- Revenue of € 4,363 million; organic growth per working day -/-1.1%; September +0.6%
- Strong cost control, focus shifts to conversion of gross profit growth EBITA margin up from 3.7% to 4.2%, highest profitability since 2008
- Significant cash flow generation, net debt to € 790 million and leverage ratio from 2.2 to 1.2
- Net income up 22% to € 84 million
- Diluted EPS of € 0.65 per ordinary share, up 5%
- Jacques van den Broek to succeed Ben Noteboom as CEO, Chris Heutink nominated as member of the Executive Board (separate press release)
Message from the CEO
September saw a return to growth and we achieved the highest profitability since 2008. In Europe, an increasing number of countries now show growth. Iberia, the UK, Poland, Italy, Germany, Norway and Sweden are good examples. Elsewhere, Brazil continues to grow fast. The USG integration is on track, with Switzerland, Poland and Luxembourg completed, with a sucessful introduction of the Randstad brand in Austria. As announced before, during this quarter we launched new marketing campaigns in some of our larger markets. We face the future with confidence.
Analyst conference call
Today, at 10.00 CET Randstad Holding nv will host an analyst conference call. The dial-in number is +31 (0)20 796 52 13, or +44 (0)208 817 9301 for international participants. The confirmation code is 12055947. You can listen to the call through real-time audio webcast. The link is http://www.ir.randstad.com/presentations.cfm. A replay of the presentation and the Q&A will also be available on our website by the end of the day.
Attachments
about randstad
Randstad is a global talent leader with the vision to be the world’s most equitable and specialized talent company. As a partner for talent and through our four specializations - Operational, Professional, Digital and Enterprise - we provide clients with the high-quality, diverse and agile workforces that they need to succeed in a talent scarce world. We help people secure meaningful roles, develop relevant skills and find purpose and belonging in their workplace. Through the value we create, we are committed to a better and more sustainable future for all. Headquartered in the Netherlands, Randstad operates in 39 markets and has approximately 40,000 employees. In 2023, we supported 2 million talent to find work and generated a revenue of €25.4 billion. Randstad N.V. is listed on the Euronext Amsterdam. For more information, see www.randstad.com.
for more information
Elise Martin-Davies
+31 (0)6 1322 5136
press@randstad.com