{"id":18324,"date":"2025-02-26T15:46:31","date_gmt":"2025-02-26T08:46:31","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=18324"},"modified":"2025-02-26T15:46:31","modified_gmt":"2025-02-26T08:46:31","slug":"the-adecco-group-q4-full-year-2024-results","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=18324","title":{"rendered":"The Adecco Group: Q4 &amp; FULL YEAR 2024 RESULTS"},"content":{"rendered":"<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2608173\/5185161\/The_Adecco_Group_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Market share gains; strong cash generation; above target G&amp;A savings driving resilient profitability<\/b><\/p>\n<p><b>AD HOC ANNOUNCEMENT\u00a0pursuant to Art. 53 Listing Rules of SIX Swiss Exchange<\/b><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">ZURICH<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 26, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Q4 HIGHLIGHTS<\/p>\n<ul type=\"disc\">\n<li>Revenues -5%, and -3% organic. By GBU, Adecco -5%, Akkodis -6%, LHH -3%<\/li>\n<li>Resilient 19.2% gross margin; pricing firm, volume and mix effects<\/li>\n<li>Resilient 3.2% EBITA margin; negative operating leverage partly offset by strong G&amp;A savings<\/li>\n<li>Operating income \u20ac144 million; Net income \u20ac73 million<\/li>\n<li>Basic EPS \u20ac0.43; Adjusted EPS \u20ac0.63<\/li>\n<li>Strong operating cash flow +\u20ac491 million, +174 million yoy; free cash flow \u20ac446 million, +211 million yoy<\/li>\n<\/ul>\n<p>FULL-YEAR HIGHLIGHTS<\/p>\n<ul type=\"disc\">\n<li>Revenues -3%, and -2% organic. Strong market share gain of +200 basis points<\/li>\n<li>Resilient 19.4% gross margin; pricing firm, volume and mix effects<\/li>\n<li>Resilient 3.1% EBITA margin; strong G&amp;A savings, agile capacity management<\/li>\n<li>Operating income \u20ac541 million; Net income \u20ac303 million<\/li>\n<li>Basic EPS \u20ac1.81; Adjusted EPS \u20ac2.55<\/li>\n<li>Strong cash generation: operating cash flow +\u20ac707 million; free cash flow +\u20ac563 million; 109% conversion ratio<\/li>\n<li>Net debt \u20ac2.5 billion, ahead of management expectations<\/li>\n<li>Above target FY24 G&amp;A savings of \u20ac174 million delivered (net of inflation versus 2022 baseline)<\/li>\n<li>Updated dividend policy leading to proposed DPS of <span class=\"xn-money\">CHF 1.00<\/span><\/li>\n<li>End-24 net debt\/EBITDA ratio 2.8x; targeting \u2264 1.5x net debt\/EBITDA ratio by end-27<\/li>\n<\/ul>\n<p><b>Denis\u00a0Machuel, Adecco Group CEO, commented:<\/b>\u00a0&#8220;We are rigorously executing against our Future@Work Reloaded strategy. We have consistently gained market share in challenging markets, streamlined the business model and reduced G&amp;A costs by over 20 percent, ahead of target, and delivered strong cash generation. We are accelerating the roll-out of AI-powered technologies and the expansion of our advanced digital delivery engine. Today, the Group is taking necessary action to accelerate deleveraging and increase financial flexibility with an updated dividend policy. We are increasingly confident that markets will improve, driving growth; and our continued rigorous execution will drive further market share gains, profitability and cash in future periods, supported by the excellent positioning of the Group&#8217;s portfolio in talent and technology solutions.