The slowdown of organic revenue growth was confirmed in Q3 18 (+2.7% vs +6% in H1 18) due to Europe, as expected, +2% in Q3 18 (vs +5% in Q2 18, +9% in Q1 18). In this context, the group succeeded in delivering a slight underlying margin improvement, helped by further cost improvements at Monster. For October 2018, the organic trend is in line with that in Q3 18. We do not anticipate any improvement by the end of the year.
23 Oct 2018
Slowdown of organic growth in Europe
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Slowdown of organic growth in Europe
Randstad NV (RAND:WBO) | 0 0 (-0.8%) | Mkt Cap: 10,747m
- Published:
23 Oct 2018 -
Author:
Hélène Coumes -
Pages:
3
The slowdown of organic revenue growth was confirmed in Q3 18 (+2.7% vs +6% in H1 18) due to Europe, as expected, +2% in Q3 18 (vs +5% in Q2 18, +9% in Q1 18). In this context, the group succeeded in delivering a slight underlying margin improvement, helped by further cost improvements at Monster. For October 2018, the organic trend is in line with that in Q3 18. We do not anticipate any improvement by the end of the year.