Randstad : Costs realigned, but top-line pressure remains high
>Adjusted EBITA a 4% consensus beat with high restructuring charges added back - Randstad’s Q2 organic revenue contraction of 5.1% was broadly in line with consensus, at -4.7%, while the 12% decline in adjusted EBITA (to € 271m from € 308m in Q2 2022) was a 4% beat (consensus at € 260m). An unusually high amount of restructuring charges and one-offs of € 54m was added back (€ 40m in restructuring charges across the board – we believe mainly in the Netherlands and Ger...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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