investment case

1. our world - a major growth opportunity.

Randstad is the world’s largest talent company and a partner of choice to clients. We are committed to providing equitable opportunities to people from all backgrounds and help them remain relevant in the rapidly changing world of work. We have a deep understanding of the labor market and help our clients to create the high-quality, diverse and agile workforces they need to succeed. Our 46,000 employees around the world make a positive impact on society by helping people to realize their true potential throughout their working life.

2. a differentiated strategy.

Randstad's mission is to improve as many working lives as possible by helping people realize their true potential. With all stakeholders, our relationships are rooted in personal interactions and a mutual goal to succeed in one of the most important activities in people's lives: finding meaningful work. Randstad's strategy focuses on creating long-term value and a better future for all our stakeholders, knowing this also drives our growth, differentiates our business, and positions Randstad as a trusted advisor and partner. We focus strongly on building and enhancing a robust portfolio of services that is aligned with market needs. This helps to ensure that we are well-positioned as a company to continue to be the market leader.

3. creating sustainable long-term value for all our stakeholders.

We strive to deliver market leading growth through continuous and profitable market share gains. Our ambition is to win organically, complemented by opportunities to accelerate our portfolio development through bolt-on acquisitions. We strive to achieve an EBITA margin between 5% to 6% over time. We have a strong focus on return on invested capital, optimizing our Economic Value Add (EVA) by applying a disciplined investment approach. We strive to maintain a sound financial position by applying a disciplined risk management at all times.

4. focus on shareholder returns

Our financial objectives and capital allocation policy enable us to create sustainable long-term value for all our stakeholders. Simultaneously promoting the interests of all stakeholders is deeply embedded in our values, and we aim to safeguard this while also delivering attractive returns to our shareholders. Randstad's dividend policy is part of our overall capital allocation policy and consists of two elements:

the regular ordinary cash dividend. We aim for a flexible payout ratio of 40% to 50% of adjusted net income; we have set a conditional ordinary cash floor dividend of € 1.62 per share.
discretionary additional capital returns to shareholders in the event of a leverage ratio <1 (excluding lease liabilities).