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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Adecco Group    ADEN   CH0012138605

ADECCO GROUP

(ADEN)
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Adecco : Dutch staffing company Randstad's fourth-quarter earnings beat estimates

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02/12/2019 | 01:55am EDT
FILE PHOTO - Logo of personnel service provider Randstad is seen in Zurich

AMSTERDAM (Reuters) - Randstad, the world's second-largest staffing company, on Tuesday posted a 1 percent rise in fourth-quarter underlying earnings, slightly ahead of analysts' estimates, amid slowing European markets.

The Dutch company, which trails its Swiss rival Adecco, said its "gross margin is expected to be modestly lower sequentially" in the first quarter.

In the last three months of 2018, sales dropped in major European economies such as France, Germany and Italy. In the United States, where Randstad operates the Monster jobs site, sales rose 3 percent.

Fourth-quarter underlying earnings came in at 309 million euros (£270.9 million), compared with 305 million euros a year earlier. Analysts polled by the company had expected earnings before interest, taxation and amortisation (EBITA) of 305 million euros.

Sales of 6.1 billion euros in the three months ended Dec. 31, 2018 were in line with forecasts, while net income slipped 2 percent to 194 million euros.

(Reporting by Anthony Deutsch; Editing by Subhranshu Sahu and Sherry Jacob-Phillips)

Stocks mentioned in the article
ChangeLast1st jan.
ADECCO GROUP 0.74% 59.78 Delayed Quote.29.11%
RANDSTAD N.V. 0.39% 49.1 Delayed Quote.21.95%
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Financials (€)
Sales 2019 24 056 M
EBIT 2019 1 037 M
Net income 2019 642 M
Debt 2019 887 M
Yield 2019 4,40%
P/E ratio 2019 13,54
P/E ratio 2020 12,07
EV / Sales 2019 0,40x
EV / Sales 2020 0,38x
Capitalization 8 689 M
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Mean consensus HOLD
Number of Analysts 20
Average target price 51,8 €
Spread / Average Target -0,27%
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Managers
NameTitle
Alain Dehaze Chief Executive Officer
Rolf Hugo Dörig Chairman
Hans Ploos van Amstel Chief Financial Officer
Robert James Chief Information Officer
David Norman Prince Independent Non-Executive Director
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