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.

Watch the summary

 

“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.”


 

Jean-Christophe Deslarzes

Chair of the Board

Jean-Christophe Deslarzes

Chair of the Board

Denis Machuel

Chief Executive Officer

 

 

“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.”

 

Denis Machuel

Chief Executive Officer


Akkodis Strategy Update

Jan Gupta

President of Akkodis

André Van der Toorn

Group SVP Finance & Integration of Akkodis

 

“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.”

 

Jan Gupta

President of Akkodis


LHH Strategy Update

Gaëlle de la Fosse

President of LHH

Nick Goldberg

Founder and Head of EZRA

 

“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


Adecco Strategy Update

Christophe Catoir

President of Adecco

Geno Cutolo

Head of Adecco US

 

“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.”

 

Christophe Catoir

President of Adecco


Improved Financial Performance

Coram Williams

Chief Financial Officer 

 

“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.”

 

Coram Williams

Chief Financial Officer        


Akkodis Tech Roadshow

Erwan Tallec

Global Aerospace & Defence Leader at Akkodis 

Isabelle Stewart

Head of Global Life Sciences & Healthcare, SVP at Akkodis 

Joshua Morley

Head of Global Data Analytics & AI at Akkodis

Peter Mehrle

Global Automotive and Transportation Leader, SVP Germany at Akkodis

 

“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

Watch the Replay

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.