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Randstad Holding NV (RAND.AS)

RAND.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Randstad Holding Q4 adjusted net income rises to 202.7 million euros
Tuesday, 14 Feb 2017 01:24am EST 

Randstad Holding NV : Q4 revenue 5.53 billion euros versus 5.37 billion euros in reuters poll . Topline growth accelerated in europe and rest of the world, remained positive in north america . Q4 underlying EBITA 268 million euros versus 256 million euros in reuters poll . Q4 gross margin 20.0 pct (excluding. monster: 18.8 pct, down 10bp yoy); perm fees up 4 pct . Proposed all-cash dividend of 1.89 euros (up 13 pct); record high; dividend policy fine-tuned . Comfortable leverage ratio of 0.8 (versus. 0.2 last year) . Q4 adjusted net income (holders of ordinary shares) 202.7 million euros versus 174 million euros in reuters poll . Gross margin in Q1 2017 is expected to decline slightly year-on-year (on an organic basis) . Expects for Q1 2017 largely stable underlying operating expenses sequentially (on an organic basis) . Expects M&A activity to be limited in 2017 .In January, revenue grew by 5 pct−6 pct. Volumes in early February indicate a continuation of the trend..  Full Article

Randstad Holding's unit gains control of Ausy through cash tender offer
Wednesday, 25 Jan 2017 09:15am EST 

Randstad Holding NV : Randstad France, co's French unit, gains control of Ausy through successful cash tender offer . Randstad France to hold nearly 93 pct of outstanding Ausy shares .Ausy will become an operational subsidiary of co as of January 31, 2017.  Full Article

AMF approved Randstad France's voluntary takeover bid for Ausy
Thursday, 15 Dec 2016 03:00am EST 

Randstad Holding NV :Randstad France announced that its voluntary takeover bid for Ausy has been approved by the French Autorité des Marchés Financiers (AMF).  Full Article

Randstad extends tender offer to acquire Monster Worldwide
Friday, 23 Sep 2016 09:05am EDT 

Randstad Holding NV : Randstad extends tender offer to acquire monster worldwide to coordinate offer timing with EU regulatory review schedule .Offer is now scheduled to expire on October 28, 2016 at 12:00 midnight, New York City time.  Full Article

Monster issues open letter to stockholders
Wednesday, 24 Aug 2016 04:15pm EDT 

Monster Worldwide Inc : Issued an open letter to stockholders in response to Medianews Group, Inc.'s letter dated Friday, August 19, 2016 .Concluded that stockholders "would benefit from receiving a cash premium now and entered into an agreement with Randstad".  Full Article

Randstad to buy U.S. rival Monster for $429 million
Tuesday, 9 Aug 2016 01:36am EDT 

:. Recruitment company Randstad to buy job ads company Monster for $3.40 per share, a total of $429 million, or a 22.7 percent premium to Monster's closing price on Aug. 8 .. Monster will continue to operate as a separate entity under the Monster name .. Jacques van den Broek, CEO of Randstad: "With its industry leading technology platform and easy to use digital, social and mobile solutions, Monster is a natural complement to Randstad." .. Randstad will finance the acquisition through existing credit facilities .. Cumulative impact of this and other acquisitions on Randstad's revenue will be 2 billion euros ($2.22 billion) on an annualized basis .. Randstad will now reduce the pace of M&A in the medium term to around 100 million euros ..Wells Fargo Securities is exclusive financial adviser to Randstad and Jones Day is serving as legal counsel. Evercore Group is serving as exclusive financial advisor to Monster and Dechert LLP is serving as legal counsel..  Full Article

Randstad Holding to acquire Monster Worldwide
Tuesday, 9 Aug 2016 01:00am EDT 

Randstad Holding NV : Randstad to acquire Monster Worldwide Inc to transform the way people and jobs connect . Randstad will pay $3.40 per share in cash, or a total purchase price of approximately $429 million . Consideration represents a 22.7 pct premium to monster's closing stock price on August 8, 2016 . Purchase price implies an enterprise value to LTM 6/30/2016 adjusted EBITA multiple of 8.9x (excluding stock based compensation) . Randstad has agreed to commence a tender offer, through a wholly-owned subsidiary, to acquire all of outstanding shares of monster common stock . Transaction is expected to be immediately accretive to Randstad earnings per share . Randstad intends to finance acquisition through its existing credit facilities . Wells Fargo securities serving as exclusive financial advisor to Randstad, Evercore group for Monster .Merger expected to be completed in Q4 of 2016, subject to regulatory approvals.  Full Article

Randstad Holding Q2 results in line with estimates
Tuesday, 26 Jul 2016 01:22am EDT 

Randstad Holding NV : Q2 revenue 5.11 billion euros ($5.62 billion) versus 5.13 billion euros in Reuters poll . Q2 revenue in the Netherlands 801.3 million euros versus 751.2 million euros year ago . Q2 underlying EBITA 239.7 million euros versus 237 million euros in Reuters poll . Q2 adjusted net profit 170.9 million euros versus 170 million euros in Reuters poll . Q2 adjusted net profit up 12 pct . The development of volumes in early July indicate a continuation of the Q2 growth rate .For Q3, operating expenses are expected to remain stable sequentially on an organic basis.  Full Article

Randstad France to launch a voluntary takeover bid in cash on Ausy
Monday, 20 Jun 2016 02:46am EDT 

Ausy SA : Randstad France to launch a voluntary takeover bid in cash on Ausy . Randstad France offer for Ausy based on price 55.0 euros ($62.35) per share, 63.25 euros per ORNANE and 39.1 euros per BSAAR .Board unanimously supports friendly combination.  Full Article

Randstad Holding acquires Twago
Tuesday, 14 Jun 2016 02:32am EDT 

Randstad Holding NV :Acquires Twago to accelerate its talent strategies.  Full Article

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UPDATE 1-Randstad says Q4 boosted by Europe, sees strong start to 2017

* Sees only limited acquisition activity this year (Adds details, CFO comments)