Highlights Q3 2016
- Revenue of € 5,349 million; organic growth +4.2%; gross profit up 3.3%
- Topline grew 5% in Europe, 1% In North America and 8% in Rest of the world
- Gross margin down 10bp YoY to 18.7%; perm fees up 7%
- Underlying EBITA of € 271 million; EBITA margin up 10bp to 5.1%; organic L4Q ICR of 53%
- Adjusted net income up 12% to € 193 million; ROIC at 18.0%
- Leverage ratio of 0.6 compared to 0.5 last year
- L4Q EBITA margin of 4.6% (+20bp YoY)
- Volumes in October so far indicate a continuation of the trend
- Obiettivo Lavoro (Italy), Careo (Japan) and twago (Germany ) acquisitions consolidated in Q3
"In Q3, growth trends were resilient across all regions, which appears to be continuing into October," says Randstad CEO Jacques van den Broek. "I am happy with the solid performance across our countries, while this year we welcomed more than 1,300 new colleagues in Scandinavia, Italy, Japan and Germany. We look forward to harnessing the full potential of our corporate development. I wish my colleagues all the success in this process."