Adecco Group (ADEN) Investor presentation summary

Strategic direction and execution

• Focus on 'Simplify - Execute - Grow' has led to sustained market share gains and improved efficiencies.

• Strategy centers on agility, leveraging technology and AI for workforce management and customer experience.

• Two-pillar model: Strengthen RUN (operational excellence) and Accelerate CHANGE (innovation and transformation).

• Local teams empowered, tech stack upgraded, and centralized delivery hubs established.

• Expansion in higher-value solutions and digital platforms, with significant AI integration.

Financial performance and targets

• Achieved three consecutive years of market share gains, with EBITA margin at 3.0% in 2025.

• Targeting 3-6% EBITA margin through the cycle, aiming for ~6% in supportive environments.

• Over €200 million in net G&A cost savings, with G&A costs reduced to 3.2% of revenues.

• Strong cash flow conversion (>90%) and disciplined net debt/EBITDA target of ≤1.5x by end-2027.

• Clear capital allocation: invest in growth, maintain investment grade rating, 40-50% dividend payout, and bolt-on M&A.

Business unit highlights

• Adecco: €18.5bn revenue, strong digital transformation, and +200bps relative revenue growth.

• Akkodis: €3.3bn revenue, robust cost savings, and leadership in digital engineering.

• LHH: €1.3bn revenue, 42% YoY growth in digital coaching, and 75% of top clients using multiple solutions.

• All units emphasize AI-driven solutions, client satisfaction, and expansion in consulting and upskilling.