AI and Sustainability: Akkodis showcases the future of sustainable and digital innovation at the Paris Air Show 2025
PARIS, June 5, 2025 /PRNewswire/ -- Akkodis, a global digital engineering company and part of the Adecco Group, presents innovations to integrate AI and sustainability in the aviation, aerospace and defense sectors at the world-famous 55th Paris Air Show at the Le Bourget Parc des Expositions.
Visitor experience
With more than four decades of expertise in engineering, research & development (ER&D), Akkodis will offer visitors to its Chalet (#303 - line B) an experiential and immersive journey, an inspiring conference program and two expert publications on the topic of augmented engineering, as well as inclusion and diversity in engineering. The Chalet also features an AI Path and a Sustainability area, showcasing Akkodis' 360-degree product lifecycle capabilities, from ER&D to manufacturing and operations, IT and ecosystem support.
"Akkodis is sending a powerful message to the industry by bringing its full capacity to the Paris Air Show 2025 to showcase its pioneering technologies. We are here to help our clients in the aviation, aerospace and defense sector to unlock their full potential with the best tech consultants and ER&D solutions. As a trusted partner, our clients can count on our deep expertise and game-changing solutions to realize their ambition. We are committed to leveraging our full tech partnership ecosystem to support our clients in their value creation efforts", comments Jo Debecker, President and CEO of Akkodis.
AI Path & Sustainability Area
The event embodies excellence, innovation, and international cooperation in the fields of aviation and space. Following the idea of the 55th edition of Paris Air Show to serve as a global meeting place for excellence and innovation, Akkodis is putting the spotlight on two major pillars of transformation in the sector:
- The integration of AI for performance through an interactive animation illustrating an optimization solution for aircraft maintenance, a helicopter cockpit simulator that makes it easier for pilots to get started, and a demonstration of a drone surveillance mission in the metaverse.
- The challenge of a sustainable industry - Manufacturers are not only focused on the decarbonisation of aviation, but also in the green and responsible evolution of their entire value chain, supply chain and organisation. These issues will be highlighted through several scale models of devices, 3D models and animations on tablets.
Akkodis is leveraging its strong technology ecosystem at the show. For example, attendees will learn how Akkodis and our global technology partner Microsoft are using AI technology to unlock solutions for the sector.
"In our second appearance at the Paris Air Show under the Akkodis brand, I am very proud to present the expertise and innovative spirit that our 9.000 employees in France demonstrate on a daily basis – they are shaping a more efficient, more connected and more sustainable future of aeronautics, aerospace and defense throughout the value chain. The Akkodis DNA is historically linked to these three industries and the technological innovations presented this year at the Paris Air Show are direct responses needed to support them in their transformation", says Yves-Marie BOISSONNET, President France and South EMEA Akkodis.
Media contacts
Anne Friedrich SVP, Global Head of Communications, Akkodis E. anne.friedrich@adeccogroup.com
Ariane Olleris Manager External Communications The Adecco GroupE. ariane.olleris@adeccogroup.com
About Akkodis
Akkodis is a global digital engineering company and Smart Industry leader. We enable clients to advance in their digital transformation with Consulting, Solutions, Talent, and Academy services. Headquartered in Switzerland and part of the Adecco Group, Akkodis is a trusted tech partner to the world's industries. We co-create and pioneer solutions that help to solve major challenges, from accelerating the clean energy transition and green mobility, to improving user and patient centricity. Empowered by a culture of inclusion and diversity, our 50,000 tech experts across 30 countries combine best-in-class technologies and cross industry knowledge to drive purposeful innovation for a more sustainable tomorrow. We are passionate about Engineering a Smarter Future Together. akkodis.com | LinkedIn | Instagram | Facebook Twitter
About the Adecco Group
