analyst consensus

Q1 2021

€ mln Q1 2021E Q2 2021E Q3 2021E Q4 2021E FY 2021E FY 2022E
revenue 5,441 5,447 5,730 6,021 22,528 23,808
reported growth YoY 0.5% 22.8% 10.7% 5.8% 8.7% 5.7%
organic growth per working day YoY 3.9% 24.8% 11.3% 5.6% 10.1% 5.7%
gross profit 1,042 1,064 1,116 1,190 4,395 4,713
gross margin 19.2% 19.5% 19.5% 19.8% 19.5% 19.8%
operating expenses (before amortization / one-offs) 851 858 870 902 3,472 3,629
EBITA (before one-offs) 191 206 246 287 923 1,084
EBITA margin 3.5% 3.8% 4.3% 4.8% 4.1% 4.6%
net income (before amortization / one-offs) 138 154 176 192 655 774
EPS (before amortization / one-offs) € 0.75 0.84 0.95 1.04 3.55 4.19

* consensus based on averages

updated and published on April 8, 2021

  • Q1 2021: 11 analysts participated; Q2/Q3/Q4 2021: 8 analysts participated
  • FY 2021: 10 analysts participated
  • FY 2022: 10 analysts participated
  • range Q1 2021 EBITA estimate: 208m highest, 170m lowest



IFRS 16

restated comparable tables

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

download the tables.