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Adecco Group AG (ADEN) AI Stock Analysis
Adecco Group AG
(Six Swiss:ADEN)
CH:ADEN scores highest on a constructive earnings outlook (continued margin improvement, SG&A discipline, and AI-driven productivity) and solid technical trend strength. These positives are moderated by only average underlying financial quality (flat multi-year revenue, thin margins, and softer recent free-cash-flow momentum), while valuation and dividend yield provide additional support.
Adecco Group AG (ADEN) vs. iShares MSCI Switzerland ETF (EWL)
- Market Cap
- CHF 3.99B
- Dividend Yield
- 4.34%
- Average Volume (3M)
- 712.20K
- Price to Earnings (P/E)
- 14.3
- Beta (1Y)
- 0.67
- Revenue Growth
- 0.14%
- EPS Growth
- -0.63%
- Country
- Switzerland
- Employees
- 33,000
- Sector
- General
- Sector Strength
- 55
- Industry
- Staffing & Employment Services
Adecco Group AG Business Overview & Revenue Model
Company Description
Adecco Group AG, alongside its various subsidiaries, delivers a full spectrum of human resources services to companies and organizations throughout Europe, North America, Asia Pacific, South America, and North Africa. The firm's extensive service por...
How the Company Makes Money
Adecco Group makes money primarily by delivering workforce solutions to client organizations and earning fees tied to placing and managing talent. 1) Temporary staffing (flexible placement) - Revenue model: Adecco supplies temporary/contract workers...
Adecco Group AG Earnings Call Summary
The call conveyed predominantly positive operational and financial momentum: mid-single-digit organic revenue growth, strong EBITA and EPS expansion, margin improvement, continued market share gains, meaningful AI-driven productivity gains, Akkodis returning to growth and clear progress on deleveraging. Notable near-term challenges include elevated one-off restructuring charges (Akkodis Germany, Adecco France), Q2 working capital absorption that reduced operating cash, and localized weakness in automotive and some APAC markets. Management expects further margin improvement and cash generation into H2 with restructuring benefits phasing in from Q4 and continued AI-driven efficiency and market-share gains.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided to a modest sequential improvement in gross margin and lower SG&A (ex‑one‑offs) in Q3, with continued year‑on‑year EBITDA margin improvement into H2 and cash generation weighted to H2 (last‑12‑month cash conversion 83%; Q2 operating cash flow €23m, capex €37m, free cash outflow €14m); deleveraging remains a priority with net debt/EBITDA ex‑one‑offs at 2.7x (0.5x improvement YoY) and a target to reach ≤1.5x by end‑2027. They also raised the agentic AI penetration target to 70% of revenue by end‑2026 (50% reached at end‑Q2, agents live in 10 countries, 2.2m conversations to date) citing benefits of ~10% fill‑rate improvement, ~40% reduction in time‑to‑submit and 25–35% recruiter productivity gains that should drive operating leverage (organic drop‑down 64%) and support profitable growth (Q2 organic revenue +5.6%, gross profit €1.1bn/18.6% margin, EBITA ex‑one‑offs €165m, EBITDA margin 2.8% up 30bps, adjusted EPS +31%).
Adecco Group AG Financial Statement Overview
Summary
Financials appear stable but not strong: revenue has been broadly flat, profitability is thin (TTM net margin ~1.3%, operating margin ~2.4%), and margins are below 2021 levels. The balance sheet is serviceable with moderate leverage (TTM debt-to-equity ~0.95), while cash flow remains positive but has softened versus the prior year (TTM FCF down vs 2025).
Income Statement
62PositiveBalance Sheet
64PositiveCash Flow
58Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.35B | 23.23B | 23.14B | 23.96B | 23.64B | 20.95B |
| Gross Profit | 4.37B | 4.39B | 4.50B | 4.97B | 4.97B | 4.28B |
| EBITDA | 765.74M | 816.30M | 760.00M | 841.00M | 770.00M | 971.00M |
| Net Income | 292.48M | 294.91M | 303.00M | 325.00M | 342.00M | 586.00M |
Balance Sheet | ||||||
| Total Assets | 12.46B | 11.75B | 12.10B | 12.43B | 13.26B | 11.87B |
| Cash, Cash Equivalents and Short-Term Investments | 551.71M | 387.70M | 482.00M | 556.00M | 782.00M | 3.05B |
| Total Debt | 3.62B | 3.18B | 3.48B | 3.67B | 3.70B | 3.48B |
| Total Liabilities | 8.94B | 8.35B | 8.51B | 8.83B | 9.36B | 8.06B |
| Stockholders Equity | 3.51B | 3.38B | 3.58B | 3.60B | 3.88B | 3.79B |
Cash Flow | ||||||
| Free Cash Flow | 385.63M | 486.16M | 563.00M | 347.00M | 328.00M | 590.00M |
| Operating Cash Flow | 524.59M | 617.00M | 707.00M | 563.00M | 543.00M | 722.00M |
| Investing Cash Flow | -168.88M | -157.02M | -157.00M | -209.00M | -1.45B | -206.00M |
| Financing Cash Flow | -118.23M | -465.02M | -634.00M | -620.00M | -1.38B | 980.00M |
Adecco Group AG Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:ADEN, the sentiment is Positive. The current price of 23.04 is above the 20-day moving average (MA) of 22.56, below the 50-day MA of 23.48, and above the 200-day MA of 20.08, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 51.60 is Neutral, neither overbought nor oversold. The STOCH value of 78.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:ADEN.
Adecco Group AG Peers Comparison
Overall Rating
- CH:ADEN69Neutral
CH:KNIN66.3Neutral
CH:DKSH62Neutral
CH:SCMN53Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| CH:ADEN | 69Neutral | CHF 3.99B | 14.27 | ― | 4.34% | 0.14% | -0.63% |
| CH:KNIN | 66Neutral | CHF 28.17B | 28.89 | ― | 2.53% | 1.09% | -5.24% |
| CH:DKSH | 62Neutral | CHF 5.01B | 22.81 | ― | 3.24% | -1.37% | 8.55% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| CH:SCMN | 53Neutral | CHF 36.23B | 27.57 | ― | 3.72% | 13.78% | -1.35% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CH:ADEN | Adecco Group | 23.04 | 1.94 | 9.18% | |
| CH:KNIN | Kuehne + Nagel | 237.20 | 88.57 | 59.59% | |
| CH:SCMN | Swisscom | 699.50 | 135.90 | 24.11% | |
| CH:DKSH | DKSH Holding | 77.10 | 23.93 | 45.01% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 09, 2026