The Adecco Group is the world's leading talent company. Our purpose is making the future work for everyone. Through our three global business units - Adecco, Akkodis and LHH - across 60 countries, we enable sustainable and lifelong employability for individuals, deliver digital and engineering solutions to power the Smart Industry transformation and empower organisations to optimise their workforces. The Adecco Group leads by example and is committed to an inclusive culture, fostering sustainable employability, and supporting resilient economies and communities. The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN). www.adeccogroup.com
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2,320 Income before tax 51 81166 205 Income taxes 14 2144 53 Net income $ 37 $ 60$ 122 $ 152 Other comprehensive income (loss), net of income taxes 1 —3 (3) Comprehensive income $ 38 $ 60$ 125 $ 149 Net income per share:Basic $ 0.77 $ 1.21$ 2.49 $ 3.01 Diluted $ 0.77 $ 1.20$ 2.48 $ 2.98 Weighted average shares:Basic 48 5049 50 Diluted 49 5149 51 TRINET GROUP, BALANCE SHEETS (Unaudited) June 30,December 31, (in millions, except share and per share data)20252024 Assets Current assets: Cash and cash equivalents$ 407$ 360 Restricted cash, cash equivalents and investments1,1011,413 Accounts receivable, net1232 Payroll funds receivable487349 Prepaid expenses, net5064 Other payroll assets660916 Other current assets4546 Total current assets2,7623,180 Restricted cash, cash equivalents and investments, noncurrent124145 Property and equipment, net1010 Operating lease right-of-use asset3924 Goodwill461461 Software and other intangible assets, net148156 Other assets144143 Total assets$ 3,688$ 4,119 Liabilities and stockholders' equity Current liabilities: Accounts payable and other current liabilities$ 85$ 89 Revolving credit agreement borrowings9075 Client deposits and other client liabilities4176 Accrued wages562580 Accrued health insurance costs, net191189 Accrued workers' compensation costs, net4644 Payroll tax liabilities and other payroll withholdings1,4841,906 Operating lease liabilities313 Insurance premiums and other payables69 Total current liabilities2,5082,981 Long-term debt, noncurrent894908 Accrued workers' compensation costs, noncurrent, net109110 Deferred taxes1011 Operating lease liabilities, noncurrent4826 Other non-current liabilities1214 Total liabilities3,5814,050 Total stockholders' equity10769 Total liabilities & stockholders' equity$ 3,688$ 4,119 TRINET GROUP, STATEMENTS OF CASH FLOWS (Unaudited)Six Months Ended June 30, (in millions) 2025 2024 Operating activities Net income $ 122 $ 152 Adjustments to reconcile net income to net cash used in operating 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(35) Sale of property and equipment and software — — Proceeds from sale of business 1 — Net cash used in investing activities (7) (47) Financing activities Change in WSE and TriNet Trust related assets and liabilities, net (310) (382) Repurchase of common stock (91) (135) Proceeds from issuance of common stock 7 7 Awards effectively repurchased for required employee withholding taxes (8) (12) Repayment of revolving credit agreement borrowings — (25) Dividends paid (26) (13) Net cash used in financing activities (428) (560) Net change in cash and cash equivalents, unrestricted and restricted (265) (477) Cash and cash equivalents, unrestricted and restricted: Beginning of period 1,691 1,466 End of period $ 1,426 $ 989Supplemental disclosures of cash flow information Interest paid $ 27 $ 30 Income taxes paid, net $ 26 $ 62 Supplemental schedule of noncash investing and financing activities Cash dividend declared, but not yet paid $ 13 $ 12 Payable for purchase of property and equipment $ 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These key financial measures provide an additional view of our operational performance over the long term and provide information that we use to maintain and grow our business. The presentation of these non-GAAP financial measures is used to enhance the understanding of certain aspects of our financial performance. It is not meant to be considered in isolation from, superior to, or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. Non-GAAP Measure Definition How We Use The Measure Adjusted EBITDA • Net income, excluding the effects of: - income tax provision, - interest expense, bank fees and other, - depreciation, - amortization of intangible assets, - stock based compensation expense, - amortization of cloud computing arrangements, and - restructuring costs • Provides period-to-period comparisons on a consistent basis and an understanding as to how our management evaluates theeffectiveness of our business