Brunel International NV
AEX:BRNL
Brunel International NV
Brunel International NV engages in the provision of secondment, project management, recruitment, and consultancy services. The company is headquartered in Amsterdam, Noord-Holland and currently employs 12,246 full-time employees. The firm is a provider of staffing and placement services primarily in the segments, such as Engineering, Energy, Information and Communications Technology (ICT). The company offers staffing, project management, recruitment and consultancy services. The firm concentrates its activities on such markets as mining, utilities, biotechnology, finance, automotive, shipbuilding, electronics, aerospace, building and construction, rail, among others. The company operates over 100 branches in such countries as Angola, Azerbaijan, Chad, the Czech Republic, Russia, among others and provides its services to customers in over 40 countries worldwide.
Brunel International NV engages in the provision of secondment, project management, recruitment, and consultancy services. The company is headquartered in Amsterdam, Noord-Holland and currently employs 12,246 full-time employees. The firm is a provider of staffing and placement services primarily in the segments, such as Engineering, Energy, Information and Communications Technology (ICT). The company offers staffing, project management, recruitment and consultancy services. The firm concentrates its activities on such markets as mining, utilities, biotechnology, finance, automotive, shipbuilding, electronics, aerospace, building and construction, rail, among others. The company operates over 100 branches in such countries as Angola, Azerbaijan, Chad, the Czech Republic, Russia, among others and provides its services to customers in over 40 countries worldwide.
Revenue Trend: Revenue declined 10% year-on-year in Q4, but the organic decline improved to 4% from 7% in Q3, indicating stabilization.
Profitability: Profitability remained under pressure, with Q4 profitability down 15% organically, though this is a smaller decline than in previous quarters.
Cost Savings: The company completed its announced EUR 10 million cost-saving program and initiated an additional EUR 10 million in Q4, with over half of the new savings to be reinvested in business development.
AI Rollout: Successfully completed an AI pilot for recruitment and matching in Germany, now being rolled out to additional regions to improve speed and efficiency.
Dividend: A total dividend of EUR 0.35 per share (including a super dividend) is proposed, with the company aiming to maintain its dividend policy going forward.
Regional Performance: Middle East and Asia showed organic growth and margin improvement, while Europe, the Netherlands, and Australasia continued to face challenges.
Outlook: Management is cautiously optimistic for the rest of 2026, expecting a return to the EUR 300 million quarterly revenue run rate, especially supported by a strong start in Germany.
