Randstad Q3 Revenue Reach 6.02 Billion Euros
Oct 22 (Reuters) -Randstad NV RAND.AS:
Q4 2024 GROSS MARGIN IS IMPACTED BY MONSTER DISPOSAL OF AROUND 50BPS SEQUENTIALLY
-5.9% Q3 2024 ORG. REVENUE GROWTH
IN Q4, WE EXPECT GROSS MARGIN TO BE UNDERLYING SLIGHTLY HIGHER SEQUENTIALLY
Q3 UNDERLYING EBITA EUR 196 MILLION VERSUS EUR 192 MILLION IN COMPANY-PROVIDED CONSENSUS
Q3 2024 NET INCOME €106M
Q4 2024 OPERATING EXPENSES ARE IMPACTED BY MONSTER DISPOSAL OF AROUND € 35-40M SEQUENTIALLY
Q3 ORGANIC GROWTH -5.9% VERSUS -5.6% IN COMPANY-PROVIDED CONSENSUS
Q3 REVENUE EUR 6.02 BILLION VERSUS EUR 6.00 BILLION IN COMPANY-PROVIDED CONSENSUSRANDSTAD NV -
Q3 REVENUE EUR 6.02 BILLION VERSUS EUR 6.00 BILLION IN COMPANY-PROVIDED CONSENSUS
Q4 2024 OPERATING EXPENSES ARE EXPECTED TO BE UNDERLYING STABLE SEQUENTIALLY
Q3 NET INCOME EUR 106 MILLION VERSUS EUR 130 MILLION IN COMPANY-PROVIDED CONSENSUS
IN Q4 2024, RANDSTAD ANNOUNCES ITS INTENTION TO ACQUIRE ZORGWERK
Q3 UNDERLYING EBITA MARGIN 3.3% VERSUS 3.2% IN COMPANY-PROVIDED CONSENSUS
ACQUISITION FOR AN ENTERPRISE VALUE OF APPROXIMATELY € 323 MILLION
IN FIRST WEEKS OF OCTOBER WE SEE STABLE VOLUMES AS COMPARED TO THE QUARTER
WE EXPECT TO BENEFIT FROM EASIER COMPARABLES AS WE MOVE INTO Q4
Source text for Workspace: [https://tinyurl.com/27m9q8yb]
Further company coverage: RAND.AS
(Gdansk Newsroom)
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