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ADECCO SA UNSP ADR Earnings Calls
| Release date | May 13, 2026 |
| EPS estimate | $0.270 |
| EPS actual | $0.290 |
| EPS Surprise | 7.41% |
| Revenue estimate | 6.546B |
| Revenue actual | 6.606B |
| Revenue Surprise | 0.92% |
| Release date | Feb 25, 2026 |
| EPS estimate | $0.350 |
| EPS actual | $0.440 |
| EPS Surprise | 25.71% |
| Revenue estimate | 6.951B |
| Revenue actual | 7.003B |
| Revenue Surprise | 0.739% |
| Release date | Nov 06, 2025 |
| EPS estimate | $0.350 |
| EPS actual | $0.390 |
| EPS Surprise | 11.43% |
| Revenue estimate | 6.681B |
| Revenue actual | 6.765B |
| Revenue Surprise | 1.27% |
| Release date | Aug 05, 2025 |
| EPS estimate | $0.280 |
| EPS actual | $0.260 |
| EPS Surprise | -7.14% |
| Revenue estimate | 5.783B |
| Revenue actual | 6.8B |
| Revenue Surprise | 17.59% |
Last 4 Quarters for ADECCO SA UNSP ADR
Below you can see how AHEXY performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 05, 2025 |
| Price on release | $15.00 |
| EPS estimate | $0.280 |
| EPS actual | $0.260 |
| EPS surprise | -7.14% |
| Date | Price |
|---|---|
| Jul 30, 2025 | $15.81 |
| Jul 31, 2025 | $15.73 |
| Aug 01, 2025 | $15.46 |
| Aug 04, 2025 | $15.36 |
| Aug 05, 2025 | $15.00 |
| Aug 06, 2025 | $15.43 |
| Aug 07, 2025 | $16.32 |
| Aug 08, 2025 | $16.60 |
| Aug 11, 2025 | $16.31 |
| 4 days before | -5.12% |
| 4 days after | 8.73% |
| On release day | 2.87% |
| Change in period | 3.16% |
| Release date | Nov 06, 2025 |
| Price on release | $14.85 |
| EPS estimate | $0.350 |
| EPS actual | $0.390 |
| EPS surprise | 11.43% |
| Date | Price |
|---|---|
| Oct 31, 2025 | $13.89 |
| Nov 03, 2025 | $13.73 |
| Nov 04, 2025 | $13.58 |
| Nov 05, 2025 | $13.98 |
| Nov 06, 2025 | $14.85 |
| Nov 07, 2025 | $15.15 |
| Nov 10, 2025 | $15.58 |
| Nov 11, 2025 | $15.86 |
| Nov 12, 2025 | $16.24 |
| 4 days before | 6.91% |
| 4 days after | 9.36% |
| On release day | 2.02% |
| Change in period | 16.92% |
| Release date | Feb 25, 2026 |
| Price on release | $13.81 |
| EPS estimate | $0.350 |
| EPS actual | $0.440 |
| EPS surprise | 25.71% |
| Date | Price |
|---|---|
| Feb 19, 2026 | $13.80 |
| Feb 20, 2026 | $13.87 |
| Feb 23, 2026 | $13.51 |
| Feb 24, 2026 | $13.37 |
| Feb 25, 2026 | $13.81 |
| Feb 26, 2026 | $14.11 |
| Feb 27, 2026 | $14.03 |
| Mar 02, 2026 | $13.35 |
| Mar 03, 2026 | $13.19 |
| 4 days before | 0.0725% |
| 4 days after | -4.49% |
| On release day | 2.17% |
| Change in period | -4.42% |
| Release date | May 13, 2026 |
| Price on release | $9.85 |
| EPS estimate | $0.270 |
| EPS actual | $0.290 |
| EPS surprise | 7.41% |
| Date | Price |
|---|---|
| May 07, 2026 | $11.55 |
| May 08, 2026 | $11.82 |
| May 11, 2026 | $11.83 |
| May 12, 2026 | $11.69 |
| May 13, 2026 | $9.85 |
| May 14, 2026 | $9.73 |
| May 15, 2026 | $9.42 |
| May 18, 2026 | $9.66 |
| May 19, 2026 | $9.74 |
| 4 days before | -14.72% |
| 4 days after | -1.12% |
| On release day | -1.22% |
| Change in period | -15.67% |
ADECCO SA UNSP ADR Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Strong Q1 operational and financial performance: organic revenue growth of 5.3% (trading-days adjusted) and group EBITA excluding one-offs up 24% on an organic constant-currency basis. EBITA margin expanded to 2.6% (up 20 bps YoY). Gross margin was 18.8%.
- Market share and margin dynamics: the Group gained market share (outperforming peers by ~365 bps) but gross margin is impacted by business mix (flex vs. perm), FX headwinds and country mix (overall organic gross margin moved ~40 bps lower YoY). Management attributes part of the margin pattern to mix (larger-client growth and country mix) rather than underlying spread compression.
- AI is a strategic growth and productivity lever: consolidated digital platform (27,000 recruiters on a common stack), Agentic AI rolling out (agents in multiple countries), >30,000 monthly agent conversations, >110,000 candidate skills updated, ~20% time savings for recruiters so far. Management targets ~50% of Adecco revenues to be covered by Agentic AI by end-2026.
- Business unit / regional highlights: Adecco GBU grew revenues 6.6% (flex +6%, outsourcing +16%, perm -7%). Americas delivered very strong growth (+15%). APAC grew 8% (Japan +6%, India +10%), FESCO contribution stable. Akkodis revenues were broadly stable (-1%) but profitability improving (EBITA +23%, margin 4.2%). LHH: revenues -1% but EBITA up 50% and margin ~11%.
- Cash, balance sheet and capital actions: last-12-month cash conversion ratio 94%; Q1 operating cash outflow EUR 178m (seasonal, working capital absorbed for growth); net debt/EBITDA improved to 0.2x. Issued EUR 450m hybrid bond (coupon 4.875%), undrawn EUR 750m RCF; 76% of gross debt fixed; no financial covenants. Dividend scrip uptake 53%.
- Near-term outlook and priorities: management expects Q2 gross margin to be marginally lower sequentially and SG&A (ex-one-offs) marginally higher sequentially due to selective investments to capture growth. Continued focus on market-share gains, disciplined capacity/cost management, productivity and deleveraging target (net debt/EBITDA ≤ 1.5x by end-2027, absent major shocks).
- Key risks / watch items: ongoing softness in permanent placement (perm volumes down), margin pressure from mix (large-client growth, lower-salary country mix), segment-specific headwinds (German autos impacting Akkodis Germany). Execution of AI scale-up and conversion of productivity into sustained margin expansion are key to monitor.
