Revenue of € 4,516 million; organic growth per working day +4.2%
Gross profit growth per working day +5.9%
Perm fees up 15% in Q3, highest level since 2008
US and the Netherlands continue to accelerate, while France and Germany have decelerated
Underlying EBITA increased by 14% to € 210 million, EBITA margin up from 4.2% to 4.7%
Net debt of € 661 million: leverage ratio of 0.9
Net income up 35% from € 84 million to € 113 million
"Revenue growth was stable this quarter but the underlying trends were different," says Jacques van den Broek, CEO of Randstad. "In the US and the Netherlands, markets are growing. Germany and France see growth slowing down. In several markets, our people are now keeping up with the market or beating it. Our growth rate in permanent placements is also quite encouraging. The attention to commercial activities is paying off. I'm inspired also by some great initiatives, such as our drive to find work for thousands of unemployed young people. All this, coupled with our continued focus on efficiency, will allow us to improve our performance further."
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%).