&#8221;<\/p>\n<p><a href=\"https:\/\/www.adeccogroup.com\/investors\/results-and-reports\/\" target=\"_blank\" rel=\"nofollow\">Full Press Release<\/a><\/p>\n<p><a href=\"https:\/\/events.q4inc.com\/attendee\/662956043\" target=\"_blank\" rel=\"nofollow\">Webcast Details<\/a>\u00a0| Investors &amp; Analysts<\/p>\n<p>Media contacts:<\/p>\n<ul type=\"circle\">\n<li>Press Office<\/li>\n<li>Email:\u00a0<a href=\"mailto:media@adeccogroup.com\" target=\"_blank\" rel=\"nofollow\">media@adeccogroup.com<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2608173\/5185161\/The_Adecco_Group_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>Market share gains; strong cash generation; above target G&amp;A savings driving resilient profitability<\/b><\/p>\n<p><b>AD HOC ANNOUNCEMENT\u00a0pursuant to Art. 53 Listing Rules of SIX Swiss Exchange<\/b><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">ZURICH<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 26, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Q4 HIGHLIGHTS<\/p>\n<ul type=\"disc\">\n<li>Revenues -5%, and -3% organic. By GBU, Adecco -5%, Akkodis -6%, LHH -3%<\/li>\n<li>Resilient 19.2% gross margin; pricing firm, volume and mix effects<\/li>\n<li>Resilient 3.2% EBITA margin; negative operating leverage partly offset by strong G&amp;A savings<\/li>\n<li>Operating income \u20ac144 million; Net income \u20ac73 million<\/li>\n<li>Basic EPS \u20ac0.43; Adjusted EPS \u20ac0.63<\/li>\n<li>Strong operating cash flow +\u20ac491 million, +174 million yoy; free cash flow \u20ac446 million, +211 million yoy<\/li>\n<\/ul>\n<p>FULL-YEAR HIGHLIGHTS<\/p>\n<ul type=\"disc\">\n<li>Revenues -3%, and -2% organic. Strong market share gain of +200 basis points<\/li>\n<li>Resilient 19.4% gross margin; pricing firm, volume and mix effects<\/li>\n<li>Resilient 3.1% EBITA margin; strong G&amp;A savings, agile capacity management<\/li>\n<li>Operating income \u20ac541 million; Net income \u20ac303 million<\/li>\n<li>Basic EPS \u20ac1.81; Adjusted EPS \u20ac2.55<\/li>\n<li>Strong cash generation: operating cash flow +\u20ac707 million; free cash flow +\u20ac563 million; 109% conversion ratio<\/li>\n<li>Net debt \u20ac2.5 billion, ahead of management expectations<\/li>\n<li>Above target FY24 G&amp;A savings of \u20ac174 million delivered (net of inflation versus 2022 baseline)<\/li>\n<li>Updated dividend policy leading to proposed DPS of <span class=\"xn-money\">CHF 1.00<\/span><\/li>\n<li>End-24 net debt\/EBITDA ratio 2.8x; targeting \u2264 1.5x net debt\/EBITDA ratio by end-27<\/li>\n<\/ul>\n<p><b>Denis\u00a0Machuel, Adecco Group CEO, commented:<\/b>\u00a0&#8220;We are rigorously executing against our Future@Work Reloaded strategy. We have consistently gained market share in challenging markets, streamlined the business model and reduced G&amp;A costs by over 20 percent, ahead of target, and delivered strong cash generation. We are accelerating the roll-out of AI-powered technologies and the expansion of our advanced digital delivery engine. Today, the Group is taking necessary action to accelerate deleveraging and increase financial flexibility with an updated dividend policy. We are increasingly confident that markets will improve, driving growth; and our continued rigorous execution will drive further market share gains, profitability and cash in future periods, supported by the excellent positioning of the Group&#8217;s portfolio in talent and technology solutions.&#8221;<\/p>\n<p><a href=\"https:\/\/www.adeccogroup.com\/investors\/results-and-reports\/\" target=\"_blank\" rel=\"nofollow\">Full Press Release<\/a><\/p>\n<p><a href=\"https:\/\/events.q4inc.com\/attendee\/662956043\" target=\"_blank\" rel=\"nofollow\">Webcast Details<\/a>\u00a0| Investors &amp; Analysts<\/p>\n<p>Media contacts:<\/p>\n<ul type=\"circle\">\n<li>Press Office<\/li>\n<li>Email:\u00a0<a href=\"mailto:media@adeccogroup.com\" target=\"_blank\" rel=\"nofollow\">media@adeccogroup.com<\/a><\/li>\n<\/ul>\n<p><!-- \/wp:html --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-18324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/18324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18324"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/18324\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}