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Adecco Group AG (DE:ADIA)
FRANKFURT:ADIA
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.28Last Year’s EPS
0.23Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and financial improvements—market share gains, improved Q4 revenue and margins, strong productivity, robust cash generation and measurable deleveraging—supported by targeted turnarounds (e.g., Akkodis Germany) and strong performance in North America, LHH and outsourcing services. Challenges include modest full‑year revenue growth, localized weakness (Akkodis Germany, permanent placement, some country-specific softness), one-off restructuring charges and early-stage AI scaling risks. Overall, the positive operational momentum, cash flow strength and clear deleveraging pathway outweigh the headwinds.Company Guidance
Market Share Gains
The group gained significant market share—245 basis points vs. key competitors on a full-year basis and 395 basis points in Q4—indicating consistent outperformance across the past three years and strong competitive momentum.
Improved Q4 Top-line and Margins
Q4 revenues reached EUR 6.0 billion, up 3.9% year-on-year. Gross profit grew 4% to EUR 1.1 billion with a healthy 19.1% margin (stable organically). Q4 EBITA was EUR 225 million, up 20% with a 3.8% margin (+60 bps YoY).
Full-Year Profitability and Cost Discipline
Full-year EBITA of EUR 693 million with a 3.0% EBITA margin (within target corridor). G&A overheads were reduced by EUR 23 million in 2025, delivering nearly EUR 200 million of net savings vs. 2022. SG&A excluding one-offs improved to 15.4% of revenues (-70 bps).
Strong Cash Generation and Deleveraging
Full-year operating cash flow of EUR 613 million and free cash flow of EUR 483 million. Cash conversion ratio was 102%. Net debt fell by EUR 186 million to EUR 2.29 billion and net debt-to-EBITDA improved to 2.4x (down 0.2x YoY and 0.6x sequentially).
Productivity and Operating Leverage Gains
Group productivity rose 11% in Q4 (3% YoY on full year). Drop-down ratio exceeded 80% in Q4, and business-wide productivity improvements plus G&A discipline contributed to a 50 bps positive impact from operating leverage on EBITA.
Regional & Segment Outperformance — Americas and Adecco GBU
Adecco GBU revenues were EUR 4.8 billion, up 4.9% with outsourcing up 14% and MSP up 6%. Adecco Americas delivered 21% revenue growth (North America +23%, Latin America +19%) and expanded EBITA margin by 150 bps.
LHH and New Services Momentum
LHH revenues up 2% with Coaching & Skilling +27%; Ezra platform revenue surged 68% and General Assembly B2B grew 31%. LHH EBITA margin reached 9.7% (+510 bps YoY; +230 bps underlying), reflecting profitable mix and 12% productivity improvement.
Akkodis Germany Turnaround Progress
Restructuring in Akkodis Germany locked in EUR 58 million of annual run-rate savings (EUR 43m cost-of-sales, EUR 15m SG&A, EUR 8m real estate). The unit reached a 5.4% EBITA margin run rate at year-end and is expected to deliver incremental P&L benefits in 2026.
Shareholder Remuneration and Optional Scrip Dividend
Board proposes a dividend of CHF 1.00 per share (46% payout ratio within 40–50% policy) with option for shareholders to receive cash or newly issued shares, balancing shareholder return and cash retention for deleveraging/growth.
DE:ADIA 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
DE:ADIA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 06, 2025 | €11.70 | €11.90 | +1.71% |
Aug 05, 2025 | €13.50 | €13.00 | -3.70% |
May 08, 2025 | €11.00 | €12.10 | +10.00% |
Feb 26, 2025 | €12.11 | €11.52 | -4.83% |
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 (DE:ADIA) report earnings?
Adecco Group AG (DE:ADIA) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Adecco Group AG (DE:ADIA) earnings time?
Adecco Group AG (DE:ADIA) 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 DE:ADIA EPS forecast?
DE:ADIA EPS forecast for the fiscal quarter 2026 (Q1) is 0.28.