Randstad beats profit estimates despite margin pressure
Randstad NV reported Q3 adjusted EBIT of €211M, beating estimates, with organic revenue growth of 3.9%. North America led with 9% YoY growth, while gross margin declined 60 bps to 17.8%. Free cash flow rose to €250M, and net debt decreased. The company expects mid-single digit organic revenue growth in Q4, with stable gross margin at 17.8%.
