Dutch recruiters faltering
29 August 2012
Analysts unimpressed
Analysts predict mixed results for two Dutch recruitment companies.
Randstad’s 7% fall in share price was excessive following its first-quarter results, according to experts at Van Lanschot Bankiers.
Randstad reported organic sales growth of 30% in Germany, 14% in the Netherlands, 16% in Belgium and 9% in the US. Operating profit rose 27% on last year to €67.7 million.
However, fortunes for Vedior don’t seem as promising. Analyst David Tailleur of Rabo Securities has downgraded Vedior from ‘outperform’ to ‘neutral’ after the company reported a disappointing 7% organic sales growth and a declining UK business in its second-quarter results.
