Liberum confirms its 'Hold' recommendation on the stock and leaves its price target unchanged at 45.20 Swiss francs ahead of the release of Q1 2024 results.

' We continue to expect weak financial performance over the coming quarters with organic volume declines in Q1 2024' says the analyst firm.

' Prior to the Q1 2024 results, we have made minor changes to our estimates to reflect current exchange rates, resulting in reductions of 2.2% and 0.6% to our estimates for 2024 and 2025, respectively ' adds Liberum.

Adecco reported that year-to-date group volumes are slightly below Q4 2023 levels.

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