The Adecco Group: Q2 2023 Results
ZURICH, Aug. 3, 2023 /PRNewswire/ -- Q2 2023 Results
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Revenues +4% yoy organic TDA; excellent performance in Adecco, +5%, with growth across all regions, in Akkodis consulting, +12%, and in LHH Career Transition, +101%
SG&A excl. - one-offs lower, at 17.7% of revenues, from 17.9% in Q2 22 and 18.4% in Q1 23, supported by a reduction in G&A costs and productivity improvement
Robust 3.1% EBITA margin excl. - The Adecco business achieved growth across all regions at a level that continued to outpace its competitors, and with underlying margin improvement.
- Adecco US saw sequential improvement and further signs of turnaround progression.