Adecco posts above-forecast Q3 numbers, shares jump
By Abigail Townsend
Date: Thursday 06 Nov 2025
(Sharecast News) - Shares in Adecco Group rallied on Thursday, after the European recruiter posted better-than-expected third-quarter numbers.
Revenues at the Swiss firm rose 1%, or by 3% on an organic basis, in the three months to September end, to €5.78bn, slightly ahead of consensus for €5.76bn.
Underlying earnings before one-off costs were 5% stronger at £195m. Net income was down 10% - or by 2% on a constant currency basis - at €89m, though that was notably better than the €70m expected by analysts.
Staffing companies such as Adecco, which operates in 60 countries, are facing numerous headwinds, as widespread economic uncertainty and geopolitical risk weigh on hiring decisions.
However, Denis Machuel, chief executive, said: "Our positive trajectory has continued in mixed markets, with further market share gains and good growth. We have improved margins by 90 basis points compared to the last quarter, demonstrating strong operating leverage."
As at 1045 GMT, the Zurich-listed stock was trading up 6%.
Looking to the fourth quarter, Adecco forecast revenue growth in line with the third, noting: "The group is focused on managing capacity with agility to balance share gain and productivity in mixed markets, in addition to securing general and administration savings.
"The group is on track to deliver its full-year earnings before interest, tax and amortisation margin commitment."
Adecco also announced on Thursday that chief financial officer Coram Williams had resigned and would be replaced by Valentina Ficaio, the current group senior vice president, finance.
Williams, who is leaving to take up a new role at a German company, will leave at the end of the year.
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