Adecco Group ( (AHEXY) ) has released its Q1 earnings. Here is a breakdown of the information Adecco Group presented to its investors.
Adecco Group, a global leader in talent and technology expertise, operates across three main business units: Adecco, Akkodis, and LHH, providing workforce solutions and digital engineering services. The company is headquartered in Zurich, Switzerland, and is listed on the SIX Swiss Exchange.
In its Q1 2025 earnings report, Adecco Group reported a slight decline in revenues by 2% year-over-year, but a 3% increase quarter-over-quarter, showcasing strong market execution and solid margins. Despite macroeconomic uncertainties, the company maintained a healthy gross margin of 19.4% and demonstrated robust cash conversion.
Key financial metrics revealed a 19% decrease in net income to €60 million, with basic earnings per share dropping to €0.36. The EBITA margin excluding one-offs was 2.4%, reflecting effective cost management and strategic capacity adjustments. The company also highlighted a strong performance in the APAC region, with revenue growth of 11%.
Adecco’s strategic focus on AI-driven innovation and customer proximity is expected to drive further market share gains. The company is addressing underperformance in certain areas and is optimistic about its turnaround efforts in the US market, supported by a strong pipeline and restructuring actions.
Looking ahead, Adecco Group remains committed to navigating economic challenges with agility and discipline. The management anticipates continued positive momentum in Q2 2025, with a focus on balancing market share gains and productivity improvements.