Adecco Group

Strategic intent

The Adecco Group is a global workforce solutions and digital engineering consulting company providing temporary staffing, permanent placement, career transition, outsourcing, and technology consulting services.

Key market signals

• 2026-10: Akkodis Nordics (part of the Adecco Group) signed a Memorandum of Understanding (MoU) with Space Norway to integrate satellite services with portable connectivity nodes for civil preparedness across the Nordic region.
• 2026-10: Akkodis completed the acquisition of SOGECLAIR's engineering activities dedicated to Airbus, adding over 360 engineers across France, Spain, Germany, Canada, India, and the UK to strengthen its aerospace and defense capabilities.
• 2026-09: The Adecco Group announced a massive global rollout of Salesforce Agentforce Coworker agentic AI to 27,000 employees across more than 40 countries to automate recruiting workflows and candidate matching.
• 2026-09: Moody's revised the Adecco Group's outlook to negative from stable, citing concerns over weakened margins and challenging macroeconomic conditions in the staffing sector.
• 2026-05: The Adecco Group appointed Ranjit de Sousa as President of LHH and member of the Executive Committee, succeeding Gaëlle de la Fosse, to drive innovation and human-centric AI in its professional talent division.

Financial health

• Q2 2026 (ended June 30, 2026): Revenue reached €5.99 billion, up 5.6% organically on a trading days adjusted (TDA) basis; gross profit stood at €1.1 billion with an 18.6% gross margin; operating income was €109 million. Source: https://www.staffingindustry.com
• Q1 2026 (ended March 31, 2026): Organic revenue growth of +5.3% TDA year-on-year; EBITA was €148 million (excluding one-offs), up 24% year-on-year; net income was €69 million, up 41% year-on-year. Source: https://www.adeccogroup.com
• FY 2025: Revenue was €23.08 billion; operating income was €572 million, up 8% year-on-year; net income was €295 million; free cash flow was €483 million; net debt/EBITDA ratio was 2.4x. Source: https://www.adeccogroup.com

Impact & compliance

Legal & risks

A large-scale trial opened in Lyon, France in June 2025 following the discovery of a major data leak at Adecco France that involved approximately 72,000 victims in a data-related fraud scheme. In May 2025, Adecco USA, Inc. filed a breach of contract lawsuit against Arena Staffing and several […]

Forensic audit — 3 findings

• ⚠ In May 2025, Adecco USA, Inc. filed a breach of contract lawsuit against Arena Staffing and several individuals in the C...
• ⚠ In 2025, Adecco Japan reached a settlement in an administrative lawsuit against a local government over a contract dispu...
• ⚠ The Adecco Group launched a new venture powered by Salesforce on May 21, 2024, to automate and digitize staffing workflo...

🔒 Proprietary analysis

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