Another Solid Performance From Recruitment Giant Randstad
No-moat Randstad reported fourth-quarter results bang in line with our forecasts for both revenue and EBITA. While a slight miss on reported net income was due to integration costs and one-offs, on an adjusted basis, this too was in line with our forecasts for the full year. We do not expect to make any material changes to our longer-term forecasts, nor to our EUR 54 fair value estimate, beyond an adjustment for the time value of money. Following the strong run in the share price in the year to ...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.
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