Randstad NV

Randstad is a global staffing and recruitment company, providing various solutions in the human resources (HR) services space. Co.'s services include regular temporary staffing and permanent placement of candidates. In addition, Co. provides several other HR solutions, such as Recruitment Process Outsourcing (RPO), Managed Services Programs (MSP), payroll services, and outplacement. Co. provides four distinct service concepts: Staffing, Inhouse Services, Professionals and HR Solutions.
  • TickerRAND
  • ISINNL0000379121
  • ExchangeEuronext Amsterdam
  • SectorSupport Services
  • CountryNetherlands

Analysts

ING
Research Department

Benelux Morning Notes

bpost: Small 4Q18 beat; 2019 outlook cautious, Radial ahead offers some comfort. Staffing sector: Dutch figs period 2: vol -2%, rev +1% (was -4%, rev flat), trend stable

ING
Research Department

Benelux Morning Notes

LEG Immobilien: New CEO takes over, accelerating story. Staffing sector: French staffing market data: trend shows signs of improvement. Staffing sector: US February Temp data stable in trend; jobs report in sharp contrast

Expert Corporate Governance Service (ECGS)

Randstad, March 26 2019

In general, Randstad is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 5b, it is proposed to re-appoint Ms. Barbara Borra as Member of the supervisory board. Although Ms. Borra is considered independent, ECGS has concerns  over her aggregate time commitments. Ms. Borra is serving as CEO of Franke Kitchen  Systems (substantial non-listed company) and non-executive director of Brembo S.p.A. and Randstad N.V. (both listed), which exceeds ECGS' guidelines. Accordingly, ECGS recommends to vote OPPOSE. There are no fur...

ING
Research Department

Benelux Morning Notes

AB InBev: And the brand played on. Ackermans & Van Haaren: FY18 in line but quality, outlook disappoint. Adecco: 4Q18 results in line but deceleration of trend in Jan/Feb. AMG: 4Q18 EBITDA beats by 15% driven by Vanadium. CFE: Weaker-than-expected results at DEME. Merlin Properties: delivering on promises. Recticel: A lot of uncertainties at this point. VolkerWessels: Numbers arrive in line with estimates

1 director sold after exercising options/sold

A director at Randstad Holding N.V. sold after exercising options/sold 8,100 shares at 46.460EUR and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under...

ING
Research Department

Benelux Morning Notes

bpost: Small 4Q18 beat; 2019 outlook cautious, Radial ahead offers some comfort. Staffing sector: Dutch figs period 2: vol -2%, rev +1% (was -4%, rev flat), trend stable

ING
Research Department

Benelux Morning Notes

LEG Immobilien: New CEO takes over, accelerating story. Staffing sector: French staffing market data: trend shows signs of improvement. Staffing sector: US February Temp data stable in trend; jobs report in sharp contrast

ING
Research Department

Benelux Morning Notes

AB InBev: And the brand played on. Ackermans & Van Haaren: FY18 in line but quality, outlook disappoint. Adecco: 4Q18 results in line but deceleration of trend in Jan/Feb. AMG: 4Q18 EBITDA beats by 15% driven by Vanadium. CFE: Weaker-than-expected results at DEME. Merlin Properties: delivering on promises. Recticel: A lot of uncertainties at this point. VolkerWessels: Numbers arrive in line with estimates

Emira Sagaama ...
  • Matthias Desmarais

Randstad : Margin protected in Q4 and reassuring outlook

>Slowdown in growth in Q4 in line with our forecasts... - Sales were up 2.1% y-o-y, including a working days effect of +1.9% and a slightly negative forex effect. Organic growth was +0.3% over the quarter, implying a slowdown vs Q3 (+2.7%) in line with our estimates (Oddo-BHF at 0% vs +1% for the consensus). As expected, it was Europe which had the greatest negative impact, losing close to 4 points of growth vs Q3 to -2%. The most notably decline was in Germany (-7% a...

