highlights
- FY 2021 proposed total cash dividend per share: € 5.00
- Q4 2021 organic growth: 16.3%
- Q4 2021 EBITA margin: 5.0%
- group revenue up 12% vs Q4 2019, underpinned by strength of portfolio; perm revenue +69% YoY, RPO +153% YoY.
- ROIC of 16.8%, up 640bp YoY, reflecting strong improvement in EBITA and efficient working capital management.
- Q4 2021 gross margin of 20.4%, up 90bp YoY; Q4 2021 EBITA margin up 40bp YoY; Full year ICR of 44%.
- market-leading growth, continued outperformance in the majority of our markets.
- acquisition of Hudson Benelux, market leader in high-value HR consulting and retained recruitment.
- January organic revenue growth YoY broadly in line with Q4 2021; continuing positive momentum.
“We can look back on 2021 and be proud of what we have accomplished. Our positive momentum continued, allowing us to finish the year with record revenue, up 20% YoY and 5% ahead of 2019,” says CEO Jacques van den Broek. “As a result of our continued organic investments through #newways, we saw growth outperformance at unprecedented levels and generated a strong return on invested capital of 16.8% for the year.
We delivered strong sector and regional performances across our portfolio, with market outperformance in the majority of our markets and significant growth in Perm and RPO. Talent scarcity and mismatches in the labor market remain the biggest challenges for our clients and we see that the traditional recruitment process is changing. However, by combining our advancing digital capabilities, with our data and passion for people, we continue to be able to meet demand and find the right talent for our clients at pace. We will continue to focus on seeing the possible in people, empowering them to realize their full potential.
This year, we welcomed thousands of new colleagues - both virtually and more recently back in our branches - and I would like to thank them, and all our colleagues around the world for their enthusiasm, commitment and dedication which resulted in our strong performance. Although we must still exercise caution while pandemic-related instabilities and limited visibility remain, we come out of 2021 in a strong position with demonstrable ongoing momentum across our portfolio. In line with our existing capital allocation policy, we propose to our shareholders a total cash dividend of € 5.00 per ordinary share for 2021, which consists of a regular dividend of € 2.19 per ordinary share, and a special cash dividend of € 2.81 per ordinary share.”
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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