Adecco Q2 FY26 EBITA excl. one-offs rises 21% to EUR 165 million; revenue increases 4% to EUR 6 billion

• Adecco posted Q2 revenue of EUR 5.997 billion, up 4% year over year, while net income attributable to shareholders fell 19% to EUR 47 million.
• EBITA excluding one-offs rose 16% to EUR 165 million, lifting the EBITA margin by 0.3 percentage point to 2.8%.
• Adjusted EPS climbed 31% to EUR 0.61, while basic EPS slipped 20% to EUR 0.28.
• Free cash flow turned negative to EUR -14 million from EUR 52 million a year earlier, on working-capital absorption tied to improved revenue performance.
• CEO Denis Machuel said the group saw a fifth straight quarter of growth and raised its target for agent-enabled revenue coverage to 70% by year-end.

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