Brunel International jumps after Q4 results
21/02/2025 09:11
** Shares in Brunel International BRUN.AS rise around 6%
after the Dutch staffing group reported fourth-quarter results
showing "very good cost control", an Oddo analyst says
** "They operate in staffing and recruitment markets, so
they had a lot of gross margin pressure", the analyst says,
adding results were ahead of his forecast
** ING analysts point to a slight EBIT beat and strong cash
position
** "Start of larger projects is impacted by macro
uncertainties but the financial impact is compensated by
further cost efficiencies", ING says
** Brunel confirmed on Friday it would propose former
Philips PHG.AS cadre Toine Van Doremalen as its new CFO
** The Oddo analyst sees an external appointment as
positive, adding it is important that the position is filled
** The Amsterdam-listed stock is up 5.6% by 0849 GMT to 10
euros ($10.48), its highest price since last August
($1 = 0.9544 euros)
(Reporting by Alessandro Parodi)
((alessandro.parodi@thomsonreuters.com))