Adecco Group AG

ADEN: XSWX (CHE)

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Adecco Starts 2022 as It Means to Go On

Michael Field

May 5, 2022

Recruitment giant Adecco started off 2022 in a good fashion, with organic revenue growth of 5%, and the strong momentum from 2021 continuing into the new year. Despite the gloomy macroeconomic outlook, demand for talent appears to be holding up just fine, with permanent placements, a key indicator of the strength of the economy, rising 60% year over year. Adecco is our favored way to play the recruitment sector currently, and our CHF 63 fair value estimate offers attractive upside potential from the prevailing share price.

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Adecco Group AG

Adecco Starts 2022 as It Means to Go On

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