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Randstad NV (RAND.AS)

RAND.AS on Amsterdam Stock Exchange

53.24EUR
22 Jun 2018
Change (% chg)

€1.36 (+2.62%)
Prev Close
€51.88
Open
€51.82
Day's High
€53.36
Day's Low
€51.58
Volume
713,422
Avg. Vol
630,355
52-wk High
€59.54
52-wk Low
€48.10

Latest Key Developments (Source: Significant Developments)

Randstad Holding Q1 Underlying EBITDA up at 217 Million Euros
Tuesday, 24 Apr 2018 

April 24 (Reuters) - RANDSTAD NV ::RANDSTAD HOLDING NV - Q1 2018: SOUND REVENUE GROWTH CONTINUES..UNDERLYING EBITA € 217 M.Q1 UNDERLYING EBITA EUR 217 MILLION VERSUS EUR 209 MILLION YEAR AGO.Q1 ADJUSTED NET INCOME EUR 157 MILLION VERSUS EUR 148 MILLION YEAR AGO.Q1 REVENUE EUR 5.68 BILLION VERSUS EUR 5.56 BILLION YEAR AGO.DEVELOPMENT OF VOLUMES IN EARLY APRIL BROADLY INDICATES A CONTINUATION OF THE Q1 GROWTH RATE.Q2 2018 GROSS MARGIN IS EXPECTED TO BE BROADLY STABLE SEQUENTIALLY.Q2 2018, WE EXPECT A MODERATE INCREASE IN UNDERLYING OPERATING EXPENSES SEQUENTIALLY.THERE WILL BE POSITIVE 0.4 WORKING DAY IMPACT IN Q2 2018.EXPECTS POSITIVE 0.4 WORKING DAY IMPACT IN Q2 2018.IN THE QUARTER, FREE CASH FLOW WAS € 25 MILLION NEGATIVE, DOWN FROM € 120 MILLION THE PRIOR YEAR.  Full Article

Randstad sees 2017 EBITDA margins around 4.6 pct, rising in 2018
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Randstad Holding Nv :Randstad: "comfortable" with estimates of 4.6 percent EBITDA margin for 2017.Randstad sees 90-100 million euros in saving annually by 2019.Randstad: sees progress toward long term EBITDA margin goal of 5-6 percent.Randstad: October, November revenue growth so far in line with Q3 growth of 9 percent.Randstad: 2018 m&a activity will be "limited".  Full Article

Randstad holding Q3 underlying EBITA in line with Reuters poll
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - RANDSTAD HOLDING NV ::Q3 UNDERLYING EBITA EUR 288‍​ MILLION VERSUS EUR 288 MILLION IN REUTERS POLL.Q3 REVENUE OF € 5,872 MILLION; ORGANIC GROWTH +9.0%; GROSS PROFIT UP 7.7% ‍​.Q4 GROSS MARGIN IS EXPECTED TO BE STABLE SEQUENTIALLY‍​.THERE WILL BE AN ADVERSE 0.5 WORKING DAY IMPACT IN Q4 2017..M&A ACTIVITY WILL BE LIMITED IN THE COMING QUARTERS.Q3 UNDERLYING EBITA OF € 288 MILLION; EBITA MARGIN 4.9%‍​.DEVELOPMENT OF VOLUMES IN EARLY OCTOBER BROADLY INDICATE A CONTINUATION OF THE Q3 GROWTH RATE.FOR Q4, OPERATING EXPENSES ARE EXPECTED TO BE STABLE SEQUENTIALLY‍​.Q3 ADJUSTED NET INCOME EUR ‍​ 201.9 MILLION VERSUS EUR 192.5 MILLION YEAR AGO.Q3 REUTERS POLL: REVENUE EUR 5.91 BILLION; ADJUSTED NET INCOME EUR 207 MILLION; UNDERLYING EBITA EUR 288 MLN‍​.  Full Article

