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Randstad second-quarter earnings slightly miss forecasts as Europe slows

Randstad second-quarter earnings slightly miss forecasts as Europe slows
FILE PHOTO: The logo of personnel service provider Randstad is seen at an office building in Zurich, Switzerland October 2, 2018. REUTERS/Arnd Wiegmann -
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ARND WIEGMANN(Reuters)
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AMSTERDAM (Reuters) – Netherlands-based staffing group Randstad <RAND.AS> on Tuesday said its underlying earnings slipped 4% in the second quarter, slightly below analyst forecasts, due to a slowdown in Europe.

Earnings before interest, taxation and amortization (EBITA) fell to 277 million euros (£249 million) in the three months through June.

Analysts polled by Randstad had on average forecast EBITA of 281 million euros, slightly lower than a restated 288 million euros in the same quarter a year earlier.

(Reporting by Anthony Deutsch; Editing by Subhranshu Sahu)

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