Report
Emira Sagaama ...
  • Matthias Desmarais

Randstad : No positive inflection of growth in the short term – Reduce vs Neutral

>Slowdown of growth and weakening of activity in North America - Organic growth adjusted for the number of working days was -2.5% in Q3, reflecting a sequential deceleration vs -1.7% in Q2 (ODDO BHF: -2.9% est., consensus -1.7%e). Whilst the stabilisation of Europe at -4% over the quarter (in line with Q2) is good news, the deceleration of North America is becoming more marked (-1% in Q3 vs +1% in Q2), notably in general staffing, down by -4% vs stable in Q2, followin...
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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