Brief: Randstad NV - Q1 2024 Org. Revenue Growth -7.8%

Randstad NV

23/04/2024 06:15

April 23 (Reuters) - Randstad NV  RAND.AS :
    * Q1 2024 ORG. REVENUE GROWTH -7.8%
    * APRIL 2024 VOLUMES STABLE COMPARED TO MARCH
    * "WE CONTINUED TO ADAPT AND RESPOND WELL IN Q1, AS MARKET
CONDITIONS REMAINED CHALLENGING - CEO
    * WHILE WE PERFORMED WELL IN SOUTHERN EUROPE, LATAM AND ASIA
PACIFIC, WE ENCOUNTERED SOFTER CONDITIONS THAN EXPECTED IN NORTH
AMERICA AND NORTHERN EUROPE - CEO
    * Q1 UNDERLYING EBITA EUR 177 MILLION VERSUS EUR 181 MILLION
IN
COMPANY-PROVIDED CONSENSUS
    * Q1 EBITA MARGIN 3.0% VERSUS 3.1% IN COMPANY-PROVIDED
CONSENSUS
    * WHILE WE EXPECT MACROECONOMIC UNCERTAINTIES TO REMAIN, WE
ARE
EXECUTING OUR PARTNER FOR TALENT STRATEGY, AND INVESTING WHERE
APPROPRIATE SO THAT WE ARE POSITIONED FOR GROWTH WHEN THE MARKET
RETURNS."- CEO
    * Q2 2024 GROSS MARGIN IS EXPECTED TO BE BROADLY IN LINE
SEQUENTIALLY.
    * Q1 REVENUE € 5.9BN AT -7.8%
    * Q2 2024 OPERATING EXPENSES ARE EXPECTED TO BE MODESTLY
HIGHER
SEQUENTIALLY


Further company coverage:  RAND.AS 

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