strategies by excluding certain non-recurring costs, which include restructuring costs, as well as certainnon-cash charges such as depreciation and amortization, and stock-based compensationand certain impairment charges recognizedbased on the estimated fair values. We believe these charges are either not directly resulting from our core operations or not indicative of our ongoing operations • Enhances comparisons to the prior periodand, accordingly, facilitates the developmentof future projections and earnings growthprospects • Provides a measure, among others, used inthe determination of incentive compensationfor management • We also sometimes refer to Adjusted EBITDA margin, which is the ratio of Adjusted EBITDA to total revenues Adjusted Net Income • Net income, excluding the effects of: - effective income tax rate (1), - stock based compensation expense, - amortization of intangible assets, net, - non-cash interest expense, - restructuring costs, and - the income tax effect (at our effective taxrate (1) of these pre-tax adjustments.) • Provides information to our stockholdersand board of directors to understand how ourmanagement evaluates our business, to monitor and evaluate our operating results,and analyze profitability of our ongoingoperations and trends on a consistent basis by excluding certain non-cash charges Free Cash Flow • Net cash provided by operating activitiesreduced by capital expenditures • Provides information on the strength of our liquidity and available cash • Provides management with a measure to assist in making planning decisions, evaluateour performance and allocate resources • We also sometimes refer to Free Cash FlowConversion ratio, which is the ratio of free cash flow to Adjusted EBITDA (1) Non-GAAP effective tax rate is 25.0% and 25.6% for the second quarters and full years of 2025 and 2024, which excludes the income tax impactfrom stock-based compensation, changes in uncertain tax positions, and nonrecurring benefits or expenses from federal legislative changes. Reconciliation of GAAP to Non-GAAP Measures The table below presents a reconciliation of Net (loss) income to Adjusted EBITDA:Three Months EndedJune 30,Six Months EndedJune 30, (in millions) 2025 20242025 2024 Net income $ 37 $ 60$ 122 $ 152 Provision for income taxes 14 2144 53 Stock based compensation 18 1831 38 Interest expense, bank fees and other 15 1629 32 Depreciation and amortization of intangible assets 17 1934 37 Amortization of cloud computing arrangements 2 25 4 Restructuring costs 2 —3 — Adjusted EBITDA $ 105 $ 136$ 268 $ 316 Adjusted EBITDA Margin 8.5 % 10.9 %10.6 % 12.5 % The table below presents a reconciliation of Net (loss) income to Adjusted Net Income and Adjusted Net Income per share - diluted:Three Months Ended June 30,Six Months Ended June 30, (in millions, except per share data) 2025 20242025 2024 Net income $ 37 $ 60$ 122 $ 152 Effective income tax rate adjustment 1 —2 1 Stock based compensation 18 1831 38 Amortization of intangible assets 3 55 10 Non-cash interest expense — 11 1 Restructuring costs 2 —3 — Income tax impact of pre-tax adjustments (6) (6)(10) (13) Adjusted Net Income $ 55 $ 78$ 154 $ 189 GAAP weighted average shares of common stock - diluted 49 5149 51 Adjusted Net Income per share - diluted $ 1.15 $ 1.53$ 3.15 $ 3.70 The table below presents a reconciliation of Net cash provided by operating activities to Free Cash Flow:Six Months Ended June 30, (in millions) 2025 2024 Net cash provided by operating activities $ 170 $ 130 Acquisitions of property and equipment and projects in process (33) (35) Free Cash Flow (a) $ 137 $ 95 Adjusted EBITDA (b) $ 268 $ 316 Free Cash Flow Conversion Ratio (a)/(b) 51 % 30 % Reconciliation of GAAP to Non-GAAP Measures for the full-year 2025 guidance. Low and high percentages represent increases (decreases) from the same period in the previous year. The table below presents a reconciliation of net income to Adjusted Net Income and Adjusted Net Income per share - diluted:FY 2024Year 2025 Guidance (in millions, except per share data) ActualLow High Net income $173(46) % (3) % Effective income tax rate adjustment (5)(83) (105) Stock based compensation 6511 11 Amortization of intangible assets 19(49) (49) Non-cash interest expense 3(100) (100) Restructuring costs 49(80) (80) Income tax impact of pre-tax adjustments (35)(32) (32) Adjusted Net Income $269(40) % (12) % GAAP weighted average shares of common stock - diluted 50Adjusted Net Income per share - diluted $5.32$3.25 $4.75 View original content to download multimedia: SOURCE TriNet Group, Inc.
