Randstad q2 underlying ebita at eur 67 mln, above expectations
Q2 2020 organic growth 25.2%. q2 gross margin 18.7%, down 130 bp yoy impacted by significant covid 19 effects and slowing perm. q2 free cash flow eur 530 m. revenue DEC line started to gradually ease into may and june in most of our geographies. june organic sales growth down 21%. sales volumes in in early july indicate further positive momentum. revenue DEC line in europe and us SOF tening through q2. q2 2020 underlying ebita 67 mln . q2 2020 ebita margin 1.5%. q2 revenue eur 4.44 billion versus eur 3.99 billion seen in company compiled poll. q2 ebita eur 34 million versus eur 269 million year ago. q2 net loss eur 57 million versus profit eur 166 million year ago. we are aiming for a recovery ratio of 50% over time. for q3 2020, we expect a recovery ratio of 30% 40%. there will be a positive 0.1 working day impact in q3 2020.