Revenue of € 5,108 million; organic growth +3.1%; gross profit up 2.4%
Topline grew 4% in Europe, 0% in North America and 4% in the Rest of the world
Gross margin up 20bp YoY to 18.9%; perm fees up 11%
Underlying EBITA of € 240 million (+10%); EBITA margin up 20bp to 4.7%; L4Q ICR of 53%
Adjusted net income up 12% to € 170.9 million; ROIC at 17.9% (vs. 15.1% last year)
DSO improved to 50.7 (from 51.2 in Q2 2015); leverage ratio of 0.7
L4Q EBITA margin of 4.6% (+30bp YoY)
Acquisitions of Obiettivo Lavoro (Italy), Careo (Japan), and twago (digital) announced
M&A announced in H1 will add ~€ 1.5 billion in revenues (incl. Proffice and Ausy) on an annualized basis
'In Q2, growth continued in Europe, while revenue in the US stabilized; these trends appear to be continuing into July,' says Randstad CEO Jacques van den Broek. 'M&A activity has been high: with the acquisition of Obiettivo Lavoro, we have achieved a No. 2 position in the Italian market, while by acquiring the Careo Group, we have doubled our presence in Professionals in Tokyo. The acquisition of twago, a digital platform, enables us to take a big step in the freelance market.'
For the full press release, click here
For more information, please contact: Machteld Merens/Arun Rambocus, telephone: +31 (0)20 569 59 40
Randstad Holding NV published this content on 26 July 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 July 2016 05:26:01 UTC.
Original documenthttp://www.ir.randstad.com/news-and-events/press-releases/pr-2016/2016-07-26.aspx
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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. 
