Report
Emira Sagaama ...
  • Matthias Desmarais

Randstad : Un court terme peu réjouissant mais intégré dans les estimations et un re-rating encore modéré, nous passons à l’Achat

>Résultats T1 supérieurs aux attentes - Le CA est en baisse de -7.4% en organique et ajusté des jours ouvrés (TDA) au T1, ce qui est bien moins pessimiste que les attentes (ODDO BHF -15.3%, Css -12.3%) et est en ligne avec la performance de Manpower publiée il y a deux jours (-7%). La marge brute est ressortie en baisse de -30 pb yoy à 19.4% (en ligne avec le Css, ODDO BHF 19.5%e) et la marge d’EBITA en baisse de 100 pb yoy à 3%, bien au-dessus des attentes (Css 2.3%,...
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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