Randstad Q1 2026 EBIT Down 13%

Randstad posted adjusted EBIT of €146 million in Q1 2026, 13% lower YoY but 2% above consensus.
Adjusted EBIT margin fell to 2.6%, a 30‑basis‑point decline, while gross profit margin slipped 80 bps to 18.5%.
Organic revenue grew 0.4% YoY, reversing a 2.1% Q4 decline and beating expectations of a 0.4% contraction.
Free cash flow turned negative €98 million due to €121 million working‑capital outflow; net debt rose to €1.12 billion (1.5× leverage).