Adecco Group AG

ADEN: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Weak Hiring Demand Drags on Staffing Firms Randstad and Adecco; Lowering Fair Value Estimates

Ben Slupecki

Apr 9, 2026

Weak European hiring demand and the lack of a turnaround from indicators such as the purchasing managers index have led us to lower our short-term revenue and margin forecasts for Randstad's and Adecco's hiring segments.

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Adecco Group AG

Weak Hiring Demand Drags on Staffing Firms Randstad and Adecco; Lowering Fair Value Estimates

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