In Q1 20, organic revenue decreased by 7% (o/w -10% in Europe) reflecting -3% to -4% in January/mid-March 2020 then -30% since mid-March. It is an indicator for Q2 20 as North America and other countries in the ROW entered into the COVID-19 and lockdown cycle in April. The underlying EBITA margin was solid thanks to cost measures and the first governmental measures related to COVID-19. Free cash flow did not deteriorate and the net debt/EBITDA ratio was rather stable (1.1x).
22 Apr 2020
Solid financial situation starting a depressed Q2 20
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Solid financial situation starting a depressed Q2 20
Randstad NV (RAND:WBO) | 0 0 (-0.8%) | Mkt Cap: 10,747m
- Published:
22 Apr 2020 -
Author:
Hélène Coumes -
Pages:
3
In Q1 20, organic revenue decreased by 7% (o/w -10% in Europe) reflecting -3% to -4% in January/mid-March 2020 then -30% since mid-March. It is an indicator for Q2 20 as North America and other countries in the ROW entered into the COVID-19 and lockdown cycle in April. The underlying EBITA margin was solid thanks to cost measures and the first governmental measures related to COVID-19. Free cash flow did not deteriorate and the net debt/EBITDA ratio was rather stable (1.1x).