Report
Emira Sagaama ...
  • Matthias Desmarais

Randstad : Marge résiliente et génération de FCF solide malgré la croissance morose

>Ralentissement séquentiel au T2 2019 plus fort qu’anticipé - La croissance organique ajustée des jours ouvrés est ressortie à -1.7% au T2, un ralentissement plus marqué qu’attendu (ODDO BHF -0.9%e, Css -0.5%e) vs +0.5% au T1 en dépit de la base de comparaison plus favorable (T2 2018 à +4.9% vs +7% au T1). L’Europe pèse comme craint, avec -4% en organique au T2 vs -1% au T1, et une poursuite de la décroissance en Allemagne (-15% au T2 vs -10% au T1), en Belgique et Lu...
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
Emira Sagaama

Matthias Desmarais

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Matthias Desmarais
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