Adecco Group Ag Unsp/Adr (AHEXY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Adecco Group Second Quarter twenty twenty six Results Call. Please note that this call is being recorded. After the speakers' remarks, there will be a question and answer session. Thank you. I'd now like to hand the call over to Diego Troutain, Head of Investor Relations and Portfolio Strategy. Please go ahead. Good morning, and thank you for joining the Adecco Group's conference call today. I'm Diego Chantran, the Group's Head of Investor Relations and Portfolio Strategy. With me are the Adecco Group's CEO, Denis Mathieu and CFO, Valentina Ficayo. 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, Diego. And it's great to have you with us for your first quarterly results in your new call. And of course, a warm welcome to all of you who've joined the call today. Let me begin with slide three, which provides an overview of the quarter. Organic revenue growth remained strong. In the second quarter, the group's revenue rose 5.6% year on year on an organic training days adjusted basis. We're also pleased to report that Accords returned to growth this quarter and Valentina will elaborate on the good progress of the transformation program. The Group delivered gross profit of €1,100,000,000 achieving a healthy gross margin of 18.6%. On a year on year basis, organic gross margin was 20 basis points lower. Importantly, this was an improvement compared to 40 basis points lower in Q1. This progress is due to firm pric...