Adecco Group Ag Unsp/Adr (AHEXY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Kate, and I will be your conference operator today. At this time, I would like to welcome everyone to the Adecco Group Q1 twenty twenty six Results. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to turn the call over to Benita Head of Investor Relations and External Communications. Please go ahead. Good morning, and thank you for joining the Adecco Group's conference call today. I'm Benita Baretto, the Group's Head of Investor Relations. And with me are the Adecco Group's CEO, Denis Machuel and CFO, Valentina Fekayo. Before we begin, please take note of the disclaimer on Slide two. Today's presentation will reference both GAAP and non GAAP financial results and operating metrics. This conference call will include forward looking statements, which are based on current assumptions and, as always, present opportunities as well as risks and uncertainties. With that, I will now hand over to Denis. Thank you, Benita, and a warm welcome to all of you who've joined the call today. Let me begin with Slide three. I'm really pleased to present Q1 result that show a very strong start of the year. Organic revenue growth has continued to accelerate. In the first quarter, revenues rose 5.3% year on year on an organic twenty days adjusted basis, a strong result. The group made further strong market share gains, outperforming key competitors by three sixty five basis points. And we delivered a market leading healthy 18.8% gross margin. The group EBITA excluding one offs was 24% higher year on year on an organic constant currency basis. In turn, the EBITA margin expanded 20 basis points year on year to a robust 2.6%. Leverage...