Randstad N.V., the global leader in the HR services industry, is today hosting its Analyst Seminar in London. Senior management will provide an update on the progress and results of digital initiatives and differentiating long-term strategy, and on how Randstad aims to secure competitive and profitable organic sales growth. By capitalizing on its diversified portfolio and leading geographical presence, the company is in an excellent position to deliver resilient free cash flow and attractive shareholder returns.
In particular, Randstad sees major growth opportunities in the Enterprise segment, supporting large multinational accounts in their total talent journey. These clients will benefit from Randstad’s increasing and unique access to relevant data and local labor market knowledge. At the same time, Randstad provides its talents with increasingly data-driven support throughout their working lives. This is captured in the Human Forward promises, which will fuel the Randstad brand on the journey towards its ultimate goal: to touch the work lives of 500 million people worldwide by 2030.
financial highlights analyst seminar:
- Ambition to gain further market share, driven by our digital initiatives and differentiating long-term strategy.
- We are creating capacity for competitive and profitable growth, by identifying € 120 million cost savings by 2021. This primarily relates to productivity gains and general benchmarking; to be selectively invested in strategic initiatives.
- Trading conditions in October and November are broadly in line with Q3 2019.
- We maintain our ambition to protect our EBITA margin YoY for FY 2019.
- We project a pre-IFRS 16 leverage ratio of around 0.7 for 2019, driven by our strong FY 2019 FCF outlook. We reiterate our capital allocation policy.
audio webcast
Today at 09.00 am GMT (10.00 am CET) Randstad N.V. will host its Analyst Seminar in London of which the presentations of Jacques van den Broek (CEO) and Henry Schirmer (CFO) will be webcast live. Both presentations and a replay of the webcast will be available on our website.
The link is: https://www.randstad.com/investor-relations/
for more information
David Tailleur
+31 6 1246 2133
david.tailleur@randstad.com
Steven Vriesendorp
+31 6 2692 8529
steven.vriesendorp@randstad.com
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