Randstad Holding and Montage announce global partnership
Wednesday, 11 Oct 2017 

Oct 11(Reuters) - RANDSTAD HOLDING NV ::ANNOUNCED ON TUESDAY THAT IT HAS SELECTED MONTAGE FOR TECHNOLOGY CONTRACT TO UTILIZE TECHNOLOGY TO ENHANCE RECRUITER PERFORMANCE AND PROVIDE THE DIGITAL EXPERIENCE MODERN CANDIDATES EXPECT.PLANS TO USE MONTAGE PLATFORM ACCROSS ALL LOCATIONS AND BUSINESS UNITS .  Full Article

Randstad extends tender offer to acquire Monster Worldwide
Friday, 23 Sep 2016 

Randstad Holding NV : Randstad extends tender offer to acquire monster worldwide to coordinate offer timing with EU regulatory review schedule .Offer is now scheduled to expire on October 28, 2016 at 12:00 midnight, New York City time.  Full Article

Monster issues open letter to stockholders
Wednesday, 24 Aug 2016 

Monster Worldwide Inc : Issued an open letter to stockholders in response to Medianews Group, Inc.'s letter dated Friday, August 19, 2016 .Concluded that stockholders "would benefit from receiving a cash premium now and entered into an agreement with Randstad".  Full Article

Randstad to buy U.S. rival Monster for $429 million
Tuesday, 9 Aug 2016 

:. Recruitment company Randstad to buy job ads company Monster for $3.40 per share, a total of $429 million, or a 22.7 percent premium to Monster's closing price on Aug. 8 .. Monster will continue to operate as a separate entity under the Monster name .. Jacques van den Broek, CEO of Randstad: "With its industry leading technology platform and easy to use digital, social and mobile solutions, Monster is a natural complement to Randstad." .. Randstad will finance the acquisition through existing credit facilities .. Cumulative impact of this and other acquisitions on Randstad's revenue will be 2 billion euros ($2.22 billion) on an annualized basis .. Randstad will now reduce the pace of M&A in the medium term to around 100 million euros ..Wells Fargo Securities is exclusive financial adviser to Randstad and Jones Day is serving as legal counsel. Evercore Group is serving as exclusive financial advisor to Monster and Dechert LLP is serving as legal counsel..  Full Article

Randstad Holding to acquire Monster Worldwide
Tuesday, 9 Aug 2016 

Randstad Holding NV : Randstad to acquire Monster Worldwide Inc to transform the way people and jobs connect . Randstad will pay $3.40 per share in cash, or a total purchase price of approximately $429 million . Consideration represents a 22.7 pct premium to monster's closing stock price on August 8, 2016 . Purchase price implies an enterprise value to LTM 6/30/2016 adjusted EBITA multiple of 8.9x (excluding stock based compensation) . Randstad has agreed to commence a tender offer, through a wholly-owned subsidiary, to acquire all of outstanding shares of monster common stock . Transaction is expected to be immediately accretive to Randstad earnings per share . Randstad intends to finance acquisition through its existing credit facilities . Wells Fargo securities serving as exclusive financial advisor to Randstad, Evercore group for Monster .Merger expected to be completed in Q4 of 2016, subject to regulatory approvals.  Full Article

Randstad Holding Q2 results in line with estimates
Tuesday, 26 Jul 2016 

Randstad Holding NV : Q2 revenue 5.11 billion euros ($5.62 billion) versus 5.13 billion euros in Reuters poll . Q2 revenue in the Netherlands 801.3 million euros versus 751.2 million euros year ago . Q2 underlying EBITA 239.7 million euros versus 237 million euros in Reuters poll . Q2 adjusted net profit 170.9 million euros versus 170 million euros in Reuters poll . Q2 adjusted net profit up 12 pct . The development of volumes in early July indicate a continuation of the Q2 growth rate .For Q3, operating expenses are expected to remain stable sequentially on an organic basis.  Full Article

UPDATE 2-Adecco Group's shares fall as profits miss expectations

* Shares fall more than 6 pct (Adds CEO quotes, details and market reaction)