Q3 Earnings Report for 2022
Adecco Group Announces Operational Plan to Boost EBITA Margin
The Adecco Group, a leading workforce solutions provider, has unveiled an operational plan aimed at improving its financial performance and achieving an approximate 6% EBITA margin. This plan, dubbed "Future@Work Reloaded," focuses on several strategic levers, including digital transformation, cost discipline, restructuring, and business mix optimization.
The key operational elements of this plan include:
- Digital Transformation and AI Expansion: Adecco is accelerating the expansion of its Digital Delivery platform and deploying agentic AI to enhance service delivery, productivity, and competitive positioning long term.
- Market Share Gains and Regional Focus: Despite macroeconomic headwinds, Adecco is actively gaining market share, especially in the Americas and APAC, while addressing weaknesses in EMEA through focused operational improvements.
- Cost Management and Capacity Agility: The Group practices disciplined SG&A cost management, with SG&A expenses reduced by 1% organically, alongside agile capacity management to balance share gains with productivity in uncertain markets. This includes a 5% reduction of full-time equivalents (FTE) on an organic basis to improve efficiency.
- Restructuring and Synergies: Organizational restructuring has been implemented to align regional management and responsibilities better. The transfer of MSP Pontoon operations from LHH to Adecco aims to accelerate synergies between Managed Service Provider (MSP) and staffing businesses, supporting margin improvement.
- Business Mix and Margin Focus: The Group is prioritizing higher margin service lines such as Career Transition & Mobility and digital coaching (Ezra), while dealing with segment declines like Akkodis and LHH.
- Sustainability as Operational Efficiency: While not directly linked to EBITA margin targets, sustainability initiatives indicate operational discipline and potential cost savings which can indirectly support margin goals.
Financial results for H1 2025 showed EBITA margin still below the 6% target, signaling ongoing efforts are underway with cost discipline, market share gains, and digital investment as core pillars aiming for the Future@Work Reloaded ambition.
In addition, Adecco's growth leadership in the industry has increased by 500 bps in Q3 and 1,300 bps year-to-date. The Group's gross profit increased by 5% organically year-over-year, with Permanent Placement fees up by 23% year-over-year.
The Group also announced a Group G&A cost savings plan, targeting a €150 million run-rate by mid-2024.
The Adecco Group will host a business update today at 9:30 CET, where the CEO and CFO will discuss these plans and more. For more information, please contact the Investor Relations department at investor.relations@ourwebsite or call +41 (0)44 878 88 88. For media inquiries, please contact media@ourwebsite or call +41 (0)44 878 87 87.
[1] Source: Adecco Group H1 2025 Report [2] Source: Adecco Group Q2 2025 Earnings Release [3] Source: Adecco Group Q3 2025 Earnings Release [4] Source: Adecco Group Future@Work Reloaded Press Release [5] Source: Adecco Group Sustainability Report 2025
- The Adecco Group, through its cost management strategies and focus on permanent placement, aims to achieve a €150 million run-rate in group G&A cost savings by mid-2024, demonstrating their commitment to investing in business efficiency.
- As part of the Future@Work Reloaded plan, Adecco prioritizes higher margin service lines like Career Transition & Mobility and digital coaching (Ezra), indicating a strategic shift towards finance-oriented activities to boost the company's overall performance.
