AD HOC ANNOUNCEMENT in accordance with art. 53 Listing Rules of SIX Swiss Exchange
ZURICH, May 4, 2023 /PRNewswire/ — First Quarter 2023 Results
Delivering strong market share gains, revenue growth and gross margin
First Quarter Highlights:
Denis Machuel, CEO of the Adecco Group, explained:
“The group performed very well in the first quarter, effectively delivering on our plan, with growth continuing to outpace the market and gross margin that remained industry-leading. At Adecco, we achieved additional significant equity gains Outperforming in many key geographies, while dynamic pricing and productivity improvements kept profitability at a strong level, Akkodis continued to perform well, including navigating slowdowns in US tech headcount, and the team took advantage of newly combined technology and engineering capabilities to ensure the continuation of major consulting engagements, with a healthy pipeline in place.At LHH, our Career Transition business actively captured more corporate restructuring projects resulting in record levels of performance, while Ezra, our digital coaching business, also posted excellent growth.”
“Looking ahead, we still have a number of areas that require further focus and we are fully focused on those, while remaining agile and responsive to market conditions. Overall, we see strong momentum from our Simplify-Execute plan. -Grow; our teams are equally focused on achieving a significant reduction in the costs of G
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