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Randstad: Oddo confirms rating after results

(CercleFinance.com) - Randstad has announced Q4 results that were overall exceeded expectations, with organic growth of 8.
7% (vs. 7.7% expected by Oddo and 7.3% by the consensus). The gross margin is in line with Oddo's expectations at 20.1%. Adjusted net income, group share, came in 6% above the consensus.

Following this publication, analysts confirmed their buy rating on the stock, along with their target price of 65 euros.

Oddo underlines that the good news comes from Monster's EBITA becoming positive over the quarter.

The broker also says that the outlook still looks upbeat in Europe, after a solid performance in Q4 (+11%, in line with Q3, despite an unfavourable comparison basis), while North America is showing no signs of slowing down.

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