Brief: Randstad Q3 Revenue Reach 6.02 Billion Euros

Randstad NV

22/10/2024 06:11

Oct 22 (Reuters) - Randstad NV  RAND.AS :
    * Q4 2024 GROSS MARGIN IS IMPACTED BY MONSTER DISPOSAL OF
AROUND
50BPS SEQUENTIALLY
    * -5.9% Q3 2024 ORG. REVENUE GROWTH
    * IN Q4, WE EXPECT GROSS MARGIN TO BE UNDERLYING SLIGHTLY
HIGHER
SEQUENTIALLY
    * Q3 UNDERLYING EBITA EUR  196 MILLION VERSUS EUR 192
MILLION IN
COMPANY-PROVIDED CONSENSUS
    * Q3 2024 NET INCOME €106M
    * Q4 2024 OPERATING EXPENSES ARE IMPACTED BY MONSTER
DISPOSAL OF
AROUND € 35-40M SEQUENTIALLY
    * Q3 ORGANIC GROWTH -5.9% VERSUS -5.6% IN COMPANY-PROVIDED
CONSENSUS
    * Q3 REVENUE EUR 6.02 BILLION VERSUS EUR 6.00 BILLION IN
COMPANY-PROVIDED CONSENSUSRANDSTAD NV -
    * Q3 REVENUE EUR 6.02 BILLION VERSUS EUR 6.00 BILLION IN
COMPANY-PROVIDED CONSENSUS
    * Q4 2024 OPERATING EXPENSES ARE EXPECTED TO BE UNDERLYING
STABLE
SEQUENTIALLY
    * Q3 NET INCOME EUR 106 MILLION VERSUS EUR 130 MILLION IN
COMPANY-PROVIDED CONSENSUS
    * IN Q4 2024, RANDSTAD ANNOUNCES ITS INTENTION TO ACQUIRE
ZORGWERK
    * Q3 UNDERLYING EBITA MARGIN 3.3% VERSUS 3.2% IN
COMPANY-PROVIDED
CONSENSUS
    * ACQUISITION FOR AN ENTERPRISE VALUE OF APPROXIMATELY € 323
MILLION
    * IN FIRST WEEKS OF OCTOBER WE SEE STABLE VOLUMES AS
COMPARED TO
THE QUARTER
    * WE EXPECT TO BENEFIT FROM EASIER COMPARABLES AS WE MOVE
INTO Q4

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Further company coverage:  RAND.AS 

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