Randstad : Numbers in line but a €1.27 special dividend a clear positive
>Results in line, but a special dividend as a positive surprise - In Q4, Randstad reported organic revenue growth of -8.6%, the highest quarterly decline since Q3 2020), which compares with organic declines of -7.3%, -5.1% and -4.2% in Q3/Q2/Q1 of 2023. Permanent placement was down 26% versus our forecast of -25%, and reflects declines in North America of 31% (we at -45%), a 41% drop in N-Europe and -7% in S-Eur/Latam (we at -10%) and a 25% drop in RoW (we at -20%). T...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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