- revenue of € 5,872 million; organic growth +9.0%; gross profit up 7.7%
- topline grew 11% in Europe, stable in North America and 10% in Rest of the world
- gross margin 20.1%; pricing climate stable; perm fees up 10%
- organic opex up 5% (Q2 2017: +5%); underlying ICR > 40%
- underlying EBITA of € 288 million; EBITA margin 4.9% (including -/- 50bp digital investments and working day impact)
- new brand promise 'Human Forward' successfully launched globally
- digital initiatives in full swing; Capital Markets Day in London on November 21, 2017
- volumes in early October broadly indicate a continuation of the Q3 trend
- Monster: key strategic initiatives underway; cost optimization program implemented
"Our organic sales growth remained robust in Q3, despite tougher comparisons versus Q2", says Randstad CEO Jacques van den Broek. "Strong momentum in Europe continued supported by our digital initiatives, while growth in our North American business remained stable when adjusted for the hurricane impact. Meanwhile, we launched our new brand positioning which is centered around our Tech & Touch strategy. We apply digital innovations to improve our services. To make processes smart, simple, and efficient. To get better insights, based on data. At the same time, we recognize these efficiencies for what they are: a means to an end. A means to free up our people to focus on our most important asset – the personal connection. Therefore I am very proud to announce our brand promise: Human Forward.''
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about randstad
Randstad is a global talent leader with the vision to be the world’s most equitable and specialized talent company. As a partner for talent and through our four specializations - Operational, Professional, Digital and Enterprise - we provide clients with the high-quality, diverse and agile workforces that they need to succeed in a talent scarce world. We help people secure meaningful roles, develop relevant skills and find purpose and belonging in their workplace. Through the value we create, we are committed to a better and more sustainable future for all. Headquartered in the Netherlands, Randstad operates in 39 markets and has approximately 40,000 employees. In 2023, we supported 2 million talent to find work and generated a revenue of €25.4 billion. Randstad N.V. is listed on the Euronext Amsterdam. For more information, see www.randstad.com.
for more information
Elise Martin-Davies
+31 (0)6 1322 5136
press@randstad.com