Randstad : Lacklustre growth but an effort on the dividend
>Q4 2019 only just in line with forecasts, but a record dividend - The Q4 sales figure was in line, coming to € 5,995m, down 1.7% y-o-y, even though trading-day adjusted (TDA) organic growth was -2.8%, slightly shy of forecasts (ODDO BHF -2.5% in line with Q3, consensus -2.6%). The gross margin came to 20% over the quarter, i.e. +20bp y-o-y, with temporary employment still showing an increase (+40 bp y-o-y vs. +30bp y-o-y in Q3 and +10bp in Q2), which is reassuring an...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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