin of 18.8%, described as market-leading.
Commercial Momentum in Adecco GBU
Adecco revenues grew 6.6% with sequential improvement; flexible placement +6% and outsourcing +16%. Adecco captured 210 basis points of market share gains and filled positions for largest clients +25% year-on-year, with fill rates improving 400 bps.
Regional Growth Drivers
Americas revenues rose 15% (North America +15%, Latin America +15%); APAC revenues +8% (Japan +6%, Asia +12%, India +10%) and Adecco EMEA ex-France +7% — broad-based geographic growth.
AI and Productivity Gains
AI adoption scaled rapidly: 27,000 recruiters on a common AI-enabled tech stack, automated order processing +65% YTD across 9 countries, >30,000 monthly agent conversations, 110k candidate skill updates, agent-driven ~20% time savings for recruiters; target to cover 50% of Adecco revenues with Agentic AI by end-2026.
Akkodis and LHH Profitability Improvements
Akkodis EBITA rose 23% with margin of 4.2% (+70 bps) and 90% utilization. LHH EBITA increased 50% with an 11% EBITA margin, and coaching/skilling (Ezra) revenues +35%.
Balance Sheet Strength and Cash Metrics
Last 12-month cash conversion ratio was 94%. Net debt-to-EBITDA improved to 0.2x; successful issuance of a EUR 450m hybrid bond at 4.875%, undrawn €750m RCF, 76% of gross debt fixed, and no financial covenants on outstanding debt.

Adecco Group AG (CH:ADEN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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CH:ADEN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 06, 2026
2026 (Q2)
0.53 / -
0.421―――
May 13, 2026
2026 (Q1)
0.41 / 0.46
0.4394.17% (+0.02)――
Feb 25, 2026
2025 (Q4)
0.61 / 0.69
0.57620.63% (+0.12)―
Nov 06, 2025
2025 (Q3)
0.55 / 0.61
0.622-1.47% (>-0.01)――
Aug 05, 2025
2025 (Q2)
0.41 / 0.42
0.585-28.13% (-0.16)――
May 08, 2025
2025 (Q1)
-0.74 / 0.44
0.54-18.64% (-0.10)――
Feb 26, 2025
2024 (Q4)
0.46 / 0.58
0.686-16.00% (-0.11)――
Nov 05, 2024
2024 (Q3)
0.60 / 0.62
0.777-20.00% (-0.16)――
Aug 06, 2024
2024 (Q2)
0.61 / 0.59
0.613-4.48% (-0.03)――
May 07, 2024
2024 (Q1)
0.51 / 0.54
0.658-18.06% (-0.12)――
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

CH:ADEN Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 13, 2026
CHF18.30CHF15.25-16.67%
Feb 25, 2026
CHF19.60CHF19.95+1.74%
Nov 06, 2025
CHF21.60CHF22.96+6.33%
Aug 05, 2025
CHF23.69CHF23.04-2.73%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Adecco Group AG (CH:ADEN) report earnings?
Adecco Group AG (CH:ADEN) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
    What is Adecco Group AG (CH:ADEN) earnings time?
    Adecco Group AG (CH:ADEN) earnings time is at Aug 06, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of Adecco Group AG stock?
          The P/E ratio of Adecco Group AG is N/A.
            What is CH:ADEN EPS forecast?
            CH:ADEN EPS forecast for the fiscal quarter 2026 (Q2) is 0.53.