Randstad shares jump on 'high quality' Q1 beat

Randstad NV

23/04/2025 08:45

** Shares in Randstad RAND.AS rise as much as 7.5% after the world's largest recruitment company released Q1 results above analyst consensus

** KBC Securities points to the gross margin beat, adding that "combined with lower financing costs and one-off & integration costs, this results in a solid beat of estimates"

** Randstad's Q1 gross margin of 19.3% beat the consensus of 19.1%

** ING also sees a "high quality" beat driven by both a better revenue trend and improved gross margin, but mentions outlook for Q2 volume trends might be a "notch too optimistic"

** At 0835 GMT, shares of Randstad are up 7.3%

 (Reporting by Jakob Van Calster)

 ((Jakob.vancalster@thomsonreuters.com))