Q3 Financial Outcomes for 2021
In the realm of business, the EDF Group and LHH (Talent Solutions) have recently showcased impressive financial results, demonstrating their commitment to profitable growth and operational efficiency.
EDF Group's First Half of 2025 Results
The EDF Group, a global leader in the energy sector, reported robust earnings in the first half of 2025. The company achieved €15.5 billion in EBITDA and €9.0 billion in EBIT, indicating strong profitability at both the earnings before interest, tax, depreciation, and amortization level, and EBIT level respectively [1]. Despite challenges such as falling market prices and rising investments, the operational performance aligned with expectations, demonstrating the group’s resilience and ability to maintain profitable growth.
Net financial debt was reduced, showing effective cash management and strong cash conversion capability even in the context of ongoing investment requirements. The group continues to build a significant renewable energy pipeline (114 GW gross wind and solar), while maintaining low carbon intensity at 26gCO₂/kWh, which aligns with strategic priorities around sustainable growth and decarbonization. The positive cash flow and disciplined cost control support record gross margins and reinforce the group's strategy of balanced growth combining profitability and sustainability.
LHH (Talent Solutions) Performance
LHH (Talent Solutions) also posted impressive results, with LHH's Professional Recruitment division seeing excellent growth. Permanent placement is now ahead of 2019 levels, marking a significant milestone. The company's gross profit margin reached a record high of 20.8%, up 120 basis points.
Key Developments at LHH (Talent Solutions)
Strategic progress was made by LHH (Talent Solutions) in the form of acquisitions and reorganisations. The company acquired QAPA and BPI Group, and announced a planned reorganisation of the Talent Solutions/LHH operating model. Integration planning for the acquisition of AKKA is on track, with anticipation of acquiring a controlling stake in early 2022, subject to regulatory approvals.
In terms of financial metrics, cash conversion was 69%, reflecting normal working capital absorption due to improving revenue growth. Gross profit increased by 16%, primarily driven by Professional Recruitment (+50%) and an additional 18%. EBITA excluding one-offs was EUR 250 million, representing a 4.8% margin, up 30 basis points. Operating income increased by 75% to EUR 196 million.
Comparative Analysis
It's important to note that all growth rates in this release are compared to the same period in the prior year, unless otherwise noted. Growth rates are provided on an organic and trading days adjusted basis, and on an organic basis, where applicable.
For more information about the group's brands, refer to the section titled "The our group Brands" in this release. For further details on the use of non-GAAP measures in this release, readers are advised to refer to the Financial Information section and the Additional Information Section of the 2020 Annual Report.
Modis executed strongly and generated revenues above 2019 levels. Revenues for TDA increased by 9%, with significant growth in US Professional Recruitment (+26%), Global Professional Recruitment (+28%), Southern Europe & EEMENA (+21%), and Modis (+14%).
The financial strategy of both EDF Group and LHH (Talent Solutions) centres on profitable growth driven by operational efficiency and expanded renewable investments. Both companies are committed to maintaining low carbon intensity consistent with ESG commitments, reducing financial leverage to strengthen balance sheets and flexibility, and sustaining positive cash flow for reinvestment and debt reduction.
[1] https://www.edf.fr/en/the-edf-group/dedicated-sections/investors/financial-and-extra-financial-performance/financial-results
The financial strategy of EDF Group involves pursuing profitable growth through operational efficiency and expanded renewable investments, as demonstrated by their reduction in net financial debt and focus on low carbon intensity.
For LHH (Talent Solutions), their business model includes investing in permanent placement, as evidenced by their division seeing excellent growth and permanent placement being ahead of 2019 levels.
