Randstad on track for worst day in five years on global uncertainty

Randstad NV

22/10/2025 08:59

Corrects milestone in headline.

 ** Shares in recruitment firm Randstad RAND.AS fall as much as 8.5% after its Q3 results showed a weakening top line even as cost-control retained a solid bottom line, KBC Securities says

     ** "The top-line is still struggling, with a gross margin of 18.4% being the lowest level since 2016. Outlook isn't seeing volume improvements in October, with costs expected to increase in 4Q," KBC mentioned as it lowers its target price to EUR 40.5 from EUR 47.5

** Degroof Petercam echoes good cost control and in contrast to KBC sees top line momentum finally improving a bit, but notes labour markets across the globe are showing increasing signs of weakness as uncertainty continues to hang over economies

** Share on track for its worst day since April 7, when it closed 8.3 % lower

(Reporting by Jakob Van Calster)

((jakob.vancalster@thomsonreuters.com))