- AD HOC ANNOUNCEMENT in accordance with art. 53 listing rules of the SIX Swiss Exchange

ZURICH, Nov. 2, 2023 /PRNewswire/ --

Strong market share gains, improving profitability

Denis Machuel, CEO of Adecco Group, commented:

"In a challenging macroeconomic environment, the group achieved good growth and stronger relative revenue performance, with strengthened EBITA. Adecco gained share in all regions, with margin expansion thanks to pricing discipline, productivity increases and good cost control. Adecco North America showed further positive signs of turnaround progress and achieved profitability. Akkodis continued to expand its consulting business, while actively managing the significant decline in the technology staffing market. This, combined with productivity gains and synergies, resulted in improved profitability. LHH delivered a solid margin, with very good growth in both Career Transition and Ezra."

"We are constantly improving our business as we methodically execute our Simplify-Run-Grow plan. Together with our leadership team, I look forward to sharing more about our plans to further strengthen the performance of the Adecco Group at our upcoming Capital Markets Day" .

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