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Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, the Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, career transition and mobility, outsourcing, engineering consulting, digital and IT, talent advisory, coaching, training, up-skilling and re-skilling, and other services under the Adecco, Akkodis, Ajilon, General Assembly, LHH, Pontoon, Spring, UK&I, Badenoch & Clark, Office Angels, Penna, Roevin, Adia, Ezra, and Modis brand names. The company was formerly known as Adecco S.A. Adecco Group AG was founded in 1957 and is based in Zurich, Switzerland.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Adecco Group AG is a global workforce solutions provider offering temporary staffing, permanent placement, talent development and HR outsourcing across multiple industries. Long-term growth may be supported by structural shifts toward flexible work, digitalization of recruiting and expansion in specialized sectors such as IT and healthcare, and scale advantages in pricing and geographic reach. Investors may find the company attractive for its diversified revenue mix, market leadership and historically predictable cash generation.
Key risks include sensitivity to economic cycles and hiring demand, competitive pressure and margin compression, regulatory and labor law changes across jurisdictions, and currency and geopolitical exposures that investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 434.00M | 443.00M | 507.00M | 451.00M | 753.00M |
| Minority interest | - | 0.00M | -2.00M | -3.00M | -2.00M |
| Net income | 294.83M | 303.00M | 325.00M | 342.00M | 586.00M |
| Selling general administrative | 3823.00M | 3908.00M | 4259.00M | 4326.00M | 3423.00M |
| Selling and marketing expenses | - | - | 149.00M | - | - |
| Gross profit | 4422.00M | 4496.00M | 4969.00M | 4974.00M | 4281.00M |
| Reconciled depreciation | 214.00M | 244.00M | 257.00M | 270.00M | 186.00M |
| Ebit | 502.00M | 516.00M | 584.00M | 547.00M | 780.00M |
| Ebitda | 716.00M | 760.00M | 841.00M | 770.00M | 1002.00M |
| Depreciation and amortization | 214.00M | 244.00M | 257.00M | 223.00M | 222.00M |
| Operating income | 538.00M | 541.00M | 632.00M | 547.00M | 780.00M |
| Other operating expenses | 22544.00M | 22597.00M | 23325.00M | 23122.00M | 20161.00M |
| Interest expense | 67.42M | 73.00M | 77.00M | 49.00M | 32.00M |
| Tax provision | 140.00M | 140.00M | 180.00M | 106.00M | 165.00M |
| Interest income | 13.00M | 14.00M | 16.00M | 9.00M | 5.00M |
| Net interest income | -55.00M | -73.00M | -61.00M | -40.00M | -27.00M |
| Income tax expense | 140.87M | 140.00M | 180.00M | 106.00M | 165.00M |
| Total revenue | 23082.00M | 23138.00M | 23957.00M | 23640.00M | 20949.00M |
| Total operating expenses | 3884.00M | 3955.00M | 4337.00M | 4456.00M | 3493.00M |
| Cost of revenue | 18660.00M | 18642.00M | 18988.00M | 18666.00M | 16668.00M |
| Total other income expense net | -104.00M | -98.00M | -125.00M | -96.00M | -27.00M |
| Net income from continuing ops | 294.00M | 303.00M | 327.00M | 345.00M | 588.00M |
| Net income applicable to common shares | - | - | - | 342.00M | 586.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 11743.29M | 12099.00M | 12430.00M | 13256.00M | 11865.00M |
| Intangible assets | 787.15M | 854.00M | 1214.00M | 1029.00M | 198.00M |
| Other current assets | 484.48M | 480.00M | 466.00M | 584.00M | 596.00M |
| Total liab | 8350.96M | 8513.00M | 8829.00M | 9363.00M | 8065.00M |
| Total stockholder equity | 3382.34M | 3576.00M | 3595.00M | 3881.00M | 3790.00M |
| Other current liab | - | 3534.00M | 1612.00M | 3722.00M | 3347.00M |
| Common stock | 10.99M | 11.00M | 11.00M | 11.00M | 11.00M |
| Capital stock | 11.00M | 11.00M | 11.00M | 11.00M | 11.00M |
| Retained earnings | 3384.34M | 3269.00M | 3398.00M | 3412.00M | 3361.00M |
| Other liab | - | - | - | 694.00M | 324.00M |
| Good will | 4004.67M | 4196.00M | 4114.00M | 4181.00M | 2483.00M |
| Other assets | - | - | - | 760.00M | 617.00M |
| Cash | 387.58M | 482.00M | 556.00M | 782.00M | 3051.00M |
| Total current liabilities | 4808.80M | 4778.00M | 5194.00M | 5198.00M | 4726.00M |
| Net debt | 3098.65M | 2995.00M | 3115.00M | 2918.00M | 429.00M |
| Short term debt | 305.67M | 487.00M | 722.00M | 314.00M | 500.00M |
| Short long term debt | 118.00M | 290.00M | 521.00M | 138.00M | 348.00M |
| Short long term debt total | 3486.23M | 3477.00M | 3671.00M | 3700.00M | 3480.00M |
| Other stockholder equity | 540.42M | 516.00M | -146.27M | 458.00M | 418.00M |
| Property plant equipment | - | - | - | 717.00M | 465.00M |
