View ValuationAdecco Group 향후 성장Future 기준 점검 2/6Adecco Group (는) 각각 연간 13.4% 및 2.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 12.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.4% 로 예상됩니다.핵심 정보13.4%이익 성장률12.84%EPS 성장률Professional Services 이익 성장11.0%매출 성장률2.1%향후 자기자본이익률12.37%애널리스트 커버리지Good마지막 업데이트09 Jul 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 21Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Sandy Venugopal was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공고 • Mar 23Adecco Group AG(SWX:ADEN) dropped from FTSE All-World Index (USD)Adecco Group AG(SWX:ADEN) dropped from FTSE All-World Index (USD)공고 • Mar 16Adecco Group AG, Annual General Meeting, Apr 15, 2026Adecco Group AG, Annual General Meeting, Apr 15, 2026, at 11:00 W. Europe Standard Time.공고 • Mar 14Adecco Group AG announces Annual dividend, payable on May 07, 2026Adecco Group AG announced Annual dividend of CHF 1.0000 per share payable on May 07, 2026, ex-date on April 20, 2026 and record date on April 21, 2026.공고 • Feb 25The Adecco Group Announces Not Stand for Re-Election of DirectorsThe Adecco Group announced longstanding members Kathleen Taylor and Didier Lamouche, who joined the Board in 2015 and 2011 respectively, are not standing for re-election. Jean-Christophe Deslarzes, the Chair of the Board of Directors, will stand for re-election for a final term that will run until the 2027 AGM, when he plans to step down after twelve years as a board member, including seven as Chair.공고 • Nov 07+ 1 more updateAdecco Group Ag Announces Executive Committee Member Changes, Effective January 1, 2026Adecco Group AG announces the appointment of Valentina Ficaio as member of the executive committee from January 1, 2026. She will succeed Coram Williams who has decided to step down and will assume the role of CFO for a company in the automotive sector in Germany in the New Year. Coram joined the Adecco Group in 2020.Valentina, who is Italian, joined the Adecco Group as CFO Iberia in 2019 and then became regional CFO for Southern and Eastern Europe, Middle East and Northern Africa. She is now group senior vice president finance, leading financial planning, controllership and strategy. Prior to joining the Adecco Group, Valentina held CFO roles in the automotive industry and automotive financing and banking. She has a business and managerial economics degree from Luiss Guido Carli University, Rome.공고 • Nov 06Adecco Group AG to Report Q4, 2025 Results on Feb 25, 2026Adecco Group AG announced that they will report Q4, 2025 results on Feb 25, 2026공고 • Mar 19Adecco Group AG, Annual General Meeting, Apr 17, 2025Adecco Group AG, Annual General Meeting, Apr 17, 2025, at 11:00 W. Europe Standard Time.공고 • Mar 18The Adecco Group Announces Executive ChangesThe Adecco Group announced the appointment of Jo Debecker as President of Akkodis and member of the Group Executive Committee from 22 April 2025. In his new role, Jo will build on the strong foundation established through the successful integration of AKKA and Modis over the past three years, which has positioned Akkodis as a global leader within the ER&D Technology Consulting market. He will work with the Akkodis team to accelerate the delivery of strategic priorities, including the roll-out of technology practices and the expansion of offshore capabilities. These initiatives will support Akkodis' profitable growth ambitions in a rapidly expanding addressable market. Jo brings a wealth of experience in global technology services, including leading global businesses in the IT, digital and software/cloud engineering space, having most recently served as the Head of Wipro's FullStride Global Business Line and a member Wipro's Executive Board. At Wipro, he led the FullStride division to higher profitability levels, generating USD 5 billion revenues, by leveraging offshoring and aligning the portfolio of solutions with strongest growth opportunities. Jo is known for his customer-focused and delivery-oriented approach and strong team leadership skills. Prior to Wipro, he held senior management positions in several global technology services companies. Jo, a Belgian and Swiss citizen, holds a master's degree in finance and computer science from The University of Leuven, Belgium. After six years of dedicated service, including his critical role in forming Modis as a separate Global Business Unit, and then in the successful integration of AKKA and Modis, Dr. Jan Gupta, has stepped down from his role as president of Akkodis and as a member of the Adecco Group's Executive Committee.