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Adecco Group AG (CH:ADEN)
:ADEN
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.43Last Year’s EPS
0.44Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive outlook: the group reported strong Q4 performance, meaningful market share gains, industry-leading margins, material productivity and cost savings, strong cash generation and improving leverage. Key strategic initiatives (Akkodis Germany turnaround, Talent Supply Chain expansion, digital/AI deployments and LHH growth) are delivering tangible benefits. Nonetheless, there are manageable challenges—Akkodis top-line pressure and one-off restructuring costs, weakness in permanent placement, and some regional softness—which management is addressing and expects to reduce in 2026.Company Guidance
Market Share Gains and Revenue Momentum
Consistent market share gains vs competitors (full year +245 basis points; Q4 lead +395 bps). Full year group revenues up 1.3% year-on-year; Q4 revenues EUR 6.0 billion, up 3.9% (best quarterly performance of the year).
Strong Margins and Profitability
Full year gross margin industry-leading at 19.2% (stable). Full year EBITA EUR 693 million with a 3.0% EBITA margin (within target corridor). Q4 EBITA EUR 225 million, up 20% year-on-year, with a 3.8% margin (up 60 basis points).
Productivity Improvements and Cost Savings
Productivity increased (full year +3% YoY; Q4 direct contribution per selling FTE +11%). G&A overheads reduced by EUR 23 million in 2025; total net savings nearly EUR 200 million vs 2022 baseline. SG&A (ex-one-offs) fell to 15.4% of revenues, down 70 basis points; G&A costs ~3% of revenues.
Strong Cash Generation and Deleveraging
Last-12-month cash conversion ratio 102%. Full year operating cash flow EUR 613 million and free cash flow EUR 483 million. Net debt at year-end EUR 2.29 billion (EUR 186 million lower), net debt-to-EBITDA 2.4x (down 0.2x YoY and 0.6x sequentially); clear target to reach <=1.5x by end-2027.
Geographic and GBU Outperformance
Adecco North America turnaround: full year revenues +12% and EBITA margin expanded 230 basis points; Adecco Americas Q4 revenues +21% (North America +23%, Latin America +19%). Adecco GBU Q4 revenues EUR 4.8 billion, up 4.9%; outsourcing +14%, MSP +6%, flexible placement +4%.
Turnaround and Digital Execution Wins
Akkodis Germany: achieved EUR 58 million annual run-rate savings and reached a 5.4% EBITA margin run rate at year-end. Talent Supply Chain expanded to 144 large clients (+42 in Q4) and delivered a 550 basis point YoY improvement in fill rates. LHH growth: revenues +2%, Coaching & Skilling +27%, Ezra digital coaching revenue growth strong (42% for the year; Q4 cited +68%), LHH EBITA margin 9.7% (underlying margin expansion noted).
Disciplined Capital Allocation and Shareholder Return
Board proposed dividend CHF 1.00 per share (46% payout ratio) with option for cash or scrip, aligning shareholder returns with deleveraging and growth priorities.
CH:ADEN Earnings History
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 |
|---|---|---|---|
Feb 25, 2026 | CHF20.64 | CHF21.00 | +1.74% |
Nov 06, 2025 | CHF22.74 | CHF24.18 | +6.33% |
Aug 05, 2025 | CHF24.94 | CHF24.26 | -2.73% |
May 08, 2025 | CHF20.72 | CHF23.14 | +11.68% |
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 May 13, 2026, Before Open (Confirmed).
What is Adecco Group AG (CH:ADEN) earnings time?
Adecco Group AG (CH:ADEN) earnings time is at May 13, 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 (Q1) is 0.43.