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

Randstad NV Removes Proposal For Dividend Payments as Precaution Amidst Coronavirus Outbreak Call Transcript

Mar 23, 2020 / 10:00AM GMT

Release Date Price: €28.55 (-6.85%)

Transcript

Operator

Good morning, ladies and gentlemen, thank you for holding. And welcome to the analyst call. (Operator Instructions)

I would like to hand over the conference to Jacques van den Broek. Go ahead.

Jacques van den Broek

Randstad N.V. - Chairman of the Executive Board & CEO

Yes. Thank you, Robert. Good morning, everybody. Yes, we issued a press release, and I would like to make some remarks to -- well, maybe not so much clarify, but give you a little bit of color why we took this decision.

Roughly 6 weeks ago, we closed the year, and of course, we looked at what about capital allocation. We also shared with you when we presented Q4, the outlook for Q1, which of course, was, as you know, also negative, but January and February and even the first half of March, turned out to be pretty much in line with that outlook. But then, of course, Corona hit, and we were faced with some very disturbing almost developments in countries.

First of all, from a human, from a health point of view, secondly, from an economic point of view. And we

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