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The Dutch staff giant, Randstad, announced Tuesday a decline in underlying profit of 4% in the second quarter, slightly below badysts' forecasts due to the slowdown in Europe.
Earnings before interest, taxes, depreciation and amortization (EBITA) decreased to € 277 million ($ 309.91 million) in the quarter ended June, with organic growth declining 1 percent. , 7%.
Analysts surveyed by Randstad forecast EBITA of 281 million euros, lower than the 288 million euros retired compared to the same period last year.
Randstad CEO Jacques van den Broek told CNBC's "Squawk Box Europe" on Tuesday that these figures were directly related to the slowdown in the auto sector in key markets such as Germany. , Belgium and the Netherlands.
"You see that -1.7% of our global growth and 1% can be directly related to the automotive and first and second tier suppliers," he said.
"There is definitely something that does not seem to be structural in the auto industry, but the trade wars, China and finally the lack of clarity about the future of diesel engines really gnaw this industry . "
However, van den Broek said the group was considering opportunities in Japan because of "labor market issues" such as "low female participation" and a reduced foreign labor force, should fuel growth, alongside South America and the rest of the world. the world.
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