The Adecco Group is a provider of HR solutions. The services offered fall into the broad categories of temporary staffing, permanent placement, career transition and talent development, as well as outsourcing and consulting. The Company's vision is to ensure that people across the globe are inspired, motivated, trained and developed to embrace the future of work.

Employee Rating

3.2More
TypePublic
HQZürich, CH
Founded1996
Size (employees)33,787 (est)+3%
Websiteadecco.com
Adecco was founded in 1996 and is headquartered in Zürich, CH
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Key People/Management at Adecco

Alain Dehaze

Alain Dehaze

CEO
Hans Ploos van Amstel

Hans Ploos van Amstel

CFO
Christophe Catoir

Christophe Catoir

Regional Head of France
Enrique Sanchez

Enrique Sanchez

Regional Head of Iberia and Latin America
Ian Lee

Ian Lee

Regional Head of Asia Pacific
John Marshall

John Marshall

Regional Head of North America, UK and Ireland, Professional Staffing
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Adecco Office Locations

Adecco has offices in Zürich, Bangkok, Taipei, Seoul and in 46 other locations
Zürich, (HQ)
30 Bellerivestrasse
Buenos Aires,
1 Carlos Pellegrini
Southbank,
16 28 Freshwater Pl
Wien,
123 Mariahilfer Str.
Dilbeek,
North coastlaan 16B Groot-Bijgaarden
São Paulo,
Alameda Santos, 787, 13th floor - Cerqueira César
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Adecco Financials and Metrics

Adecco Revenue

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Adecco's revenue was reported to be €23.66 b in FY, 2017 which is a 4.2% increase from the previous period.
EUR

Revenue (Q2, 2018)

6.1b

Gross profit (Q2, 2018)

1.1b

Gross profit margin (Q2, 2018), %

18.3%

Net income (Q2, 2018)

170.0m

EBITDA (Q2, 2018)

260.0m

EBIT (Q2, 2018)

249.0m

Cash (30-Jun-2018)

487.0m

EV

13.3b
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

20.0b22.0b22.7b23.7b

Revenue growth, %

10%3%4%

Cost of goods sold

16.3b17.8b18.4b19.3b

Gross profit

3.7b4.2b4.3b4.3b
Quarterly
EURQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

5.1b5.6b5.7b5.3b5.7b5.8b5.7b6.0b5.9b5.7b6.1b

Cost of goods sold

4.1b4.5b4.6b4.3b4.6b4.7b4.7b4.9b4.8b4.7b4.9b

Gross profit

972.0m1.0b1.1b1.0b1.1b1.1b1.1b1.1b1.1b1.0b1.1b

Gross profit Margin, %

19%19%19%19%19%19%19%18%18%18%18%
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Cash

695.0m1.3b1.1b958.0m

Accounts Receivable

3.7b4.0b4.3b4.4b

Current Assets

4.6b5.3b5.6b5.6b

PP&E

222.0m192.0m167.0m198.0m
Quarterly
EURQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

921.0m1.1b1.1b753.0m948.0m1.1b1.2b1.1b959.0m1.2b487.0m

Accounts Receivable

3.9b4.1b4.1b3.9b4.2b4.3b4.3b4.4b4.5b4.4b4.6b

Current Assets

5.1b5.6b5.6b4.9b5.5b5.8b5.7b5.8b5.7b5.8b5.4b

PP&E

232.0m230.0m227.0m180.0m183.0m175.0m169.0m168.0m173.0m210.0m268.0m
Annual
EURFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

640.0m10.0m725.0m790.0m

Depreciation and Amortization

129.0m135.0m119.0m109.0m

Accounts Payable

106.0m56.0m205.0m222.0m

Cash From Operating Activities

785.0m799.0m687.0m730.0m
Quarterly
EURQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

161.0m339.0m(174.0m)145.0m335.0m509.0m177.0m369.0m493.0m131.0m301.0m

Depreciation and Amortization

32.0m65.0m100.0m30.0m60.0m90.0m26.0m54.0m80.0m28.0m62.0m

Accounts Payable

(22.0m)75.0m155.0m(147.0m)(9.0m)136.0m11.0m122.0m204.0m(82.0m)65.0m

Cash From Operating Activities

54.0m208.0m501.0m(42.0m)136.0m353.0m115.0m343.0m532.0m16.0m319.0m
EURY, 2018

EV/EBITDA

51.2 x

EV/EBIT

53.4 x

EV/CFO

41.7 x

EV/FCF

55 x

Debt/Equity

0.6 x

Debt/Assets

0.2 x

Financial Leverage

2.9 x
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Adecco Operating Metrics

