AD HOC ANNOUNCEMENTpursuant to Art. 53 Listing Rules of SIX Swiss Exchange
ZURICH, Feb. 28, 2023 /PRNewswire/ — Q4 & Full Year 2022 Results
Winning market share; strong revenue growth and gross margin
Q4 HIGHLIGHTS
FULL YEAR HIGHLIGHTS
Denis Machuel, Adecco Group CEO, commented:
"The Group had a strong finish to 2022 as we continued to drive momentum from our investment plan. We achieved excellent growth in Q4, with Adecco significantly outpacing the market. The newly combined Akkodis business performed well, over-delivering on its synergy target for 2022 and tracking on target for synergy capture for 2023. In LHH, our digital coaching business, Ezra, posted strong growth, and our Career Transition business delivered excellent results as the team successfully captures increasing demand amidst an uptick in corporate restructuring driven by the US technology sector.
Gross margins were strong for the quarter. Our Simplify, Execute, Grow agenda is being progressed across the organisation to accelerate implementation of our existing strategy and improve both operational and financial performance. We are very confident we will achieve the planned cost reduction target. Looking ahead, we are laser focused on driving share gains, with enhanced productivity and profitability, across all our business units this year."
Full Press ReleaseWebcast Details | MediaWebcast Details | Investors & Analysts
Media Contact: Investor Relations, +41 (0)44 878 88 88
Logo - https://mma.prnewswire.com/media/1197818/The_Adecco_Group_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/the-adecco-group-q4--full-year-2022-results-301757187.html