Randstad rises on Q3 EBITA beat

Randstad NV

22/10/2024 08:39

**  Shares in Randstad  RAND.AS  rise almost over 4% as the
world's largest employment agency posted Q3 core profit slightly
above expectations
    ** Q3 EBITA before one-off items came in at 196 million
euros ($212 million), slightly above the 192 million expected by
analysts on average in a company-provided consensus
    ** "Q3 results were solid given the tough market
circumstances," Oddo's analyst Konrad Zomer said in a note
adding that stabilizing conditions mentioned by Randstad are "a
positive surprise"
    ** "The near-term outlook remains challenging and we expect 
further cost reductions at Randstad (and thus lower capacity)
might be necessary," the analyst adds
    ** If gains hold, the shares are on track for best day in
over 2.5 years
    ** The stock is among top gainers on Stoxx 600 Index
 .STOXX  and tops Amsterdam's AEX Index  .AEX 
    


 (Reporting by Michal Aleksandrowicz)
 ((michal.aleksandrowicz@tr.com))