공고 • Jan 10+ 2 more updatesAdecco Group AG to Report Q2, 2025 Results on Aug 05, 2025Adecco Group AG announced that they will report Q2, 2025 results on Aug 05, 2025공고 • Jul 04Adecco Group Reportedly Considers Possible Sale of AkkodisSwiss staffing company Adecco Group AG (SWX:ADEN) is considering a possible sale of its technology consulting unit Akkodis (Akkodis Group Ltd.), according to people familiar with the matter. The Zurich-based company has been gauging potential buyer interest for the division, which was created through the purchase of AKKA Technologies SE, the people said. Adecco Group could opt to keep a stake in Akkodis in any sale, some of the people said. Deliberations are ongoing and may not lead to a transaction, they said, asking not to be identified as the information is private. A representative for Adecco Group declined to comment. “We do not believe a sale of Akkodis is necessary for the company, and a natural industry buyer is not directly visible for us,” Konrad Zomer, an analyst at ABN Amro Oddo Bhf BV, wrote in a note. A private equity buyer could always be interested as it requires little invested capital, generates decent free cash flow, is profitable and can be levered up to an extent, the analyst said.Reported Earnings • May 10First quarter 2024 earnings released: EPS: €0.43 (vs €0.55 in 1Q 2023)First quarter 2024 results: EPS: €0.43 (down from €0.55 in 1Q 2023). Revenue: €5.72b (down 3.0% from 1Q 2023). Net income: €73.0m (down 21% from 1Q 2023). Profit margin: 1.3% (down from 1.6% in 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 19% per year.Board Change • May 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Sandhya Venugopal was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Apr 10Upcoming dividend of CHF2.50 per shareEligible shareholders must have bought the stock before 16 April 2024. Payment date: 18 April 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.3%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (1.9%).공고 • Mar 05Adecco Group AG to Report Fiscal Year 2023 Final Results on Mar 13, 2024Adecco Group AG announced that they will report fiscal year 2023 final results on Mar 13, 2024New Risk • Mar 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 138% Cash payout ratio: 126% Minor Risk Large one-off items impacting financial results.공고 • Mar 02Adecco Group AG Proposes Dividend for the Year 2023Adecco Group AG proposed dividend of CHF 2.50 per share for the year 2023.Reported Earnings • Mar 02Full year 2023 earnings released: EPS: €1.94 (vs €2.05 in FY 2022)Full year 2023 results: EPS: €1.94 (down from €2.05 in FY 2022). Revenue: €24.0b (up 1.3% from FY 2022). Net income: €325.0m (down 5.0% from FY 2022). Profit margin: 1.4% (in line with FY 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.공고 • Jan 13Adecco Group AG, Annual General Meeting, Apr 11, 2024Adecco Group AG, Annual General Meeting, Apr 11, 2024.공고 • Nov 17+ 2 more updatesAdecco Group AG to Report Q3, 2024 Results on Nov 05, 2024Adecco Group AG announced that they will report Q3, 2024 results on Nov 05, 2024Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: €0.62 (vs €0.65 in 3Q 2022)Third quarter 2023 results: EPS: €0.62 (down from €0.65 in 3Q 2022). Revenue: €5.96b (down 1.4% from 3Q 2022). Net income: €103.0m (down 4.6% from 3Q 2022). Profit margin: 1.7% (in line with 3Q 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the United Kingdom.Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CHF39.