Revenue of € 4,702 million; organic growth +5.0%; gross profit up 3.8%
Topline grew 6% in Europe, +3% in North America and +5% in Rest of the world
Gross margin stable YoY at 18.4%; perm fees up 6.6%, now 11.5% of gross profit (vs. 11.3% last year)
Underlying EBITA of € 168.9 million (+10% organically); EBITA margin up 10 bp to 3.6%; L4Q ICR of 51%
Adjusted net income up 35% to € 123 million; ROIC at 19.5% (vs. 14.9% last year)
DSO improved to 50.8 (from 51.5 in Q1 2015); leverage ratio of 0.3 (vs. 0.5 last year)
Proffice acquisition consolidated as of February 4, 2016
L4Q EBITA margin of 4.5% (+30 bp YoY)
Randstad Award conducted in 25 countries, surveying 5,000 companies
'Despite global economic uncertainty we again achieved mid-single-digit growth and a >50% incremental conversion rate. Our growth rate and outperformance in France, both in staffing and in permanent placements, and the increasing growth in Germany, are signs of improving conditions in Europe.' says Randstad CEO Jacques van den Broek 'Our M&A activity has led to the consolidation of the Proffice figures in the Nordics, and RiseSmart showed good growth in the US Career Transition market, proving the value of new and disruptive business models driven by technology.'
For the full press release, click here.
For more information, please contact: Machteld Merens/Arun Rambocus, telephone: +31 (0)20 569 56 23
Randstad Holding NV issued this content on 26 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2016 05:22:14 UTC
Original Document: http://www.ir.randstad.com/news-and-events/press-releases/pr-2016/2016-04-26.aspx
Randstad N.V. is the world's No. 1 of human resources services. Net sales break down by activity as follows:
- generalist staff placement outside the classic sectors (45.4%): primarily administrative, light industry, logistics staff, etc.;
- generalist staff placement from onsite agencies (25.3%): primarily for clients in the consumer goods, automotive, life sciences and other industries;
- specialized staff placement (23.8%): primarily high-level and experienced professionals in the fields of IT, engineering, business, health, etc. In addition, the group offers services for the permanent staff of its clients (outplacement services, reintegration and salary management);
- other (5.5%).
At the end of 2023, the group had 2,761 branches worldwide.
Net sales are distributed geographically as follows: the Netherlands (12.7%), the United States (18.8%), France (15.1%), Italy (8.5%), Germany (7.4%), Belgium (6%), Spain (5%), Australia (4.6%), the United Kingdom (4.3%), Japan (3.2%), Canada (2.3%), Switzerland (1.9%), India (1.5%), Portugal (1.3%), Poland (1.2%), Sweden (1.2%) and other (5%).
RANDSTAD N.V. 
