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The Adecco Group: Q4 & FULL YEAR 2023 RESULTS

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AD HOC ANNOUNCEMENT pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

ZURICH, Feb. 29, 2024 /CNW/ — Q4 & FULL YEAR 2023 RESULTS

Continued growth and significant share gains amid tougher markets, strong profitability improvement

Q4 HIGHLIGHTS

Revenues +1% yoy, led by Adecco, +3%, with double-digit growth in Germany, Italy, Iberia and both LatAm and APAC regionsContinued significant market share gains; Adecco’s relative revenue growth +830 bpsHealthy 20.2% gross margin, 80 bps lower yoy, reflecting current business mix and firm pricingStrong 4.3% EBITA margin excl. one-offs, up 60 bps yoy, driven by productivity gains, €23 million G&A savingsOperating income €187 million, +74% yoy, constant currencyNet income €68 million, +6% yoy, weighed by a higher effective tax rate reflecting current geographic mixBasic EPS €0.41, +5% yoy; Adjusted EPS €0.75, -1% lower yoy

FULL YEAR HIGHLIGHTS

Revenues +3% yoy to record level of €23,957 millionHealthy 20.7% gross margin, 30 bps lower yoy, reflecting current business mix and firm pricingEBITA excl. one-offs +8% yoy organic; robust 3.6% margin, up 10 bps yoy, driven by productivity gains, G&A savings€150 million G&A savings plan on track; year-end savings run-rate €92 million, consistent with ~€90 million ambitionAKKA synergies ahead of target at over €60 million; transaction delivers double-digit EPS accretion in year 2Operating income €632 million, +21% yoy, constant currencyNet income €325 million, -5% yoy, mainly driven by a higher effective tax rate reflecting current geographic mixBasic EPS €1.94, -5% lower yoy; Adjusted EPS €2.99, -9% lower yoySolid Cash Flow from Operating Activities EUR 563 million, up EUR 20 million yoyYear-end Net debt/EBITDA ratio 2.5x, in line with management expectationsProposed dividend of CHF 2.50 per share

Denis Machuel, Adecco Group CEO, commented:

“The Group delivered a strong finish to 2023 in a challenging market environment, continuing to gain share while further improving profitability through productivity and disciplined cost reduction. Adecco achieved market share gains for the sixth consecutive quarter, while improving margin. Akkodis faced market headwinds yet still delivered growth in Consulting and a strong EBITA margin driven by excellent synergy capture. In LHH, both Career Transition and Ezra delivered further exceptional growth.

Throughout 2023 we made encouraging progress against our Future@Work Reloaded plan to bring the Group to its full potential. We are simplifying the organisation and are on track to deliver on our €150 million G&A savings run-rate target by mid-year. Execution has improved through greater local empowerment and performance management rigour, and we are growing market share – while maintaining the proper balance between top and bottom line. My sincere thanks go to our incredible teams of colleagues, associates, and consultants around the world for a strong 2023.

As we outlined at our Capital Markets Day in November 2023, we will continue to deliver on our Simplify-Execute-Grow plan methodically in 2024. We are harnessing technology to drive efficiencies and competitive edge, reinvigorating our winning culture, and remain laser focused on creating further value for our stakeholders.”

Full Press Release

Webcast Details | Investors & Analysts

Investor Relations, +41 (0)44 878 88 88

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SOURCE The Adecco Group

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OMNICOM TO PRESENT AT THE GOLDMAN SACHS COMMUNACOPIA + TECHNOLOGY CONFERENCE

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NEW YORK, Sept. 4, 2026 /PRNewswire/ — Omnicom (NYSE: OMC) today announced that it will present at the Goldman Sachs Communacopia + Technology Conference 2026 in San Francisco, California on Thursday, September 10, 2026 at 8:10 a.m. Pacific Time.  Live and archived webcasts will be available at the investor relations section of omc.com.

About Omnicom
Omnicom (NYSE: OMC) is the world’s leading marketing and sales company, built for intelligent growth in the next era. Powered by Omni and its proprietary data and identity, Omnicom’s Connected Capabilities unite the company’s world‑class agency brands, exceptional talent, and deep domain expertise across media, commerce, consulting, precision marketing, advertising, production, health, public relations, branding, and experiential to address clients’ most critical growth priorities. For more information, visit omc.com

 

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SOURCE Omnicom Group Inc.

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Minister Hodgson highlights Western Canada’s role in Canada’s energy and economic future

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PRINCE GEORGE, BC, Sept. 4, 2026 /CNW/ — Today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, concluded a five-day tour across Alberta, Saskatchewan and British Columbia, highlighting how provinces, workers, Indigenous partners, researchers and industry are positioning Canada as a global energy superpower with the strongest economy in the G7. Across Western Canada, Canadians are turning global volatility into opportunities for strength: building a more prosperous economy; enhancing our national security; creating good-paying jobs; and unlocking Canadian resources and connecting them to global markets.

In Alberta, Minister Hodgson spent time with Todd Loewen, Alberta’s Minister of Forestry and Parks, visiting forest sector workers in the Grande Prairie region and meeting firefighters who have kept Albertans safe through wildfire seasons. They discussed supporting the forest products sector in the face of unjustified U.S. tariffs, pivoting Canadian industry to domestic and non-U.S. markets, and how Canada and Alberta can work together to keep communities in Alberta safe from wildfire.

The Minister also visited Suncor’s oil sands operations in Fort McMurray, meeting the people whose hard work powers Canada and reinforces our role as a reliable energy supplier amidst volatile global energy markets. Our government is working hard with our Albertan, industry and Indigenous partners to support our energy sector and build Canada into a prosperous, sovereign and sustainable energy superpower, including through the Canada–Alberta Memorandum of Understanding.