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Professional Services industry in the United Kingdom. Total returns to shareholders of 38% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CHF50.46 per share.공고 • Aug 15Adecco Group AG to Report Q4, 2023 Results on Feb 29, 2024Adecco Group AG announced that they will report Q4, 2023 results on Feb 29, 2024Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: €0.37 (vs €0.46 in 2Q 2022)Second quarter 2023 results: EPS: €0.37 (down from €0.46 in 2Q 2022). Revenue: €6.00b (up 1.0% from 2Q 2022). Net income: €62.0m (down 20% from 2Q 2022). Profit margin: 1.0% (down from 1.3% in 2Q 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Professional Services industry in the United Kingdom.Reported Earnings • May 06First quarter 2023 earnings released: EPS: €0.55 (vs €0.55 in 1Q 2022)First quarter 2023 results: EPS: €0.55 (down from €0.55 in 1Q 2022). Revenue: €5.89b (up 8.2% from 1Q 2022). Net income: €92.0m (flat on 1Q 2022). Profit margin: 1.6% (down from 1.7% in 1Q 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in the United Kingdom.Upcoming Dividend • Apr 11Upcoming dividend of CHF2.50 per share at 7.8% yieldEligible shareholders must have bought the stock before 18 April 2023. Payment date: 20 April 2023. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 7.8%. Within top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.4%).Reported Earnings • Mar 02Full year 2022 earnings released: EPS: €2.05 (vs €3.62 in FY 2021)Full year 2022 results: EPS: €2.05 (down from €3.62 in FY 2021). Revenue: €23.6b (up 13% from FY 2021). Net income: €342.0m (down 42% from FY 2021). Profit margin: 1.4% (down from 2.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in the United Kingdom.공고 • Feb 15the Adecco Group Appoints Geno Cutolo as Head of Adecco North AmericaThe Adecco Group announced that Geno Cutolo has joined the Group as Head of Adecco North America. With over two decades of experience in the staffing and workforce solutions industry, Cutolo offers a rich understanding of North America's talent landscape amid an increasingly dynamic global labor market. Prior to joining Adecco, Cutolo was president and CEO of Staffmark Group, a North American subsidiary of Recruit Holdings, the parent of Indeed and Glassdoor. Throughout his career, Cutolo has received various industry recognitions, including being named six times to Staffing Industry Analysts' Staffing 100 list. He is deeply passionate about furthering diversity, equity and inclusion initiatives, and he plays an active role in the community through several organizations which support disadvantaged youth.공고 • Jan 31Adecco Group AG to Report Q3, 2023 Results on Nov 02, 2023Adecco Group AG announced that they will report Q3, 2023 results on Nov 02, 2023공고 • Jan 26+ 2 more updatesAdecco Group AG to Report Q4, 2022 Results on Feb 28, 2023Adecco Group AG announced that they will report Q4, 2022 results on Feb 28, 2023Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Director Rachel Duan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: €0.65 (vs €0.83 in 3Q 2021)Third quarter 2022 results: EPS: €0.65 (down from €0.83 in 3Q 2021). Revenue: €6.04b (up 16% from 3Q 2021). Net income: €108.0m (down 19% from 3Q 2021). Profit margin: 1.8% (down from 2.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Professional Services industry in the United Kingdom.Board Change • Jul 26Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Director Rachel Duan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측BATS-CHIXE:ADENZ - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202824,8694745526701312/31/202724,1484064925921612/31/202623,559341396538123/31/202623,167304448579N/A12/31/202523,082295483613N/A9/30/202522,997280503628N/A6/30/202522,925290415549N/A3/31/202522,994290491630N/A12/31/202423,138303563707N/A9/30/202423,374298352533N/A6/30/202423,628302519694N/A3/31/202423,782306419612N/A12/31/202323,957325347563N/A9/30/202324,060322505705N/A6/30/202324,146327305533N/A3/31/202324,086342146372N/A12/31/202223,640342328543N/A9/30/202222,923461155356N/A6/30/202222,099486303470N/A3/31/202221,424554518663N/A12/31/202120,949586590722N/A9/30/202120,860551482609N/A6/30/202120,475498395535N/A3/31/202119,393374622765N/A12/31/202019,561-98563720N/A9/30/202020,1169790943N/A6/30/202021,179108817965N/A3/31/202022,921246621768N/A12/31/201923,427727N/A880N/A9/30/201923,593359N/A741N/A6/30/201923,691450N/A734N/A3/31/201923,820461N/A892N/A12/31/201823,867458N/A727N/A9/30/201823,797867N/A689N/A6/30/201823,702720N/A704N/A3/31/201823,622742N/A638N/A12/31/201723,660788N/A737N/A9/30/201723,472707N/A866N/A6/30/201723,382757N/A903N/A3/31/201723,106755N/A844N/A12/31/201622,708723N/A694N/A9/30/201622,511691N/A651N/A6/30/201622,3735N/A727N/A3/31/201622,259-8N/A703N/A12/31/201522,0108N/A799N/A9/30/201521,5109N/A785N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: ADENZ 의 연간 예상 수익 증가율(13.4%)이 saving rate(3.4%)보다 높습니다.수익 vs 시장: ADENZ 의 연간 수익(13.4%)이 UK 시장(11.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: ADENZ 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: ADENZ 의 수익(연간 2.1%)이 UK 시장(연간 4.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: ADENZ 의 수익(연간 2.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: ADENZ의 자본 수익률은 3년 후 12.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCommercial-services 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/13 04:46종가2026/07/13 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Adecco Group AG는 32명의 분석가가 다루고 있습니다. 이 중 16명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Gerhard SchwarzBaader Helvea Equity ResearchPaul Daniel SullivanBarclaysAfonso OsorioBarclays29명의 분석가 더 보기
Board Change • May 21Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Sandy Venugopal was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공고 • Mar 23Adecco Group AG(SWX:ADEN) dropped from FTSE All-World Index (USD)Adecco Group AG(SWX:ADEN) dropped from FTSE All-World Index (USD)
공고 • Mar 16Adecco Group AG, Annual General Meeting, Apr 15, 2026Adecco Group AG, Annual General Meeting, Apr 15, 2026, at 11:00 W. Europe Standard Time.
공고 • Mar 14Adecco Group AG announces Annual dividend, payable on May 07, 2026Adecco Group AG announced Annual dividend of CHF 1.0000 per share payable on May 07, 2026, ex-date on April 20, 2026 and record date on April 21, 2026.
공고 • Feb 25The Adecco Group Announces Not Stand for Re-Election of DirectorsThe Adecco Group announced longstanding members Kathleen Taylor and Didier Lamouche, who joined the Board in 2015 and 2011 respectively, are not standing for re-election. Jean-Christophe Deslarzes, the Chair of the Board of Directors, will stand for re-election for a final term that will run until the 2027 AGM, when he plans to step down after twelve years as a board member, including seven as Chair.
공고 • Nov 07+ 1 more updateAdecco Group Ag Announces Executive Committee Member Changes, Effective January 1, 2026Adecco Group AG announces the appointment of Valentina Ficaio as member of the executive committee from January 1, 2026. She will succeed Coram Williams who has decided to step down and will assume the role of CFO for a company in the automotive sector in Germany in the New Year. Coram joined the Adecco Group in 2020.Valentina, who is Italian, joined the Adecco Group as CFO Iberia in 2019 and then became regional CFO for Southern and Eastern Europe, Middle East and Northern Africa. She is now group senior vice president finance, leading financial planning, controllership and strategy. Prior to joining the Adecco Group, Valentina held CFO roles in the automotive industry and automotive financing and banking. She has a business and managerial economics degree from Luiss Guido Carli University, Rome.
공고 • Nov 06Adecco Group AG to Report Q4, 2025 Results on Feb 25, 2026Adecco Group AG announced that they will report Q4, 2025 results on Feb 25, 2026
공고 • Mar 19Adecco Group AG, Annual General Meeting, Apr 17, 2025Adecco Group AG, Annual General Meeting, Apr 17, 2025, at 11:00 W. Europe Standard Time.
