Randstad Holding performed well in Q4 15 and posted revenue 2% above our expectation and underlying EBITA 6% above our estimate. The underlying EBITA margin increased significantly (+0.5pt to 4.9% of revenue). +Q4 15 figures+ Revenue reached €4,995m (+11% including a +3.7% currency effect). Organic revenue per working day growth was strong (+6.6%) and was attributable to all geographic areas except the UK (-4%). EBITA (before amortisation of acquisition-related intangible assets) surged
19 Feb 2016
Strong organic revenue growth
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Strong organic revenue growth
Randstad NV (RAND:WBO) | 0 0 (-0.8%) | Mkt Cap: 10,747m
- Published:
19 Feb 2016 -
Author:
Hélène Coumes -
Pages:
3
Randstad Holding performed well in Q4 15 and posted revenue 2% above our expectation and underlying EBITA 6% above our estimate. The underlying EBITA margin increased significantly (+0.5pt to 4.9% of revenue). +Q4 15 figures+ Revenue reached €4,995m (+11% including a +3.7% currency effect). Organic revenue per working day growth was strong (+6.6%) and was attributable to all geographic areas except the UK (-4%). EBITA (before amortisation of acquisition-related intangible assets) surged