Randstad NV

Randstad is a global staffing and recruitment company, providing various solutions in the human resources (HR) services space. Co.'s services include regular temporary staffing and permanent placement of candidates. In addition, Co. provides several other HR solutions, such as Recruitment Process Outsourcing (RPO), Managed Services Programs (MSP), payroll services, and outplacement. Co. provides four distinct service concepts: Staffing, Inhouse Services, Professionals and HR Solutions.
  • TickerRAND
  • ISINNL0000379121
  • ExchangeEuronext Amsterdam
  • SectorSupport Services
  • CountryNetherlands

Analysts

Nurhayati Wan

Randstad N.V.

Nurhayati Wan

Randstad N.V.

Alfred Glaser ...
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jean Sassus
  • Jerôme Bodin
  • Matthias Desmarais
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/12/2020

The market, whilst not totally complacent about the coronavirus epidemic, seems to liken the virus to the SARS epidemic in 2003. It is therefore betting on a very rapid exit from the crisis whilst ignoring the substantial increase in China's weight in the value chains, the macro consequences of which may be temporary but significant. In addition, the other risks (notably political) have not disappeared, even though our upside for the full year is almost used up (Stoxx 600 Dec. 20: 429...

Alfred Glaser ...
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jean Sassus
  • Jerôme Bodin
  • Matthias Desmarais
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/02/2020

Le marché, sans être totalement complaisant vis-à-vis de l’épidémie de coronavirus, semble apparenter cette dernière à celle de SRAS en 2003. Il fait donc le pari d’une sortie de crise très rapide en ignorant l’accroissement considérable de poids de la Chine dans les chaines de valeur, les conséquences macro seront peut-être provisoires mais sensibles. Ajoutons à cela que les autres risques (notamment politiques) n’ont pas disparu alors que notre potentiel annuel est quasi consommé (S...

Emira Sagaama ...
  • Matthias Desmarais

Randstad : Lacklustre growth but an effort on the dividend

>Q4 2019 only just in line with forecasts, but a record dividend - The Q4 sales figure was in line, coming to € 5,995m, down 1.7% y-o-y, even though trading-day adjusted (TDA) organic growth was -2.8%, slightly shy of forecasts (ODDO BHF -2.5% in line with Q3, consensus -2.6%). The gross margin came to 20% over the quarter, i.e. +20bp y-o-y, with temporary employment still showing an increase (+40 bp y-o-y vs. +30bp y-o-y in Q3 and +10bp in Q2), which is reassuring an...

Nurhayati Wan

Randstad N.V.

Nurhayati Wan

Randstad N.V.

Emira Sagaama ...
  • Matthias Desmarais

Randstad : Lacklustre growth but an effort on the dividend

>Q4 2019 only just in line with forecasts, but a record dividend - The Q4 sales figure was in line, coming to € 5,995m, down 1.7% y-o-y, even though trading-day adjusted (TDA) organic growth was -2.8%, slightly shy of forecasts (ODDO BHF -2.5% in line with Q3, consensus -2.6%). The gross margin came to 20% over the quarter, i.e. +20bp y-o-y, with temporary employment still showing an increase (+40 bp y-o-y vs. +30bp y-o-y in Q3 and +10bp in Q2), which is reassuring an...

Emira Sagaama ...
  • Matthias Desmarais

Randstad : Croissance morose mais un effort sur le dividende

>Un T4 19 tout juste en ligne avec les attentes, mais un dividende record - Le CA T4 est ressorti en ligne avec les attentes à 5 995 M€, en baisse de 1.7% yoy, bien que la croissance organique ajustée des jours ouvrés (TDA) soit légèrement moins bonne qu’attendu à -2.8% (ODDO BHF -2.5% en ligne avec le T3, Css -2.6%). La marge brute est de 20% sur le trimestre, i.e. +20 pb yoy, avec une progression toujours dans le travail temporaire (+40 pb yoy vs. +30 pb yoy au T3 e...

ING
ING Helpdesk

Benelux Morning Notes

Gimv: Potential exit of Grandeco. Randstad: 4Q19 results touch light, strong dividend beat, some rebound in the last week. Staffing sector: French data - Dec trend weak despite easier comps, Jan outlook softer. Takeaway.com: Preview FY19 results. Telenet Group: 4Q19 preview

Randstad Holding N.V.: 1 director sold

A director at Randstad Holding N.V. sold 10,000 shares at 51.210EUR and the significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

Alfred Glaser ...
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jean Sassus
  • Jerôme Bodin
  • Matthias Desmarais
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/12/2020

The market, whilst not totally complacent about the coronavirus epidemic, seems to liken the virus to the SARS epidemic in 2003. It is therefore betting on a very rapid exit from the crisis whilst ignoring the substantial increase in China's weight in the value chains, the macro consequences of which may be temporary but significant. In addition, the other risks (notably political) have not disappeared, even though our upside for the full year is almost used up (Stoxx 600 Dec. 20: 429...

