The Adecco Group Reports Q3 2026 Growth and Margin Expansion
The Adecco Group has reported strong third-quarter 2026 results, characterized by a 3.7% organic revenue growth and significant margin expansion driven by operating leverage. The company saw notable regional performance with the Americas growing by 9% and EMEA (excluding France) rising by 8%. While gross margins saw a slight year-on-year dip of 30 basis points, EBITA excluding one-offs rose 10% to €213 million. The Group is actively focusing on deleveraging its balance sheet, reducing the net debt/EBITDA ratio to 2.5x and aiming for ≤1.5x by the end of 2027. Additionally, management is implementing organizational simplifications intended to generate €75 million in additional annual run-rate savings by Q3 2027, following previous successful cost-saving initiatives.
Coverage
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