Report
Konrad Zomer

Randstad : Earnings risk still on the downside

>Ongoing squeeze in Q1 - We spoke with the company and understand staffing market conditions in the first quarter remained difficult. Q1 results are due for release on 23 April. After reporting an organic revenue decline of 8.6% in Q4, we estimate organic revenue growth in Q1 will come in at approximately -8.5%. Staffing markets in North America (17% of the Group), the Netherlands (12%), Germany (7%) and particularly France (15%) continued to suffer in Q1 from a tough...
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
Oddo BHF
Oddo BHF

​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.

Analysts
Konrad Zomer

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