Randstad’s Q2 results were slightly above consensus but improved decently yoy. Despite a sequential decline, organic revenue growth in the quarter was strong. The gross margin and operating expense margin slightly increased qoq. This also helped to improve EBITA and the EBITA margin. Revenue growth benefited from solid demand in Permanent Placement and RPO, whereas profitability was lifted by a favourable business mix and pricing initiatives. For Q3, the group sees similar trends in early July b ....
26 Jul 2022
Macro-economic uncertainties obscure 2022 outlook despite decent Q2
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Macro-economic uncertainties obscure 2022 outlook despite decent Q2
Randstad’s Q2 results were slightly above consensus but improved decently yoy. Despite a sequential decline, organic revenue growth in the quarter was strong. The gross margin and operating expense margin slightly increased qoq. This also helped to improve EBITA and the EBITA margin. Revenue growth benefited from solid demand in Permanent Placement and RPO, whereas profitability was lifted by a favourable business mix and pricing initiatives. For Q3, the group sees similar trends in early July b ....