Revenue Growth and Market Share Gains
Adecco Group's revenue increased by 2% year-on-year on a trading day adjusted basis. Market share gains were significant, with the Group gaining 205 basis points and Adecco 130 basis points in Q2.
Strong Performance in Americas and APAC
Adecco Americas saw a 14% year-on-year revenue growth, while Adecco APAC revenues grew by 9%, led by Japan (7%), Asia (17%), and India (13%).
Client Wins and Strategic Execution
Adecco secured significant client wins, including a global OEM for EV battery production, a global consulting firm for permanent recruitment, and a French defense company for a multiyear contract. These wins reflect commercial excellence and competitive edge.
Successful Cost Management and Cash Flow
Operating cash flow was EUR 81 million with strong cash conversion at 98%. SG&A expenses were 1% lower year-on-year, demonstrating effective cost management.
Ezra's Record Performance
Ezra's revenues increased by 39%, achieving a new record level with a strong pipeline and healthy gross margin expansion.