Strong share gains and solid growth; operating leverage and cashflow drive deleveragingZURICH, Feb. 25, 2026 /PRNewswire/ — AD HOC ANNOUNCEMENT pursuant to Art. 53 Listing Rules of SIX Swiss Exchange
Q4 HIGHLIGHTSFurther market share gains, Group +395 bps and Adecco +240 bpsGroup revenues further sequentially improved at +3.9% yoy, strongest quarter of the yearBy GBU, Adecco revenues +4.9% yoy; led by Americas +21% yoy, APAC+7% yoy; Akkodis -1% yoy; LHH +2% yoyHealthy 19.1% gross margin, stable yoy organic, reflecting solutions and client mix, firm pricing3.8% EBITA margin excl. one-offs, +60 bps yoy, reflecting strong operating leverage, with productivity +11% yoy, firm progress with Akkodis Germany turnaround. Drop-down ratio >80%Operating income €186 million, +34% yoy; Net income €88 million, +31% yoyBasic EPS €0.52; Adjusted EPS €0.76FULL-YEAR HIGHLIGHTSStrong market share gains, Group +245 basis pointsRevenues +1.3% yoy. By GBU, Adecco +2.5% yoy; Akkodis -4% yoy; LHH flat yoyHealthy 19.2% gross margin, -20 bps yoy, reflecting mix effects, firm pricing3.0% EBITA margin excl. one-offs, in line with management’s commitmentOperating income €572 million, +8% yoy; Net income €295 million, +2% yoyBasic EPS €1.76; Adjusted EPS €2.37Strong cash generation: operating cash flow +€613 million; free cash flow +€483 million; 102% conversion ratioImproving financial structure: end-25 net debt/EBITDA ratio 2.4x, -0.2x yoy and -0.6x qoq; net debt €186 million lower yoy; targeting ≤ 1.5x net debt/EBITDA ratio by end-27Proposed DPS of CHF 1.00, cash dividend with option to receive as sharesDenis Machuel, Adecco Group CEO, commented:”We had a strong finish to the year with ongoing positive momentum and a third consecutive quarter of growth, achieving a 3.8% margin in Q4. Rigorous execution through 2025 delivered 245 basis points of market share gains, strong operating leverage and cashflow, driving an improvement in leverage.”Adecco grew 4.9 percent in Q4, consistently gaining market share across regions. Akkodis saw further sequential improvement including firm progress in its German turnaround. LHH continued to lead strongly in career transition, grew Ezra significantly, and achieved highly profitable growth.”The Adecco Group is strongly positioned to help our 100,000 plus clients to manage and upskill their workforces with agility – keeping people firmly at the heart. We will continue to pioneer and scale human-centric AI across talent and technology offerings. I look forward to building on this solid performance in 2026.”Full Press ReleaseWebcast Details | Investors & AnalystsFor further information, please contact:Investor Relationsinvestor.relations@adeccogroup.com+41 (0)44 878 88 88Press Officemedia@adeccogroup.com +41 (0) 79 876 09 21Logo : https://www.newsoutnow.com/wp-content/uploads/2026/02/The_Adecco_Group_Logo-1.jpg
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