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 the higher-margin professional and specialized staffing segment. Good long-term growth prospects for the temporary staffing industry, as the workforce transitions to become generally more flexible. Exposure to economic cycles and significant exposure to the French staffing market. 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. The stable outlook reflects our view that Adecco will maintain stable operating performance in the near term, with
