Dutch staffing company Randstad third-quarter profit meets estimates

FILE PHOTO: The logo of personnel service provider Randstad is seen at an office building in Zurich, Switzerland October 2, 2018. REUTERS/Arnd Wiegmann/File Photo - Copyright Arnd Wiegmann(Reuters)

By Reuters

Published on 23/10/2018 - 08:04•Updated 24/04/2024 - 07:50

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AMSTERDAM (Reuters) - Randstad <RAND.AS>, the world's second-largest staffing company, on Tuesday posted a 4 percent rise in core earnings to 299 million euros (264.25 million pounds), in line with market forecasts.

Analysts polled by Randstad had expected average earnings before interest, taxes and amortisation (EBITA) of 292 million euros on sales worth 6.05 billion euros, or 3 percent higher.

Sales came in at just over 6 billion euros, slightly below the forecast, reflecting a slowdown in Europe that was also reported by its largest rival, Adecco <ADEN.S>.

(Reporting by Anthony Deutsch, Editing by Sherry Jacob-Phillips)

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