Randstad : Margin protected in Q4 and reassuring outlook
>Slowdown in growth in Q4 in line with our forecasts... - Sales were up 2.1% y-o-y, including a working days effect of +1.9% and a slightly negative forex effect. Organic growth was +0.3% over the quarter, implying a slowdown vs Q3 (+2.7%) in line with our estimates (Oddo-BHF at 0% vs +1% for the consensus). As expected, it was Europe which had the greatest negative impact, losing close to 4Â points of growth vs Q3 to -2%. The most notably decline was in Germany (-7% a...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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