In Q2 19, organic revenue decreased (-1.7% vs +0.5% in Q1 19) due to Europe (70% of revenue), specifically the automotive sector which impacted Germany (-15%), Belgium and the Netherlands to a lesser extent (respectively -4% and -3%). In this context, the ‘underlying’ EBITA margin remained robust (4.7% of revenue, -0.1pt) thanks to the improvement in the gross margin (+0.2pt to 20% of revenue).
23 Jul 2019
Robust 'underlying' EBITA margin
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Robust 'underlying' EBITA margin
Randstad NV (RAND:WBO) | 0 0 (-0.8%) | Mkt Cap: 10,747m
- Published:
23 Jul 2019 -
Author:
Hélène Coumes -
Pages:
3
In Q2 19, organic revenue decreased (-1.7% vs +0.5% in Q1 19) due to Europe (70% of revenue), specifically the automotive sector which impacted Germany (-15%), Belgium and the Netherlands to a lesser extent (respectively -4% and -3%). In this context, the ‘underlying’ EBITA margin remained robust (4.7% of revenue, -0.1pt) thanks to the improvement in the gross margin (+0.2pt to 20% of revenue).