analyst consensus
Q4 2023
-
revenue
- € mln revenue
- Q1 2024E 5,884
- Q2 2024E 6,182
- Q3 2024E 6,286
- Q4 2024E 6,352
- FY 2024E 24,518
- FY 2025E 25,901
-
reported growth YoY
- € mln reported growth YoY
- Q1 2024E -9.6%
- Q2 2024E -4.4%
- Q3 2024E 0.4%
- Q4 2024E 2.6%
- FY 2024E -2.7%
- FY 2025E 4.8%
-
organic growth per working day YoY
- € mln organic growth per working day YoY
- Q1 2024E -8.3%
- Q2 2024E -5.2%
- Q3 2024E -1.0%
- Q4 2024E 1.8%
- FY 2024E -3.2%
- FY 2025E 4.9%
-
gross profit
- € mln gross profit
- Q1 2024E 1,201
- Q2 2024E 1,265
- Q3 2024E 1,288
- Q4 2024E 1,310
- FY 2024E 5,066
- FY 2025E 5,350
-
gross margin
- € mln gross margin
- Q1 2024E 20.4%
- Q2 2024E 20.5%
- Q3 2024E 20.5%
- Q4 2024E 20.6%
- FY 2024E 20.7%
- FY 2025E 20.7%
-
operating expenses (before amortization / one-offs)
- € mln operating expenses (before amortization / one-offs)
- Q1 2024E 1,020
- Q2 2024E 1,027
- Q3 2024E 1,029
- Q4 2024E 1,032
- FY 2024E 4,111
- FY 2025E 4,239
-
EBITA (before one-offs)
- € mln EBITA (before one-offs)
- Q1 2024E 181
- Q2 2024E 238
- Q3 2024E 259
- Q4 2024E 278
- FY 2024E 955
- FY 2025E 1,111
-
EBITA margin
- € mln EBITA margin
- Q1 2024E 3.1%
- Q2 2024E 3.8%
- Q3 2024E 4.1%
- Q4 2024E 4.4%
- FY 2024E 3.9%
- FY 2025E 4.3%
-
net income (before amortization / one-offs)
- € mln net income (before amortization / one-offs)
- Q1 2024E 122
- Q2 2024E 164
- Q3 2024E 181
- Q4 2024E 190
- FY 2024E 659
- FY 2025E 776
-
EPS (before amortization / one-offs, diluted) €
- € mln EPS (before amortization / one-offs, diluted) €
- Q1 2024E 0.69
- Q2 2024E 0.93
- Q3 2024E 1.03
- Q4 2024E 1.08
- FY 2024E 3.74
- FY 2025E 4.42
| € mln | Q1 2024E | Q2 2024E | Q3 2024E | Q4 2024E | FY 2024E | FY 2025E |
|---|---|---|---|---|---|---|
|
revenue
|
5,884
|
6,182
|
6,286
|
6,352
|
24,518
|
25,901
|
|
reported growth YoY
|
-9.6%
|
-4.4%
|
0.4%
|
2.6%
|
-2.7%
|
4.8%
|
|
organic growth per working day YoY
|
-8.3%
|
-5.2%
|
-1.0%
|
1.8%
|
-3.2%
|
4.9%
|
|
gross profit
|
1,201
|
1,265
|
1,288
|
1,310
|
5,066
|
5,350
|
|
gross margin
|
20.4%
|
20.5%
|
20.5%
|
20.6%
|
20.7%
|
20.7%
|
|
operating expenses (before amortization / one-offs)
|
1,020
|
1,027
|
1,029
|
1,032
|
4,111
|
4,239
|
|
EBITA (before one-offs)
|
181
|
238
|
259
|
278
|
955
|
1,111
|
|
EBITA margin
|
3.1%
|
3.8%
|
4.1%
|
4.4%
|
3.9%
|
4.3%
|
|
net income (before amortization / one-offs)
|
122
|
164
|
181
|
190
|
659
|
776
|
|
EPS (before amortization / one-offs, diluted) €
|
0.69
|
0.93
|
1.03
|
1.08
|
3.74
|
4.42
|
* consensus based on averages
updated and published on April 11th, 2024
- Q1 2024 & FY 2024: 13 analysts participated
- FY 2025: 11 analysts participated
- range Q1 2024 EBITA estimate: 192m highest, 175m lowest
IFRS 16
restated comparable tables
Randstad published restated comparable 2018 results for the IFRS 16 accounting change.