- Revenue of € 4,496 million; organic growth +3.4%; January +6.5%
- Topline accelerated in North America and Rest of the world; Europe grew at a lower pace
- Gross profit grew by +5.1% organically in Q4; January +8.8%
- Perm fees up 21% in Q4; +30bp gross margin impact
- Underlying EBITA increased organically by 25% to € 199 million; underlying EBITA margin up from 3.7% to 4.4%
- Net debt of € 422 million; leverage ratio of 0.5
- Net income up 44% from € 54 million to € 78 million
- Incremental conversion ratio of 96% in Q4 (FY: 77%)
- Proposed dividend of € 1.29 (up 36%); record high ;50% payout;
"2014 was a successful year, especially with accelerating growth in North America and the Netherlands, and stable overall trends in Q4. The growth in January 2015 is also encouraging, especially as France seems to improve," says Jacques van den Broek, CEO of Randstad. "Our growth rate in permanent placements remains solid and the attention to commercial activities is paying off. A job well done by our people across the globe. I trust that we will be able to further improve as a company, and we are in excellent shape to face any future challenges."
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%).