Randstad shares fall on weak Q4, 'sluggish start' to 2026

Randstad NV

11/02/2026 08:58

** Shares in Randstad RAND.AS drop 7.4% after the group posted falling revenues in the fourth quarter of 2025 and what J.P.Morgan deems a "sluggish start" to this year

** Organic revenue fell by 2.1%, more than the 1.4% analysts expected in a company-compiled consensus, and total revenues dropped by 4.4%, in line with expectations

** The Dutch recruitment firm adds January saw a 0.4% decrease in revenues, with its gross margin expected to be stable sequentially for Q1

** "The hiring market continues to struggle, with initial comments on January volumes not indicating a change of trend," KBC Securities says

** "We believe this cycle will turn positive for Randstad at some point, but today's results don't indicate that turning point to be now," it adds

** Degroof Petercam says Randstad's top line continues to struggle with no recovery in sight, and cuts its 2026 EBITA estimate by about 7% to EUR 750 million

** Randstad shares are on track for their worst day since April 2025, if losses persist

 (Reporting by Jakob Van Calster)

 ((jakob.vancalster@thomsonreuters.com))