Randstad N.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
September 29, 2023
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Randstad N.V. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 6,260 million compared to EUR 7,054 million a year ago. Net income was EUR 170 million compared to EUR 230 million a year ago. Basic earnings per share from continuing operations was EUR 0.93 compared to EUR 1.25 a year ago. Diluted earnings per share from continuing operations was EUR 0.92 compared to EUR 1.24 a year ago.
For the nine months, sales was EUR 19,243 million compared to EUR 20,561 million a year ago. Net income was EUR 461 million compared to EUR 635 million a year ago. Basic earnings per share from continuing operations was EUR 2.5 compared to EUR 3.44 a year ago. Diluted earnings per share from continuing operations was EUR 2.48 compared to EUR 3.43 a year ago.
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. 
