Capital Markets Day 2023
The Adecco Group Capital Markets Day 2023 took place on 7th November 2023. It brought together investors, analysts and future shareholders of the Adecco Group to share the company’s strategy and financial objectives in a clear and transparent manner. The Group’s leadership team provided in-depth insights on its strong momentum with the Simplify, Execute, Grow agenda and shared strategic updates for each of its Global Business Units, with a particular focus on Akkodis. The Group’s financial goals and capital allocation metrics were reiterated.
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“People make the difference, particularly in a people business as ours. With our new management and revised organization in place, I am confident that we will continue to grow, increase our EBITA margin, generate strong cash and deleverage.”
Chair of the Board
“The Future@Work strategy has indeed created three expert powerhouses that are interconnected and complementary to each other, and that are able to serve all the client needs in a comprehensive way.”
Chief Executive Officer
“Akkodis is executing on a clear plan to drive profitable growth, sustain its relentless focus on upselling and grow its digital practices. We are delivering the promised value creation from the AKKA acquisition, being EVA accretive in 2024 and we are improving our financial performance year-by-year.”
President of Akkodis
“LHH is now a full-service partner for all professional talent-related challenges. Management has a clear plan to drive sustainable, profitable growth specifically in Recruitment Solutions when the market recovers. The team is maximizing the business impact through portfolio-selling across LHH’s solutions. We expect to consistently deliver EBITA margins within the 7-10% corridor, with a clear path to the higher-end of the corridor in the mid-term.”
Gaëlle de la Fosse
President of LHH
“Addeco has made significant performance improvement over the last 12 months, supported by structural changes. Through an updated geographical portfolio approach, Adecco is driving market share gains and increasing its profitability. We are getting traction on the US turnaround plan, while steadily moving toward a >5% EBITA margin.”
President of Adecco
“The Group is driving an increasingly resilient and well-diversified gross profit base based on relative growth focus, value-add approach to contract terms, strong sales and pricing discipline, and a focus on productivity.”
Chief Financial Officer
“The Akkodis Tech Roadshow offered a highly engaging and interactive glimpse into how the global tech business of the Adecco Group is accelerating the Smart Industry transformation. Through four Roadshow zones, we explored innovative solutions that are enabling the world’s industries to address mega-trends: from Life Sciences & Healthcare, to Aerospace & Defence. We also demonstrated solutions that are fast-tracking the future of smart mobility and Data Analytics & Gen AI."
Akkodis Tech Experts
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Disclaimer: We will reference both GAAP and non-GAAP financial results and operating metrics through this CMD 2023. Presentations and materials shared include forward-looking statements. These statements are based on assumptions as of today and are, therefore, subject to risks and uncertainties, and we assume no duty to update any such forward-looking statements.