| Total current assets | 5069.51M | 5080.00M | 5488.00M | 6124.00M | 7723.00M |
| Net tangible assets | - | - | - | -1589.00M | 905.00M |
| Short term investments | - | - | -13.00M | - | - |
| Net receivables | 4197.46M | 4118.00M | 4466.00M | 4758.00M | 4078.00M |
| Long term debt | 2560.00M | 2668.00M | 2625.00M | 3099.00M | 2751.00M |
| Inventory | - | - | -3.68M | - | - |
| Accounts payable | 4503.13M | 757.00M | 832.00M | 1162.00M | 879.00M |
| Accumulated other comprehensive income | -553.40M | -220.00M | -332.27M | - | - |
| Non currrent assets other | 731.21M | 747.00M | 865.00M | 945.00M | 792.00M |
| Non current assets total | 6673.78M | 7019.00M | 6942.00M | 7132.00M | 4142.00M |
| Capital lease obligations | 500.00M | 519.00M | 525.00M | 463.00M | 381.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 16.00M | -157.00M | -209.00M | -1446.00M | -206.00M |
| Change to liabilities | - | - | - | 142.00M | 119.00M |
| Total cashflows from investing activities | -156.97M | -157.00M | -209.00M | -1446.00M | -206.00M |
| Net borrowings | -285.00M | -172.00M | -186.00M | -923.00M | 1207.00M |
| Total cash from financing activities | -464.88M | -634.00M | -620.00M | -1383.00M | 980.00M |
| Change to operating activities | - | - | - | 228.00M | -29.00M |
| Net income | 294.83M | 303.00M | 325.00M | 345.00M | 588.00M |
| Change in cash | -98.74M | -53.00M | -263.00M | -2246.00M | 1587.00M |
| Begin period cash flow | 486.32M | 646.00M | 909.00M | 3155.00M | 1568.00M |
| End period cash flow | 387.58M | 593.00M | 646.00M | 909.00M | 3155.00M |
| Total cash from operating activities | 616.82M | 707.00M | 563.00M | 543.00M | 722.00M |
| Issuance of capital stock | - | - | - | - | 229.00M |
| Depreciation | 215.33M | 244.00M | 257.00M | 270.00M | 186.00M |
| Other cashflows from investing activities | -42.26M | 15.00M | 42.00M | 1.00M | -23.00M |
| Dividends paid | 177.10M | 432.00M | 422.00M | -409.00M | -365.00M |
| Change to inventory | - | - | -1.29M | - | - |
| Change to account receivables | -250.55M | 340.00M | 184.00M | -389.00M | -170.00M |
| Sale purchase of stock | - | -20.00M | - | -5.00M | -93.00M |
| Other cashflows from financing activities | -1.01M | -10.00M | -12.00M | -41.00M | 1470.00M |
| Change to netincome | - | - | - | -50.00M | 30.00M |
| Capital expenditures | 130.81M | 144.00M | 216.00M | 215.00M | 132.00M |
| Change in working capital | 43.27M | 175.00M | 172.00M | -19.00M | -80.00M |
| Stock based compensation | 24.00M | 19.00M | 19.00M | 21.00M | 21.00M |
| Other non cash items | 63.39M | -34.00M | -210.00M | -74.00M | 10.00M |
| Free cash flow | 486.01M | 563.00M | 347.00M | 328.00M | 590.00M |
Sector: Industrials Industry: Staffing & Employment Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| AHEXF Adecco Group AG |
- -% |
28.16 | 13.59 | 7.90 | 0.23 | 1.03 | 0.27 | 8.70 |
| PAYX Paychex Inc |
-2.44 2.04% |
117.06 | 27.09 | 24.33 | 8.49 | 11.82 | 8.33 | 18.08 |
| RANJF Randstad N.V |
- -% |
44.65 | 21.67 | 13.05 | 0.34 | 1.73 | 0.37 | 9.97 |
| RANJY Randstad Holdings NV |
-0.55 2.36% |
22.76 | 21.47 | 12.90 | 0.33 | 1.71 | 0.37 | 9.97 |
| TNET TriNet Group Inc |
-0.70 1.04% |
66.63 | 20.00 | 17.54 | 1.23 | 606.61 | 1.42 | 11.04 |
Adecco Group AG, together with its subsidiaries, provides human resource services to businesses and organizations in Europe, North America, the Asia Pacific, South America, and North Africa. It offers flexible placement, permanent placement, career transition and mobility, outsourcing, engineering consulting, digital and IT, talent advisory, coaching, training, up-skilling and re-skilling, and other services under the Adecco, Akkodis, Ajilon, General Assembly, LHH, Pontoon, Spring, UK&I, Badenoch & Clark, Office Angels, Penna, Roevin, Adia, Ezra, and Modis brand names. The company was formerly known as Adecco S.A. Adecco Group AG was founded in 1957 and is based in Zurich, Switzerland.
| Name | Title | Year Born |
|---|---|---|
| Mr. Denis Machuel | Chief Exec. Officer | 1964 |
| Mr. Christophe Catoir | Pres of Adecco Brand | 1972 |
| Mr. Philippe Foriel-Destezet | Honorary Pres | 1937 |
| Mr. Coram Williams | Chief Financial Officer | 1974 |
| Mr. Ralf Weissbeck | Chief Information Officer | 1969 |
| Ms. Benita Barretto | Head of Investor Relations | NA |
| Mary Waddill | Director of Communications | NA |
| Ms. Valerie Paule Denise Beaulieu-James | Chief Sales & Marketing Officer | 1967 |
| Ms. Gordana Landen BSc. | Chief HR Officer | 1964 |
| Mr. Mark Eaton | Head of Group Tax & Treasury | NA |
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