Randstad beat the consensus in Q3 20 with a decrease in organic revenue of 13% and an underlying EBITA margin of 3.9% of revenue (-1.1pt). Randstad performed well in North America, the Rest of world and Italy, all where the decrease in organic revenue was below the group average. Randstad had a strong free cash flow thanks to the positive impact of the CICE subsidy collection in France.
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Better than expected resumption
Randstad beat the consensus in Q3 20 with a decrease in organic revenue of 13% and an underlying EBITA margin of 3.9% of revenue (-1.1pt). Randstad performed well in North America, the Rest of world and Italy, all where the decrease in organic revenue was below the group average. Randstad had a strong free cash flow thanks to the positive impact of the CICE subsidy collection in France.