In Saskatchewan, discussions focused on the infrastructure, innovation and resources that will help power Canada’s future. Meetings with provincial counterparts, including Minister Chris Beaudry; municipal leaders; industry; and researchers at the University of Saskatchewan highlighted opportunities to strengthen electricity grids, unlock Saskatchewan’s critical minerals advantage and advance major projects. Visits to the Jansen Mine and the Saskatchewan Research Council’s Rare Earth Processing Facility demonstrated Saskatchewan’s and Canada’s growing strength across the critical minerals and nuclear energy sectors, from resource extraction and processing to advanced technologies and exports.

Minister Hodgson also joined the Honourable Buckley Belanger, Secretary of State for Rural Development, to announce nearly $12 million for businesses in Saskatoon, which are standing up against American tariffs by investing, growing and innovating in Canada, creating jobs, diversifying our supply chains and helping our nation become more economically independent.

The tour also featured two landmark moments that underscored Canada’s ambition to build major projects and strengthen long-term economic prosperity, national security and sustainability. In Saskatchewan, Minister Hodgson announced progress achieved at the McIlvenna Bay copper and zine mine since its referral to the Major Projects Office one year ago. In British Columbia, he joined federal, provincial and Indigenous partners for the groundbreaking ceremony of the North Coast Transmission Line, a transformative infrastructure project that will more than double the availability of clean, low-cost electricity on the West Coast; unlock natural resources projects like the Ksi Lisims LNG facility and critical minerals developments in the Golden Triangle; and create $10 billion in new economic activity and nearly 10,000 jobs.

Western Canada is helping drive a new era of Canadian prosperity, sovereignty and sustainability through responsible resource development, made-in-Canada innovation and a world-class workforce. By advancing projects of national interest, the region is unlocking Canada’s full potential and helping us build Canada Strong.

Quote

“In many ways, Alberta, Saskatchewan and British Columbia are the beating heart of our energy and natural resource sectors. This week, I saw first-hand the people, projects and partnerships that are building Canada Strong amidst the unjustified trade war we are experiencing. From responsible resource development and world-class research to critical infrastructure and energy innovation, Canadians are creating the conditions for long-term prosperity, security, sustainability and sovereignty.”

The Honourable Tim Hodgson
Minister of Energy and Natural Resources

Quick Facts

Minister Hodgson toured Alberta, Saskatchewan and British Columbia from August 30 to September 3, 2026.Canada’s natural resources sector is a cornerstone of the national economy, contributing $459 billion (16 percent) to Canada’s GDP in 2024 and supporting 1.8 million direct and indirect jobs across the country.Western Canada is the powerhouse of Canada’s natural resources economy. In 2022, Alberta, British Columbia and Saskatchewan together accounted for approximately 62 percent of Canada’s natural resources GDP.

Related Products

Canada celebrates progress on the McIlvenna Bay mine: production underway, jobs created, supply chains strengthenedCanada breaks ground on North Coast Transmission Line to deliver clean power and reduce emissions

Associated Links

Canada’s Critical Minerals StrategyNuclear Energy Strategy for Canada

Follow Natural Resources Canada on LinkedIn

SOURCE Natural Resources Canada

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Surfshark launches beta tester program, inviting users to shape the future of cybersecurity

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Users can now gain exclusive early access to unreleased features and communicate directly with Surfshark’s development team via a dedicated Discord hub.

VILNIUS, Lithuania, Sept. 4, 2026 /PRNewswire/ — Surfshark, a cybersecurity company, has officially announced the launch of its updated beta tester program, offering users early access to new features, design changes, and updates before they are released to the general public. Currently available for Windows and Android app users, the program invites community members to play a direct role in testing, refining, and shaping the future of Surfshark’s services.

The importance of user feedback

“Our mission is to build the most beloved security product for everyone – but for that, we need input from our community. Surfshark’s development team and I are genuinely excited to always receive feedback from our users. Oftentimes, we are buried so deep into our product that we don’t see the small details or inconveniences – and that’s why we need users’ input to be a part of how Surfshark services are being shaped,” says Gabriele Sinkeviciute, Head of Product at Surfshark.

The beta tester program creates a collaborative environment where users worldwide can test unreleased tools, report bugs or quirks, and provide real-time feedback. Participant feedback will directly influence feature improvements and the development of new products based on user needs.

Initiative works through a closed Discord group designed for direct, two-way communication between beta testers and Surfshark’s product developers.

“Our updated beta tester program allows us to build features aligned with what our community actually needs,” Sinkeviciute continues. “While early versions may occasionally contain bugs, the insight provided by our beta community is invaluable in helping us fine-tune tools before public releases.”

How to join Surfshark’s beta tester program

Any active Surfshark subscriber on Windows or Android can join the program today:

On Windows: Open the Surfshark app, navigate to Settings > App settings, scroll to Beta Testing, and click Join Beta.On Android: Visit the Surfshark app page in the Google Play Store, scroll to the Join the beta section, and tap Join.

Enrolled participants will be invited to join the private Discord hub to connect with developers and fellow beta testers.

To learn more or sign up today, visit: https://surfshark.com/beta-tester-program

ABOUT SURFSHARK

Surfshark is a cybersecurity company offering products including an audited VPN, certified antivirus, data leak warning system, and a tool for generating an online identity. Recognized as a leading VPN by CNET and TechRadar, Surfshark has also been featured on the FT1000: Europe’s Fastest Growing Companies ranking. Headquartered in the Netherlands, Surfshark has offices in Lithuania and Poland. For information on Surfshark’s operations and highlights, read our Annual Wrap-up. For more research projects, visit our research hub.

Contact: media@surfshark.com 

 

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SOURCE Surfshark B.V.

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