Prior to each closed period, Randstad hosts calls with the financial community to facilitate the consensus process. In compliance with the Market Abuse Regulation (MAR) and ESMA’s best practice guidance no share price sensitive information is provided and reference is only made to publicly available information. For example recent earnings and outlook, macro and market data.

The calls were held on March 25th, 2025.

Investors can contact investor.relations@randstad.com.

analyst consensus

Q1 2025

€ mln Q1 2025E Q2 2025E Q3 2025E Q4 2025E FY 2025E FY 2026E
revenue
5,632
5,907
6,040
6,280
23,837
24,861
reported growth YoY
-5.1%
-2.7%
0.3%
3.4%
-1.2%
3.7%
organic growth per working day YoY
-4.7%
-2.7%
0.1%
2.5%
-1.2%
3.5%
gross profit
1,073
1,132
1,166
1,214
4,582
4,852
gross margin
19.1%
19.2%
19.3%
19.3%
19.2%
19.5%
operating expenses (before amortization / one-offs)
920
944
958
986
3,805
3,939
EBITA (before one-offs)
153
188
208
227
777
913
EBITA margin
2.7%
3.2%
3.4%
3.6%
3.3%
3.7%
net income (before amortization / one-offs)
96
121
135
150
502
591
EPS (before amortization / one-offs, diluted) €
0.54
0.69
0.77
0.85
2.84
3.35
  • Consensus is calculated by taking the simple average of the constituent analyst forecasts.
  • Each line is calculated independently, they may not be consistent with each other.
  • All figures exclude exceptional items.

updated and published on April 9th, 2025.

  • Q1 2025: 13 analysts participated
  • FY 2025: 12 analysts participated
  • FY 2026: 11 analysts participated
  • range Q1 2025 EBITA estimate: 163m highest, 145m lowest

Disclaimer:

Randstad wishes to emphasize that the consensus estimate figures set out above are solely based on opinions, forecasts, estimates, projections and predictions regarding Randstad’s performance made by the external analysts. These consensus estimate figures do not in any way represent the opinions, forecasts, estimates, projections or predictions of Randstad or its management. Randstad does not express any opinion in respect of the analysts’ opinions, forecast, estimates projections and predictions, and does not by providing these consensus estimate figures imply, and expressly disclaims, any endorsement of or concurrence with any information, estimates, forecasts, opinions, conclusions or recommendations made or provided by such analysts. Randstad assumes no liability for the accuracy of such estimates and undertakes no obligation to update or revise such estimates.

IFRS 16

restated comparable tables

Randstad published restated comparable 2018 results for the IFRS 16 accounting change.

download the tables.