Adecco seen up on 'solid' Q4 results

Adecco AG

25/02/2026 07:52

** Adecco ADEN.S shares are seen up 2.4% pre-market after the Swiss staffing company said it was seeing "positive momentum" as it reported revenue growth and better-than-expected operating income in Q4, up 28% year-on-year

** "Adecco delivered another solid performance in a difficult market environment, outperforming its peers and finally reclaiming market leadership, a strong validation of the strategy and its execution", Vontobel analyst Michael Foeth says

** He highlights stable trends in France and growing revenue in Southern Europe, Germany, Austria, Asia-Pacific and North America on the back of large client activity

** "Balance sheet leverage continued to improve", he adds, as the co reported free cash flow above forecast and a FY 2025 net debt/EBITDA ratio down to 2.4 from 2.6 in 2024

 (Reporting by Emanuele Berro)

 ((emanuele.berro@thomsonreuters.com))