Latest news with #DenisMachuel
Reuters
6 days ago
- Business
- Reuters
Staffing company Adecco sees more hiring increases at defence firms
ZURICH, Aug 5 (Reuters) - Adecco (ADEN.S), opens new tab reported better-than-expected second-quarter earnings on Tuesday, and said it was seeing increased hiring activity by defence companies as government military spending rises in response to Russia's invasion of Ukraine and NATO spending targets. The Swiss staffing firm said operating income rose 6% year-on-year to 115 million euros ($132.93 million) in the three months ending June, surpassing analysts' consensus forecast of 107 million euros. Revenue for the period climbed 2% from the first quarter, signalling signs of recovery in the jobs market. Chief Executive Denis Machuel highlighted growing demand for its services from defence companies, particularly within its Akkodis engineering and technology consultancy business. "We see a bit more movement in Germany than in France, particularly related to the incentive package that the Chancellor has put in place," Machuel told reporters on a post-earnings call. The spending will see a wave of multi-billion-euro procurement orders, including 20 Eurofighter jets, up to 3,000 Boxer armoured vehicles, and as many as 3,500 Patria infantry fighting vehicles. The company supplied staff to defence companies including Thales ( opens new tab, KNDS and Airbus ( opens new tab as well as Rheinmetall ( opens new tab and Leonardo ( opens new tab. Spending with defence companies represents around 5% of Adecco's revenue. "I cannot say that we already have immense traction, but we've secured some very important partnerships. We are a key supplier to all the major players, in Germany, in France, in Spain, in Italy," Machuel. "And we know that there's going to be traction in the coming quarters," Machuel added. Adecco said it was seeing signs of a recovery, with second quarter revenues 2% higher compared with the first three months of the year. "Volumes improved through Q2, and in Q3 to date, positive momentum continues," Adecco said. ($1 = 0.8651 euros)
Cision Canada
6 days ago
- Business
- Cision Canada
THE ADECCO GROUP Q2 2025 RESULTS
Increased market share gains with solid margins AD HOC ANNOUNCEMENT pursuant to Art. 53 Listing Rules of SIX Swiss Exchange , /CNW/ -- HIGHLIGHTS Further strong market share gains, Group +205 bps and Adecco +130 bps Revenues €5.8 bn, +0.4 yoy, and +2% qoq with all GBUs improving sequentially Adecco GBU +2% yoy, and +3% qoq, led by Americas +14% yoy, APAC +9% yoy Akkodis GBU -6% yoy, and +2% qoq; LHH -1% yoy, and +4% qoq Gross profit €1.1 bn, 18.9% gross margin, -50 bps yoy, reflecting business mix, firm pricing 2.5% EBITA margin excl. one-offs, -60 bps yoy: good cost discipline, agile capacity management and timing of FESCO JV income Operating income €115 million, +6% yoy; Net income €58 million, +8% yoy Basic EPS €0.35; Adjusted EPS €0.46 Strong LTM cash conversion at 98%. Operating cash flow €81 million, driven by working capital absorption for growth, and in line with normal seasonality Denis Machuel, Adecco Group CEO, commented: "We continued to gain share, outperforming a mixed market environment, while disciplined cost management improved our SG&A performance. Through stringent execution, we have seen clear improvement in Adecco France and Adecco US, two of our largest markets, and our rigorous turnaround plan in Akkodis Germany is well underway. "We have the right strategy and team in place to maintain our positive performance momentum. Our ambitious innovation strategy, including pioneering generative and agentic AI, is gaining traction and will support our positive performance momentum in the quarters ahead."
