Dutch staffing giant Randstad on Tuesday reported underlying earnings slipping 4% in the second-quarter, slightly missing analyst forecasts due to a slowdown in Europe.
Earnings before interest, taxation and amortization fell to 277 million euros in the three months through June, with organic growth falling 1.7%.
Randstad CEO Jacques van den Broek told CNBC's "Squawk Box Europe" on Tuesday that the figures were directly linked to a slowdown in the automotive sector across major markets such as Germany, Belgium and the Netherlands.on Tuesday reported underlying earnings slipping 4% in the second-quarter, slightly missing analyst forecasts due to a slowdown in Europe.
Earnings before interest, taxation and amortization fell to 277 million euros in the three months through June, with organic growth falling 1.7%. Analysts polled by Randstad had projected EBITA of 281 million euros, below the restated 288 million euros over the same period last year. Randstad CEO Jacques van den Broek told CNBC's "Squawk Box Europe" on Tuesday that the figures were directly linked to a slowdown in the automotive sector across major markets such as Germany, Belgium and the Netherlands.
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