공고 • Mar 18The Adecco Group Announces Executive ChangesThe Adecco Group announced the appointment of Jo Debecker as President of Akkodis and member of the Group Executive Committee from 22 April 2025. In his new role, Jo will build on the strong foundation established through the successful integration of AKKA and Modis over the past three years, which has positioned Akkodis as a global leader within the ER&D Technology Consulting market. He will work with the Akkodis team to accelerate the delivery of strategic priorities, including the roll-out of technology practices and the expansion of offshore capabilities. These initiatives will support Akkodis' profitable growth ambitions in a rapidly expanding addressable market. Jo brings a wealth of experience in global technology services, including leading global businesses in the IT, digital and software/cloud engineering space, having most recently served as the Head of Wipro's FullStride Global Business Line and a member Wipro's Executive Board. At Wipro, he led the FullStride division to higher profitability levels, generating USD 5 billion revenues, by leveraging offshoring and aligning the portfolio of solutions with strongest growth opportunities. Jo is known for his customer-focused and delivery-oriented approach and strong team leadership skills. Prior to Wipro, he held senior management positions in several global technology services companies. Jo, a Belgian and Swiss citizen, holds a master's degree in finance and computer science from The University of Leuven, Belgium. After six years of dedicated service, including his critical role in forming Modis as a separate Global Business Unit, and then in the successful integration of AKKA and Modis, Dr. Jan Gupta, has stepped down from his role as president of Akkodis and as a member of the Adecco Group's Executive Committee.
공고 • Jan 10+ 2 more updatesAdecco Group AG to Report Q2, 2025 Results on Aug 05, 2025Adecco Group AG announced that they will report Q2, 2025 results on Aug 05, 2025
공고 • Jul 04Adecco Group Reportedly Considers Possible Sale of AkkodisSwiss staffing company Adecco Group AG (SWX:ADEN) is considering a possible sale of its technology consulting unit Akkodis (Akkodis Group Ltd.), according to people familiar with the matter. The Zurich-based company has been gauging potential buyer interest for the division, which was created through the purchase of AKKA Technologies SE, the people said. Adecco Group could opt to keep a stake in Akkodis in any sale, some of the people said. Deliberations are ongoing and may not lead to a transaction, they said, asking not to be identified as the information is private. A representative for Adecco Group declined to comment. “We do not believe a sale of Akkodis is necessary for the company, and a natural industry buyer is not directly visible for us,” Konrad Zomer, an analyst at ABN Amro Oddo Bhf BV, wrote in a note. A private equity buyer could always be interested as it requires little invested capital, generates decent free cash flow, is profitable and can be levered up to an extent, the analyst said.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: €0.43 (vs €0.55 in 1Q 2023)First quarter 2024 results: EPS: €0.43 (down from €0.55 in 1Q 2023). Revenue: €5.72b (down 3.0% from 1Q 2023). Net income: €73.0m (down 21% from 1Q 2023). Profit margin: 1.3% (down from 1.6% in 1Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 19% per year.
Board Change • May 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Sandhya Venugopal was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Apr 10Upcoming dividend of CHF2.50 per shareEligible shareholders must have bought the stock before 16 April 2024. Payment date: 18 April 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.3%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (1.9%).
공고 • Mar 05Adecco Group AG to Report Fiscal Year 2023 Final Results on Mar 13, 2024Adecco Group AG announced that they will report fiscal year 2023 final results on Mar 13, 2024
New Risk • Mar 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 138% Cash payout ratio: 126% Minor Risk Large one-off items impacting financial results.
공고 • Mar 02Adecco Group AG Proposes Dividend for the Year 2023Adecco Group AG proposed dividend of CHF 2.50 per share for the year 2023.
Reported Earnings • Mar 02Full year 2023 earnings released: EPS: €1.94 (vs €2.05 in FY 2022)Full year 2023 results: EPS: €1.94 (down from €2.05 in FY 2022). Revenue: €24.0b (up 1.3% from FY 2022). Net income: €325.0m (down 5.0% from FY 2022). Profit margin: 1.4% (in line with FY 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
공고 • Jan 13Adecco Group AG, Annual General Meeting, Apr 11, 2024Adecco Group AG, Annual General Meeting, Apr 11, 2024.
