Randstad beat the consensus in Q3 21. Organic revenue surged by +20.7% on the back of the favourable economic environment. Q3 21 organic revenue exceeded Q3 19 by 5%. The underlying EBITA margin improved to 4.7% of revenue (+0.8pt) thanks to a higher gross margin and good control of operating expenses. The momentum remains positive in early October 2021 vs the situation in September 2021 (6% above September 2019). Lastly, Randstad announced a change in the CEO for March 2022.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong Q3 21 above consensus
Randstad beat the consensus in Q3 21. Organic revenue surged by +20.7% on the back of the favourable economic environment. Q3 21 organic revenue exceeded Q3 19 by 5%. The underlying EBITA margin improved to 4.7% of revenue (+0.8pt) thanks to a higher gross margin and good control of operating expenses. The momentum remains positive in early October 2021 vs the situation in September 2021 (6% above September 2019). Lastly, Randstad announced a change in the CEO for March 2022.