Emira Sagaama ...
  • Matthias Desmarais

Randstad : Protection de la marge au T4 et perspectives rassurantes

>Ralentissement de la croissance au T4 en ligne avec nos attentes… - Le CA est ressorti en progression de 2.1% yoy, incluant un effet jours ouvrés de +1.9% et un effet change légèrement négatif. La croissance organique de +0.3% sur le trimestre implique un ralentissement par rapport au T3 (+2.7%) en ligne avec nos estimations (Oddo BHF à 0%e vs consensus à +1%e). Sans surprise, c’est l’Europe qui pèse le plus ayant perdu près de 4 points de croissance vs T3 à -2%. Les...

1 director sold after exercising options/sold

A director at Randstad Holding N.V. sold after exercising options/sold 8,100 shares at 46.460EUR and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under...

Anis Zgaya ...
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/13/2019

We are initiating coverage on HOCHTIEF on Neutral, with a target price of € 152. We are attracted by the combination of yield and growth as well as by management’s track record, but we believe that other companies within our coverage (Eiffage, VINCI) today offer equally attractive and more sustainable levels of FCF yield and return. - ...

Anis Zgaya ...
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/02/2019

Nous initions HOCHTIEF à Neutre, avec un objectif de cours de 152 €. Nous sommes séduits par la combinaison rendement-croissance ainsi que par le track record du management mais nous estimons que d’autres valeurs au sein de notre univers de couverture (Eiffage, VINCI) offrent aujourd’hui des niveaux de FCF yield et de rendement aussi intéressants et plus pérennes. Cf étude publiée hier soir. - ...

Alexandre Iatrides ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Georges Dieng
  • Igor Kim, CFA
  • Johanna Jourdain
  • Léopold Authié
  • Matthias Desmarais
  • Nicolas Kieffer
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam
  • Stephane Houri
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/25/2018

...

Alexandre Iatrides ...
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emira Sagaama
  • Georges Dieng
  • Igor Kim, CFA
  • Johanna Jourdain
  • Léopold Authié
  • Matthias Desmarais
  • Nicolas Kieffer
  • Philippe Ourpatian
  • Pierre Tegner
  • Rémi Adam, CFA
  • Stephane Houri
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/07/2018

...

Ibrahim Firdaus

Randstad Holding NV

Ibrahim Firdaus

Randstad Holding NV

Ibrahim Firdaus

Randstad Holding NV

Ibrahim Firdaus

Randstad Holding NV

Ibrahim Firdaus

Randstad Holding NV

MarketLine Department

Adecco Group AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Adecco Group AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Adecco Group AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Hi...

Expert Corporate Governance Service (ECGS)

Randstad, March 26 2019

In general, Randstad is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 5b, it is proposed to re-appoint Ms. Barbara Borra as Member of the supervisory board. Although Ms. Borra is considered independent, ECGS has concerns  over her aggregate time commitments. Ms. Borra is serving as CEO of Franke Kitchen  Systems (substantial non-listed company) and non-executive director of Brembo S.p.A. and Randstad N.V. (both listed), which exceeds ECGS' guidelines. Accordingly, ECGS recommends to vote OPPOSE. There are no fur...

Randstad – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Analyse court terme - RANDSTAD : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 44,80 € prochainement. Le prochain objectif est à 40,84 €, puis 39,01 €. Le franchissement de 46,70 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - RANDSTAD : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €44.80. The next target is at €40.84, then €39.01. Passing €46.70 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - RANDSTAD : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 40,84 €. La tendance de fond serait remise en cause en cas de franchissement de 46,70 €.

Jérôme VINERIER

Short term view - RANDSTAD : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €40.84. The background trend would be questioned should prices rise above €46.70.

Jérôme VINERIER

Medium term view - RANDSTAD : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €35.99, then €29.19. Passing €57.23 would question the continuation of the fall.

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