Investing.com -- Shares of Randstad NV rose on Tuesday after it posted third-quarter results that broadly aligned with market expectations.The company’s underlying EBITA came in at €196 million, matching the consensus forecast of €195 million. This result was achieved before factoring in €17 million in one-off charges, mainly related to integration and restructuring efforts.
North America and several European markets, including Germany and the Netherlands, improved modestly compared to Q2, signaling some stabilization. However, Randstad’s tight control over costs helped offset some of this pressure. Selling, General, and Administrative expenses were €989 million, below the consensus forecast of €1,003 million, thanks to a 4% reduction in headcount over the past year.
The company noted that volume trends in October remain stable compared to Q3. Randstad expects to benefit from easier comparisons in Q4, though the recent sale of its Monster business will weigh on results.
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