Report
Frank Claassen

Randstad - CMD outlining its 'partner for talent' strategy

•    At today's CMD Randstad will outline its new 'partner for talent' strategy•    Focus is on more specialization and on talent scarcity, financially its ambitions are basically unchanged.•    Although we regard Randstad as a quality company, we have a Reduce as we see an ongoing deterioration of its top line amidst an uncertain macro-economic outlook. Our TP of EUR 45 is based on 9x 2024E EV/REBIT. 
Underlying
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.

Provider
Degroof Petercam
Degroof Petercam

​We are an investment house with Belgian roots founded on more than 150 years of trust.

As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.

Analysts
Frank Claassen

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