July 23, 2019 / 6:06 AM / 4 months ago

Randstad CFO: Europe to remain weak in 2019, taking measures accordingly

AMSTERDAM (Reuters) - The chief financial officer of Netherlands-based staffing group Randstad (RAND.AS) on Tuesday said the company expects weakness in Europe, which dragged down its second quarter performance, to continue throughout 2019.

“We planned for a weaker Europe for the remainder of the year and take measures accordingly,” CFO Henry Schirmer said in an interview. “We are re-aligning the cost-base with the top line.”

The comments came as Randstad released second quarter results, which were hurt by falling sales in Germany, the Netherlands and Belgium, where it has major automotive clients.

Reporting by Anthony Deutsch; Editing by Richard Borsuk

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