analyst consensus

Q3 2020

€ mln Q1 2020A Q2 2020A Q3 2020E Q4 2020E FY 2020E FY 2021E
revenue 5,414 4,437 4,953 5,221 20,028 21,724
reported growth YoY -5.3% -25.5% -17.5% -12.9% -15.4% 8.5%
organic growth per working day YoY -7.4% -25.2% -16.8% -12.1% -15.4% 7.2%
gross profit 1,052 830 931 994 3,806 4,222
gross margin 19.4% 18.7% 18.8% 19.0% 19.0% 19.4%
operating expenses (before amortization / one-offs) 890 763 804 822 3,280 3,419
EBITA (before one-offs) 162 67 128 171 527 803
EBITA margin 3.0% 1.5% 2.6% 3.3% 2.6% 3.7%
net income (before amortization / one-offs) 106 63 86 109 362 562
EPS (before amortization / one-offs) € 0.58 0.34 0.47 0.59 1.97 3.06

* consensus based on averages

updated and published on 6 October 2020

  • Q3 2020: 11 analysts participated
  • Q4 2020: 10 analysts participated
  • FY 2020: 10 analysts participated
  • FY 2021: 10 analysts participated
  • range Q3 2020 EBITA estimate: 151m highest, 81m lowest



IFRS 16

restated comparable tables

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

download the tables.