The Adecco Group obtained a net profit of 116 million euros in the first half of 2026, which implies a decline of 1% compared to the same period of the previous year in reported terms, according to the multinational human resources company.
The operating profit (Ebitda excluding extraordinary items) advanced by 14% in the first six months, reaching 313 million euros, while the global turnover amounted to 11.655 billion euros, 3% more in reported terms and 5% higher in organic terms.
Between April and June, the group recorded global revenues of 5.997 billion euros (+5.6% organic), and the operating profit (Ebit) stood at 165 million euros, which represents an improvement of 21% at constant exchange rates compared to the 141 million recorded in the same quarter of 2025.
By divisions, Adecco's business increased its semiannual revenues by 7% organically, reaching 9.564 billion euros, while Akkodis and LHH achieved sales of 1.493 billion and 637 million euros, respectively.
Growth in Spain and Portugal
In this scenario, Adecco Iberia raised its revenues by 22% year-on-year in the second quarter (adjusted for working days), positioning itself at the forefront of sector growth in the region (Spain and Portugal) and increasing its relevance to represent around 8% of the group's global turnover.
The advance in the peninsula was once again supported by the positive evolution of its three business areas (Adecco, LHH, and Akkodis) and by a diversified demand from sectors such as logistics, automotive, financial services, food and beverages, and consumer goods.
In this regard, the president of the Adecco Group in Spain and Portugal, Iker Barricat, emphasized that the results of the second quarter "reflect the strength of our strategy and the confidence that companies of all sizes and sectors continue to place in the Adecco Group."
"In an increasingly specialized and constantly transforming labor market, organizations need much more than filling vacancies: they seek a partner capable of providing talent, flexibility, and solutions tailored to each challenge," the executive added.
The company's net debt stood at 2.647 billion euros at the end of June 2026, which represents a leverage ratio of 2.7 times Ebitda excluding extraordinary items, improving by 0.5 times compared to the level a year earlier.
Regarding the outlook for the third quarter of 2026, the management of the Swiss firm anticipates a "modest sequential improvement" in the group's gross margin, supported by pricing policies and operational discipline.
Likewise, the company expects that selling, general and administrative (SG&A) expenses, excluding extraordinary items, will register a sequential reduction in the third quarter, in line with its efficiency and cost control plans.