Leading position as the world's largest personnel services provider, with top positions in many of the largest staffing markets. Wide geographic footprint and diverse client base. Leading position in higher-margin professional, specialized staffing and career transition segments. Good long-term growth prospects for the temporary staffing industry, as the workforce transitions to become generally more flexible. Exposure to economic cycles as career transition revenues are insufficient to offset cyclical declines in staffing provision. Moderate leverage and financial flexibility. Strong free cash flow generation and low capital expenditure (capex) needs. Potential for shareholder-friendly actions. Relatively weak asset protection metrics with intangibles representing more than 40% of the company's total assets. S&P Global Ratings' stable outlook on Adecco Group AG reflects our expectation
