Slide 1: Q2 2026 report
Q2 2026 report Denis Machuel, CEO Valentina Ficaio, CFO 6 August 2026
Slide 2: Disclaimer & note on terminology
Disclaimer & note on terminology Forward-looking statements Non-US GAAP measures used Information in this release may involve guidance, expectations, beliefs, ‘Organic growth’ excludes the impact of currency, acquisitions, plans, intentions or strategies regarding the future. These forward- divestit
Slide 3: Q2 26 overview
Q2 26 overview • Strong organic revenue growth of +5.6% TDA yoy. Akkodis returned to growth. • Gross margin 18.6%, with yoy comparison improving sequentially by 20 bps1 • EBITA €165 million excl. one-offs, +21% yoy1, consistent profitable growth • EBITA margin excl. one-offs 2.8%, +30 bps yoy, refle
Slide 4: Disciplined execution driving market share gains in an improving market
Disciplined execution driving market share gains in an improving market Sustained market share gains Signs of stabilization in permanent placement Relative revenue development (% yoy) Permanent placement, gross profit development by quarter (% yoy organic) +890 bps +200 bps +245 bps +335 bps1 +320 b
Slide 5: Q2 client wins
Q2 26 client wins End-market penetration Defense Data Centers Strategic 1 partner to cover systems Supporting scalable data center IVVQ , cloud infrastructure & security; build-up through fast talent replaced incumbent provider deployment and tech-enabled solution; primary supplier Telecommunication
Slide 6: AI embedded into our core offering and processes
AI embedded into our core offering and processes Target increased from 50% to 70% of Adecco revenues enabled by agents by end of 2026 Growth and efficiency Responsible AI fueled by agentic AI (achievements as of Q2) Leading the human side of AI transformation 50% of Adecco revenues End-to-end recrui
Slide 7: Higher volumes and productivity driving margin expansion
Higher volumes and productivity driving margin expansion Revenues €4.9 bn, +6.6% yoy EBITA €161 mn, 3.3% margin Share of Group 82% Share of Group 73% 7% 7% • +60 bps market share gains 4% 5% 3.9% 4.0% 2% 3.2% 3.3% 3.0% • Flex +6%1, outsourcing +15%1, MSP +11%1, perm flat1. Flex continued to benefit
Slide 8: Profitable growth in EMEA; resilient performance in France
Profitable growth in EMEA; resilient performance in France Revenues Q2 26 Revenues Q1 26 EBITA excl. one-offs Q2 26 % yoy % yoy Change EUR mn EUR mn EBITA % org. TDA org. TDA bps yoy Adecco France 1,132 -1% +1% 35 3.0% (50) Adecco EMEA 2,364 +8% +7% 74 3.2% +20 excl. France Revenues by country/regio
Slide 9: Americas & APAC: Strong growth and margin expansion
Americas & APAC: Strong growth and margin expansion Revenues Q2 26 Revenues Q1 26 EBITA excl. one-offs Q2 26 % yoy % yoy Change EUR mn EUR mn Margin % org. TDA org. TDA bps yoy Adecco Americas 789 +12% +15% 20 2.6% +90 Adecco APAC 664 +10% +8% 32 4.8% +20 Revenues by country/region (% yoy org. TDA)
Slide 10: Return to growth, Germany stabilizing
Return to growth, Germany stabilizing Revenues €743 mn, +1% yoy EBITA €26 mn, 3.4% margin Share of Group 12% Share of Group 11% • Consulting & Solutions (C&S) +1%, Talent 2% 7.0% +1%; ASD strong, at +20% 0% 1% 4.5% -1% 4.2% 3.4% -5% 1.6% • France +4%, with ASD +15%. Spain & 1% Italy +8%, strong auto
Slide 11: Akkodis: Delivering results on the transformation program
Akkodis: Delivering results on the transformation program Strengthen RUN Accelerate CHANGE Returned to revenue growth Sales transformation & global accounts • Broad-based growth across markets • Global Accounts revenue grew 3% and in both Consulting & Solutions and Talent • Global Delivery transform
Slide 12: Growth in both PRS and CT, perm placement stabilizing
Growth in both PRS and CT, perm placement stabilizing Revenues €326 mn, flat yoy EBITA €36 mn, 11.0% margin Share of Group 6% Share of Group 16% • PRS was back to growth, +1% and 4% 2% 0% 11.0% 11.0% improving sequentially, with US growing -1% -1% 9.5% 9.7% 9.0% at 7%. Productivity rose by 30%, with
Slide 13: Healthy gross margin reflecting current business mix; firm pricing
Healthy gross margin reflecting current business mix; firm pricing Flexible Placement Gross margin bridge Permanent Placement (as % of revenues yoy, in bps) Career Transition Outsourcing, Consulting & Other Training, Up/Re-skilling (10) (25) (15) 0 +20 0 Revenues by service line (% yoy org. CC) 10 5
Slide 14: Improved profitability with organic drop-down ratio of 64%
Improved profitability with organic drop-down ratio of 64% KPIs EBITA bridge, excl. one-offs (as % of revenues yoy, in € mn and bps) Productivity (DC/Selling +6% yoy 2.5% (10) (20) +60 0 2.8% FTE) 33,543 FTEs 2.6% -2% yoy organic < 165 165 G&A 3.2% revenues 141 141 €953 mn SG&A 0% yoy, reported; exc
Slide 15: Strong cash conversion, robust financial structure
Strong cash conversion, robust financial structure LTM CASH CONVERSION 83% ROBUST FINANCIAL STRUCTURE • OCF €23 mn, from €81 mn in Q2 25 • 79% debt fixed; interest rate sensitivity +/- 1% = ~€7 mn • Cash result reflects working capital absorption for • No covenants on outstanding debts growth and no
Slide 16: Near-term outlook
Near-term outlook Positive momentum in volumes has continued this quarter to date. For Q3, the Group expects a modest sequential improvement in gross margin. It expects SG&A expenses excluding one-offs to be lower sequentially. Management is rigorously executing the Group’s strategy and run-and-chan
Slide 17: Key takeaways
Key takeaways Strong growth and sustained market share gains; Akkodis back to growth 1 Rigorous execution, end-market penetration, accelerated agentic AI deployment Organic revenue growth of +5.6% TDA yoy Operating leverage and cost discipline driving profitability 2 18.6% gross margin, with yoy com
Slide 18: Q&A
Q&A
Slide 19: Appendix
Appendix
Slide 20: Additional financial framework
Additional financial framework EUR mn, unless otherwise stated 2025 2026e Q1 26 Q2 26 Q3 26e One-off costs (60)1 ~(60) (7) (36) ~(15) Depreciation2 (153) ~(160) (37) (39) ~(40) Amortization (61) ~(75) (14) (20) ~(20) Interest expense, gross (68) ~(80) (15) (20) ~(20) Other income/(expenses), net (70
Slide 21: Company profiles
Company profiles About AXISCADES About SOGECLAIR AXISCADES Technologies Limited (NSE: AXISCADES ) (BSE: 532395) is a Supplier of innovative high added-value solutions for safer and less- publicly listed Indian aerospace and engineering company. Post the consuming mobility, SOGECLAIR brings its skill
Slide 22: investor.relations@adeccogroup.com
investor.relations@adeccogroup.com 22