• Q3 2021 organic growth: 20.7%
  • Q3 2021 underlying EBITA: € 298m
  • Q3 2021 EBITA margin: 4.7%
  • group revenue 5% above Q3 2019, utilizing full strength of portfolio and investments. perm +74% YoY, +15% vs. 2019.
  • Q3 2021 gross margin of 19.9%, up 100bp YoY; perm 60bp and temp 20bp positive impact YoY. 
  • Q3 2021 EBITA margin up 80bp YoY; L4Q ICR of 51%.
  • market-leading growth supported by diversified portfolio, continued outperformance in the US and France.
  • acquisition of Cella Inc. in the United States, a strong extension of our professional services offering.
  • September organic growth up 6% vs. 2019; volumes in early October indicate continued positive momentum.

“We continue to see strong momentum across our portfolio, with group revenues reaching record levels this quarter and surpassing Q3 2019 by 5%,” says CEO Jacques van den Broek. ”Our diversified portfolio and continued investment have enabled us to outperform in many geographies, with continued market outperformance in the US and France. As our markets reopen I have enjoyed having more opportunities to meet with clients and talent in person to discuss the opportunities and challenges posed by the current labor market.

It is clear that through our continued focus on people, underpinned by data and technology we are playing a key role in helping our clients manage their talent strategies and plan for the future. Recently we welcomed new employees through our acquisition of Cella Inc. in the United States. I would like to thank all our employees for their continued hard work and dedication which resulted in our strong performance.

Based on the strength of our performance in the first nine months of 2021, and September revenues being 6% higher than 2019, I am optimistic our continued positive momentum will persist for the remainder of the year, while still exercising caution as pandemic-related instabilities and limited visibility remain.

This morning, we also announced that I will step down as CEO and Chair of the Executive Board in March 2022. The Supervisory Board announced its intention to appoint Sander van 't Noordende as my successor and I look forward to working with him on the transition.”


watch our CEO’s video on this quarter’s news

for more information

Bisera Grubesic - Director Investor Relations

bisera.grubesic@randstad.com or +31 6 2088 2592

Akshay Lachmandas - Investor Relations Officer

akshay.lachmandas@randstad.com or +31 6 2692 8529

Elise Martin Davies - Global Media Relations Lead

elise.martin-davies@randstad.com or +31 6 1322 5136

about Randstad

Randstad is the global leader in the HR services industry. We support people and organizations in realizing their true potential by combining the power of today’s technology with our passion for people. We call it Human Forward. In 2020, we helped nearly two million candidates find a meaningful job with more than 236,000 clients. Furthermore, we trained close to 350,000 people. Randstad is active in 38 markets around the world and has a top-three position in almost half of these. In 2020, Randstad had on average 34,680 corporate employees and generated revenue of € 20.7 billion. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad N.V. is listed on the NYSE Euronext (symbol: RAND.AS). For more information, see www.randstad.com.