trending Market Intelligence /marketintelligence/en/news-insights/trending/8hNrB-_rWdUpUBFrlHpmyA2 content esgSubNav
In This List

Randstad Holding profit misses consensus by 26.3% in Q4

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Randstad Holding profit misses consensus by 26.3% in Q4

Randstad Holding NV said its normalized net income for the fourth quarter amounted to 76 euro cents per share, compared with the S&P Capital IQ consensus estimate of €1.03 per share.

EPS climbed 5.3% year over year from 72 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €139.0 million, a gain of 5.2% from €132.2 million in the year-earlier period.

The normalized profit margin fell to 2.5% from 2.6% in the year-earlier period.

Total revenue rose 10.6% on an annual basis to €5.53 billion from €5.00 billion, and total operating expenses grew 10.8% from the prior-year period to €5.30 billion from €4.79 billion.

Reported net income decreased 13.6% from the prior-year period to €149.3 million, or 81 cents per share, from €172.8 million, or 94 cents per share.

For the year, the company's normalized net income totaled €2.76 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €3.64.

EPS rose from €2.31 in the prior year.

Normalized net income was €506.8 million, a gain from €423.6 million in the prior year.

Full-year total revenue increased year over year to €20.68 billion from €19.22 billion, and total operating expenses increased on an annual basis to €19.87 billion from €18.51 billion.

The company said reported net income rose on an annual basis to €575.3 million, or €3.13 per share, in the full year, from €505.9 million, or €2.76 per share.