Earnings

Randstad Q4 profit beats estimates on upbeat European job market

Key Points
  • The world's second-largest staffing company, said on Tuesday its fourth-quarter core profit rose 15 percent
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Seeing lower wage inflation in Europe than expected: Randstad CFO

Randstad, the world's second-largest staffing company, said on Tuesday its fourth-quarter core profit rose 15 percent to 307 million euros ($378.3 million), buoyed by a strong recovery in the
European job markets.

Analysts polled for Reuters on average expected underlying earnings before interest, taxation and amortization (EBITA) of 293 million euros.

The company's sales growth of 8 percent to 5.98 billion euros was slightly better than expected.

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