공고 • Nov 17+ 2 more updatesAdecco Group AG to Report Q3, 2024 Results on Nov 05, 2024Adecco Group AG announced that they will report Q3, 2024 results on Nov 05, 2024
Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: €0.62 (vs €0.65 in 3Q 2022)Third quarter 2023 results: EPS: €0.62 (down from €0.65 in 3Q 2022). Revenue: €5.96b (down 1.4% from 3Q 2022). Net income: €103.0m (down 4.6% from 3Q 2022). Profit margin: 1.7% (in line with 3Q 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the United Kingdom.
Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CHF39.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Professional Services industry in the United Kingdom. Total returns to shareholders of 38% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CHF50.46 per share.
공고 • Aug 15Adecco Group AG to Report Q4, 2023 Results on Feb 29, 2024Adecco Group AG announced that they will report Q4, 2023 results on Feb 29, 2024
Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: €0.37 (vs €0.46 in 2Q 2022)Second quarter 2023 results: EPS: €0.37 (down from €0.46 in 2Q 2022). Revenue: €6.00b (up 1.0% from 2Q 2022). Net income: €62.0m (down 20% from 2Q 2022). Profit margin: 1.0% (down from 1.3% in 2Q 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Professional Services industry in the United Kingdom.
Reported Earnings • May 06First quarter 2023 earnings released: EPS: €0.55 (vs €0.55 in 1Q 2022)First quarter 2023 results: EPS: €0.55 (down from €0.55 in 1Q 2022). Revenue: €5.89b (up 8.2% from 1Q 2022). Net income: €92.0m (flat on 1Q 2022). Profit margin: 1.6% (down from 1.7% in 1Q 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in the United Kingdom.
Upcoming Dividend • Apr 11Upcoming dividend of CHF2.50 per share at 7.8% yieldEligible shareholders must have bought the stock before 18 April 2023. Payment date: 20 April 2023. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 7.8%. Within top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.4%).
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: €2.05 (vs €3.62 in FY 2021)Full year 2022 results: EPS: €2.05 (down from €3.62 in FY 2021). Revenue: €23.6b (up 13% from FY 2021). Net income: €342.0m (down 42% from FY 2021). Profit margin: 1.4% (down from 2.8% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in the United Kingdom.
공고 • Feb 15the Adecco Group Appoints Geno Cutolo as Head of Adecco North AmericaThe Adecco Group announced that Geno Cutolo has joined the Group as Head of Adecco North America. With over two decades of experience in the staffing and workforce solutions industry, Cutolo offers a rich understanding of North America's talent landscape amid an increasingly dynamic global labor market. Prior to joining Adecco, Cutolo was president and CEO of Staffmark Group, a North American subsidiary of Recruit Holdings, the parent of Indeed and Glassdoor. Throughout his career, Cutolo has received various industry recognitions, including being named six times to Staffing Industry Analysts' Staffing 100 list. He is deeply passionate about furthering diversity, equity and inclusion initiatives, and he plays an active role in the community through several organizations which support disadvantaged youth.
공고 • Jan 31Adecco Group AG to Report Q3, 2023 Results on Nov 02, 2023Adecco Group AG announced that they will report Q3, 2023 results on Nov 02, 2023
공고 • Jan 26+ 2 more updatesAdecco Group AG to Report Q4, 2022 Results on Feb 28, 2023Adecco Group AG announced that they will report Q4, 2022 results on Feb 28, 2023
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Director Rachel Duan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: €0.65 (vs €0.83 in 3Q 2021)Third quarter 2022 results: EPS: €0.65 (down from €0.83 in 3Q 2021). Revenue: €6.04b (up 16% from 3Q 2021). Net income: €108.0m (down 19% from 3Q 2021). Profit margin: 1.8% (down from 2.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Professional Services industry in the United Kingdom.
Board Change • Jul 26Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Director Rachel Duan was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.