AD HOC ANNOUNCEMENT in accordance with art. 53 Listing Rules of SIX Swiss Exchange
ZURICH, Aug. 3, 2023 /PRNewswire/ -- Results for the second quarter of 2023
Strong revenue growth, further market share gain, good cost management
Denis Machuel, CEO of the Adecco Group, said:
"The Group delivered another quarter of revenue acceleration and market share growth. Adecco's business achieved growth across all regions at a level that continued to outperform its peers, and with underlying margin improvement. Adecco USA saw sequential improvement and further signs of recovery progression In LHH, Career Transition and Ezra businesses delivered record quarters and profitability strengthened for GBU overall Akkodis delivered strong growth in consulting with excellent progress in the US ., while the staffing side of the business was hampered by contracting hiring in the technology sector.Integration work and capturing synergies are progressing smoothly.Across the Group, we continue to drive productivity and cost discipline, with general and administrative expenses lower in the quarter and delivery in line with the committed savings plan firmly on track. Looking ahead, while we recognize a challenging macroeconomic environment, we see positive momentum, driven by the strength of our unique portfolio and our relentless focus on performance."
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