Adecco's Enterprise Customers was reported to be 100 k in FY, 2017.
FY, 2014FY, 2015FY, 2016FY, 2017

Branches

5.10 k5.10 k5.12 k5.07 k

Enterprise Customers

100 k

Countries

60 60 60 60
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Adecco Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
General AssemblyApril 16, 2018$412.50 m
VetteryFebruary 20, 2018
Knightsbridge Human Capital SolutionsMarch 11, 2015$80 m
3W Direct Management Solutions
Adecco Argentina S.A
Adecco Australia Pty Ltd.
Adecco Bangna Recruitment Limited
Adecco Beteiligungs GmbH
Adecco Bulgaria EOOD
Adecco Colombia S A
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Adecco Revenue Breakdown

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Adecco revenue breakdown by business segment: 21.8% from Professional Staffing, 75.7% from General Staffing and 2.5% from Other

Adecco revenue breakdown by geographic segment: 12.8% from North America, UK&I General Staffing , 15.2% from North America, UK&I Professional Staffing, 5.4% from Japan, 7.8% from Italy, 8.8% from Benelux & Nordics, 9.2% from Germany, Austria, Switzerland, 22.6% from France and 18.2% from Other

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Adecco Online and Social Media Presence

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Adecco News and Updates

Elanders’ subsidiary LGI enters into a strategic partnership with Adecco and divests 51% of the shares in its temporary workers agency

The HR solutions company Adecco Group Deutschland and Elanders’ subsidiary LGI Logistics Group International GmbH have entered into a strategic partnership in the field of personnel services. Adecco Group Deutschland will acquire 51 percent of the shares in the personnel service provider LOGworks Gm…

Adecco chief calls for life-long learning to dodge jobs 'time bomb'

Companies should set up portable accounts to pay for life-long learning to help workers upgrade their skills and remain employable as robots take over more jobs, Adecco Group Chief Executive Alain Dehaze said.

Adecco Group Survey Shows Employers Experience 'Supply Shock' as Migrant Labour Trends Go into Reverse Gear, Driven Mainly by a Fall in Non-EU Migrants

LONDON, Nov. 13, 2018 The tightening labour market is driving an increase in wages for key staff and new starters but pay rises are stuck in the middle lane for most workers /PRNewswire/ -- Employer plans to take on more staff are being hit by worsening skills and labour shortages, partly ...

Hiring Alert: Adecco Hiring For More Than 35,000 Seasonal Jobs Across The Country

JACKSONVILLE, Fla., Nov. 7, 2018 /PRNewswire/ -- With the holidays just around the corner, Adecco USA, part of the world's leading HR solutions partner, is in the process of recruiting for more than 35,000 seasonal jobs to support consumer demand during peak shopping season. Hiring is...

Adecco says global economic uncertainty is affecting hiring

ZURICH (Reuters) - Adecco Group, the world's biggest staffing group, said hiring had slowed since the start of the fourth quarter, confirming a weaker trend as economic uncertainty makes companies more cautious.

Adecco says revenue growth slows during third quarter

Adecco Group said its revenue growth halved during its third quarter, confirming a weaker trend seen by the global staffing industry as economic uncertainty weighs on hiring.
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Adecco Company Life and Culture

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Adecco Frequently Asked Questions

  • When was Adecco founded?

    Adecco was founded in 1996.

  • Who are Adecco key executives?

    Adecco's key executives are Alain Dehaze, Hans Ploos van Amstel and Christophe Catoir.

  • How many employees does Adecco have?

    Adecco has 33,787 employees.

  • What is Adecco revenue?

    Latest Adecco annual revenue is €23.7 b.

  • What is Adecco revenue per employee?

    Latest Adecco revenue per employee is €700.3 k.

  • Who are Adecco competitors?

    Competitors of Adecco include Andela, Hudson and Hays.

  • Where is Adecco headquarters?

    Adecco headquarters is located at 30 Bellerivestrasse, Zürich.

  • Where are Adecco offices?

    Adecco has offices in Zürich, Bangkok, Taipei, Seoul and in 46 other locations.

  • How many offices does Adecco have?

    Adecco has 50 offices.