Report
Michael Field
EUR 147.86 For Business Accounts Only

Improving Trends in Q3 for Randstad

Randstad reported a solid set of third-quarter results. Organic revenue growth remained strong at just over 4%, while the group EBITA margin improved by 10 basis points year over year. We expect improvements in organic revenue growth and the EBITA margin to continue into the fiscal year-end, and we retain our EUR 54 fair value estimate and no-moat rating.
Despite some pricing pressure in Randstad’s home market in the Netherlands and revenue declines in the United Kingdom following the impact of ...
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
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Field

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