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Andy Grobler

Andy Grobler

Director and equity research analyst at BNP Paribas

Tonbridge, GB

Andy Grobler is a Director and equity research analyst at BNP Paribas Exane, focusing on the European consumer and leisure sectors, with active coverage of companies such as D'Ieteren Group, for which he has issued outperform ratings and target price recommendations. He is recognized for his detailed sector insights and actionable investment recommendations, contributing to BNP Paribas Exane's respected market presence. Grobler's professional trajectory includes extensive experience in equity research, with a track record of providing valuation-driven analysis and maintaining high standards in client advisory services. He holds relevant industry certifications for securities research and is known for his rigorous analytical approach within European equities.

Andy Grobler's questions to ManpowerGroup (MAN) leadership

Question · Q2 2025

Andy Grobler of BNP Paribas inquired about client sentiment in Germany given upcoming fiscal spending, and asked if the company's back and front office system transformations are on track to deliver efficiencies by 2026.

Answer

Chairman & CEO Jonas Prising responded that German clients remain cautious, not expecting a material impact in 2025 but hopeful for 2026. Both Prising and EVP & CFO Jack McGinnis confirmed the technology transformations are on track, with nearly 65% of revenue on the back-office platform and 90% on the front-office platform, positioning them for expected benefits in 2026.

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