Recruitment agency Adecco Group continues recovery in the final quarter
The personnel services provider Adecco Group continued to grow organically in the final quarter of 2025. The recovery of the previous quarters thus continued. The dividend remains constant at the previous year's level.
25.02.2026, 07:01
SDA
In the months from October to December, the Adecco Group's sales increased by 1.4 percent to EUR 5.96 billion, as the company announced on Wednesday. Adjusted for currency effects and the different number of working days, organic growth even amounted to 3.9 percent. This means that the pace of growth is accelerating somewhat, following an increase of 3.4 percent in the third quarter.
The Group also made progress in terms of profitability. Operating profit before amortization (EBITA) adjusted for one-off effects rose by a fifth year-on-year to 225 million euros in the final quarter. The corresponding margin improved by 0.6 percentage points to 3.8 percent and was thus clearly within the target range of 3 to 6 percent.
In the end, consolidated net profit amounted to CHF 88 million compared to CHF 73 million in the same period of the previous year. This means that Adecco essentially met or slightly exceeded analysts' expectations. Only net profit fell slightly short of expectations.
Dividend remains constant
For the year as a whole, the Adecco Group's sales of EUR 23.1 billion remained roughly constant at the previous year's level. Adjusted operating profit EBITA fell slightly by 2 percent to EUR 693 million and net profit declined by 3 percent to EUR 295 million.
The Board of Directors is proposing an unchanged dividend payout of CHF 1.00 per share, following a significant reduction of CHF 1.50 in the previous year.
In the first quarter of the current financial year, the Group has so far recorded a sustained positive development in sales volumes. Management therefore expects the gross margin and selling and administrative expenses (excluding one-off effects) to remain stable compared to the previous quarter.