Alfred Glaser ...
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jean Sassus
  • Jerôme Bodin
  • Matthias Desmarais
  • Michael Foundoukidis
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/02/2020

Le marché, sans être totalement complaisant vis-à-vis de l’épidémie de coronavirus, semble apparenter cette dernière à celle de SRAS en 2003. Il fait donc le pari d’une sortie de crise très rapide en ignorant l’accroissement considérable de poids de la Chine dans les chaines de valeur, les conséquences macro seront peut-être provisoires mais sensibles. Ajoutons à cela que les autres risques (notamment politiques) n’ont pas disparu alors que notre potentiel annuel est quasi consommé (S...

Ahmed Ben Salem ...
  • Alain William
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Emira Sagaama
  • Emmanuel Matot
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Oussema Denguir
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/17/2019

...

Charles Lepetitpas ...
  • Emira Sagaama
  • Emmanuel Matot
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 17/12/2019

...

Charles Lepetitpas ...
  • Emira Sagaama
  • Emmanuel Matot
  • Louis Boujard, CFA
  • Martial Descoutures
  • Nicolas David
  • Oussema Denguir
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 12/17/2019

...

RANDSTAD NV sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of RANDSTAD NV (NL), active in the Business Training & Employment Agencies industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date January 31, 2020, the closing price was EUR 51.96 and its target price was estimated at EUR 47.47.

Ibrahim Firdaus

Randstad Holding NV

Ibrahim Firdaus

Randstad Holding NV

Ibrahim Firdaus

Randstad Holding NV

Ibrahim Firdaus

Randstad Holding NV

MarketLine Department

Seek Limited - Strategy, SWOT and Corporate Finance Report

Summary Seek Limited - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Scope - Detailed information on Seek Limited required for business and competitor intelligence needs - A study of the major internal and external factors affecting Seek Limited in the form of a SWOT analysis - An in-depth view of the business model of Seek Limited including a breakdown and examination of ke...

MarketLine Department

Robert Half International Inc. - Strategy, SWOT and Corporate Finance Report

Robert Half International Inc. - Strategy, SWOT and Corporate Finance Report Summary Robert Half International Inc. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Robert Half International Inc. (RHI or "the company") is a provider of specialized staffing, risk consulting and internal audit services. The company offers temporary and full-time staffing services ...

MarketLine Department

Adecco Group AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Adecco Group AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Adecco Group AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Hi...

Expert Corporate Governance Service (ECGS)

Randstad, March 26 2019

In general, Randstad is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 5b, it is proposed to re-appoint Ms. Barbara Borra as Member of the supervisory board. Although Ms. Borra is considered independent, ECGS has concerns  over her aggregate time commitments. Ms. Borra is serving as CEO of Franke Kitchen  Systems (substantial non-listed company) and non-executive director of Brembo S.p.A. and Randstad N.V. (both listed), which exceeds ECGS' guidelines. Accordingly, ECGS recommends to vote OPPOSE. There are no fur...

Randstad – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish HR & Staffing Stocks

Int'l Human Resources & Employment Services Groups are bottoming -- add exposure Our international Human Resources & Employment Services Groups (SV-10, -11, and -12) are showing signs of price and RS bottoms throughout Japan, Europe, and the UK... see charts below. We believe short-term pullbacks in the names highlighted today should be bought, particularly in light of the Fed hinting at increased flexibility and the potential for improving trade headlines. Today we highlight our favorite setups within our int'l HR & Employment Services Groups: Recruit Holdings Co., Ltd. (6098-JP), PERSOL ...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Opportunities in Europe, Japan As markets pull back amid the tariff saga we continue to believe this is an attractive time to add exposure. This view is supported by the technicals with all major global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) pulling back to their respective 200-day moving averages... see charts below. • Actionable Sectors: Services and Consumer Staples in Europe and Japan. We often view the Services Sector as a defensive way to invest in Technology. We also highlight several Consumer Staples stocks within Europe (the STOXX 600 Food & Beverage index remains leadersh...

Jérôme VINERIER

Analyse court terme - RANDSTAD : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 44,80 € prochainement. Le prochain objectif est à 40,84 €, puis 39,01 €. Le franchissement de 46,70 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - RANDSTAD : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €44.80. The next target is at €40.84, then €39.01. Passing €46.70 would question the continuation of the fall.

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