Yahoo
23-05-2025
- Business
- Yahoo
9 in 10 companies lack ‘future-ready' talent strategies, Adecco says
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. Only 10% of companies qualify as AI 'future-ready,' according to the results of an Adecco Group survey of 2,000 C-suite leaders across 13 countries and a variety of industries. The talent firm defined 'future-ready' as having structured plans to support workers, build skills and lead through disruption created by artificial intelligence. Companies struggling with the transformation have one thing in common, according to the report: They place unfair expectations on workers. The survey found that nearly two-thirds of organizations expect workers to proactively adapt to AI, but one-third have not instructed workers on how to use the technology, Adecco said. The small segment of companies that are AI future-ready also shared characteristics; 65%, for example, have adopted skills-based workforce planning and moved away from rigid job structures, according to the survey. The Adecco report echoes a consistent theme: To support and guide talent through the ever-accelerating pace of AI and generative AI transformation, companies need a robust plan and cannot leave employees to navigate AI use on their own. 'The difference is the mindset,' Denis Machuel, Adecco Group's CEO, said in a statement. 'Future-ready organisations aren't simply reacting to AI. Instead, these leaders are rethinking how their business works, how talent grows and how decisions are made.' However, to agree on a talent strategy, senior leaders must first be united on core talent issues, such as the organizational barriers preventing talent improvement, Adecco said. Also, if leaders expect their workforces to adapt to AI, they need to act as role models, the firm said. The survey found that only about a third of leaders worked to develop their own AI capabilities over the last 12 months. Additionally, companies are lacking data, which Adecco called the missing foundation for workforce strategy. Just 33% are investing in data to understand and close skills gaps, its research showed. Critical data includes understanding employees' generative AI training needs, according to a May report by Amazon Web Services. Lacking this understanding — and not knowing how to implement the training programs — may prevent companies from creating robust training plans that properly upskill workers, the report said. Two weeks ago, at a Workhuman conference, the founder of the AI Leadership Institute and one of the original Amazon team members who developed Alexa, emphasized HR's critical role in making sure workers are prepared for the changes. Organizations that have a future-ready mindset and have done the work see flexible, adaptable, tech savvy and proactive employees, Adecco said. Sign in to access your portfolio
Yahoo
21-05-2025
- Automotive
- Yahoo
Adecco and ACEA partner to address automotive skill gaps
The European Automobile Manufacturers' Association (ACEA) and the Adecco Group have partnered to address the skill demands in the automotive sector amid green and digital transformation. The partnership will start with a comprehensive EU Automotive Skills Gap Analysis, scheduled for delivery by mid-2025. ACEA said the study will evaluate current and future skill needs within the industry, offering insights into talent needs and competency shortfalls. After the report's findings and suggestions, regional forums will be created to devise customised workforce reform and enhancement solutions for different regions. A key element of the initiative is creating a detailed Automotive Skills Implementation Blueprint. This plan will act as a roadmap for the automotive sector regionally, detailing practical steps for workforce development and fostering cooperation among local stakeholders and educational institutions. ACEA views this initiative as well-timed, considering the demographic and technological changes in Europe's automotive industry, which have heightened the need for training and adaptation strategies. The project aligns with the EU's Automotive Action Plan and Union of Skills, introduced in early March, and seeks to prepare the evolving workforce to succeed amid industry changes. ACEA director general Sigrid de Vries said: 'It is five minutes to midnight for the automotive industry, and the industry's workforces must adapt rapidly to succeed in a fiercely competitive global market. 'This partnership with the Adecco Group is about transforming challenges into practical solutions that empower our regional stakeholders and ensure a prosperous future for the automotive workforce.' Adecco Group CEO Denis Machuel said: 'With around 13 million people employed across the European automotive value chain, it is essential to equip its workforce for success. 'Our collaboration with ACEA seeks to address the skills transformation necessary for sustaining competitive advantages in this rapidly evolving market.' Last month, ACEA and Eurelectric issued a joint call for urgent reform and investment in Europe's electricity grids to support charging infrastructure for heavy-duty vehicles. This appeal aligns with the EU's plans to cut carbon emissions in the transport sector, requiring more zero-emission trucks and buses by 2030. "Adecco and ACEA partner to address automotive skill gaps" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
08-05-2025
- Business
- Time of India
Companies hold off hiring amid tariff uncertainty: Temp firm
, the world's biggest agency, said Thursday that companies are holding off on hiring permanent staff in the face of uncertainty caused by US President Donald Trump's tariff war. The Swiss-based company saw a 10 percent jump in its share price as it said the lack of was providing momentum in temporary staffing and beat earnings expectations. Tired of too many ads? go ad free now It posted a three percent dip in first quarter revenue and a 20 percent drop in net profit, but largely beat analyst expectations, said. Adecco's chief executive Denis Machuel said that, faced with , most of the companies it serves have gone into "a wait and see mode" until the dust settles. President Donald Trump last month imposed a 10-percent "baseline" tariff on imports from around the world. He has suspended higher tariffs on dozens of nations while seeking new trade deals, but he left in place levies of 145 percent on China, which retaliated with 125 percent tariffs of its own. "The only impact we see at the moment is a slowdown on permanent recruitment," Machuel said. "Because if you don't have visibility you don't necessarily invest in people," he added. "On the other side, that gives momentum to temp business."
