Financial Results
published on Feb 26, 2025
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Report Overview:
Report Outline:
Adecco Group has announced Q4 2024 results:
Q4 2024:
- Revenues were €5,873m, down 5.0% y/y, down 3% in CS/CC
- Adjusted EBITA was €187m, a margin of 3.2%, down 1.1 pts y/y
- EBITA was €161m, a margin of 2.8%, down 0.6 pts y/y.
Q4 2024 revenue (with y/y reported and organic growth) by segment was:
- Adecco France €1,133m (-8.3%, -10%)
- Adecco Northern Europe €531m (-8.1%, -10%)
- Adecco DACH €417m (-8.1%, -9%)
- Adecco Southern Europe + EEMENA €1,232m (+5.3%, +3%)
- Adecco Americas €640m (-10.5%, -5%)
- Adecco APAC €634m (+6.6%, +6%)
- LHH €436m (-2%, -3%)
- Akkodis €872m (-5%, -6%).
Q4 2024 revenues (with y/y reported and CC growth) by brand were:
- Flexible Placement €4,401m (-5% -5%)
- Permanent Placement €133m (-9.0%, -8%)
- Career Transition €125m (flat, +2%)
- Outsourcing, Consulting & Other Services €1,133m (+3%, +4%)
- Training, Upskilling & Reskilling €81m (+2%, +3%).
In Pontoon, revenues were 6% higher, led by a 17% growth in Direct Sourcing.