Randstad falls to 1-1/2 year low after Q1 core profit miss
Adds dropped word 'year' in headline
** Shares in Randstad RAND.AS fall around 6% to their lowest since mid-October 2022 after the recruitment agency missed expectations for its first-quarter core profit
** The group's quarterly underlying earnings before interest, tax and amortisation (EBITA) fell 33% organically from a year earlier to 177 million euros ($188.42 million), below the 181 million euros expected by analysts
** KBC says it is an "expected continuation of the challenging market environment", predicting the second-quarter "to remain challenging"
** "If the stack holds, organic the second-quarter revenue "will be -7% below consensus (-5.2%)," Jefferies warns
** However, KBC adds that it expects Randstad to return in the third-quarter to "a growth trajectory", as the macro environment is expected to improve
** The stock is at the bottom of the Dutch stock market index .AEX, and is on track for its worst day since end September 2022 if losses persist
($1 = 0.9394 euros)
Reporting by Lina Golovnya
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