Randstad NV (WBO:RAND)

€ 39.81 0.34 (0.86%) Market Cap: 7.01 Bil Enterprise Value: 8.39 Bil PE Ratio: 16.15 PB Ratio: 1.66 GF Score: 69/100

Q1 2019 Randstad NV Earnings Call Transcript

Apr 24, 2019 / 07:00AM GMT

Release Date Price: €51.46 (+3.79%)

Transcript

Operator

Hello and welcome to the Randstad first quarter 2019 results.

My name is Molly, and I'll be your coordinator for today's event. (Operator Instructions)

I will now hand you over to your host, CEO Jacques van den Broek, to begin today's conference. Thank you.

Jacques van den Broek

Randstad NV - CEO & Chairman of the Executive Board

Yes. Thank you very much. Good morning, everybody. Another quarter, the first quarter of 2019. Good to talk to you all.

I'm here in the room with Henry Schirmer and David and Steven from IR and Ingrid Pouw from communications to answer all your questions after the presentation.

So let's dive right in and start on Slide 6. What we indicated in Q4, when we presented those numbers, was that our feeling was that, yes, the slowdown was more of a pause than sliding into recession. And that's actually what we're seeing in Q1. So markets in Europe are bouncing back slightly. The U.S. has -- for a long time already is quite robust. And our Rest of the world continues its great performance with a

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