Randstad Q3 profit boosted by better market conditions

-Randstad, the world's largest employment agency, on Tuesday reported quarterly profit slightly above expectations as trading conditions stabilized across some of its markets despite a challenging macroeconomic environment.

"We have continued to focus on execution and operational discipline, balancing field capacity with strategic investments," CEO Sander van‘t Noordende said in a statement. Quarterly revenue of 6.02 billion dropped 5.9% organically, a little more than the 5.6% decrease expected by analysts. Asked about the upcoming U.S. election, van‘t Noordende told Reuters:"getting the elections behind us is the most important thing", as Randstad's clients will benefit from clarity about the economic climate and"start adjusting their strategies."

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