Randstad up on Q1 beat, Degroof flags end to earnings downgrades

Randstad NV

22/04/2026 08:41

** Shares in recruitment firm Randstad RAND.AS up over 5% after beating quarterly expectations

** "Q1-26 finally showed positive comparable sales growth and this should accelerate into Q2-26. Downward earnings revisions should finally come to an end," Degroof Petercam says, noting shares have already fallen around 25% YTD

** Organic revenue growth of 0.4% beat analysts expectations for a 0.4% decline, while underlying EBITA of 146 million euros ($172 million)slightly topped the 143 million euro consensus

** KBC Securities calls it a "positive start to the year" bringing some optimism back to the stock even as outlook remains cautious

** Randstad guides for lower gross margin and higher operational expenses in Q2

($1 = 0.8511 euros)

 (Reporting by Jakob Van Calster)

 ((jakob.vancalster@thomsonreuters.com))