Report
Michael Field
EUR 100.00 For Business Accounts Only

A Mixed Bag for Randstad in 3Q; Shares Attractively Priced

No-moat Randstad’s third-quarter update was something of a mixed bag. Organic revenue growth slowed to 2.7% over the period from the 7.4% and 5% delivered in the first and second quarters, respectively, while the underlying EBITA margin actually picked up over the same period to 5%. The slowdown in revenue growth should not come as a huge shock, given Adecco’s impromptu update last month at its investor day; however, the current weakened share prices for both stocks would suggest that many inves...
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

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch