Q1 19 was better than expected. Randstad Holding posted slight organic revenue growth (+0.5%) in a tougher economic environment than last year (+7.4% in Q1 18). In Europe (68% of the total), the trend of the activities improved in Q1 19 in France (0%), Italy (+1%) and Spain (+3%) vs Q4 18 (respectively -4%, -1%, -3%). The ‘underlying’ EBITA margin improved slightly (+0.1pt to 4% of revenue) thanks to a positive price/mix in temporary staffing and operating costs kept under control
24 Apr 2019
Slight organic revenue growth in a tougher environment
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Slight organic revenue growth in a tougher environment
Randstad NV (RAND:WBO) | 0 0 (-0.8%) | Mkt Cap: 10,747m
- Published:
24 Apr 2019 -
Author:
Hélène Coumes -
Pages:
3
Q1 19 was better than expected. Randstad Holding posted slight organic revenue growth (+0.5%) in a tougher economic environment than last year (+7.4% in Q1 18). In Europe (68% of the total), the trend of the activities improved in Q1 19 in France (0%), Italy (+1%) and Spain (+3%) vs Q4 18 (respectively -4%, -1%, -3%). The ‘underlying’ EBITA margin improved slightly (+0.1pt to 4% of revenue) thanks to a positive price/mix in temporary staffing and operating costs kept under control