highlights
- Q2 2022 organic growth: 9.1%
- Q2 2022 underlying EBITA: € 308m
- Q2 2022 EBITA margin: 4.5%
- continued portfolio diversification and targeted investments leading to 17% YoY growth in gross profit.
- strong performance in perm (+38% YoY) and RPO (+108% YoY), combined c.21% of gross profit.
- gross margin of 21.2%, up 170 bp YoY; driven by business mix and pricing discipline.
- acquisition of Side, a French specialist in online recruitment and digital staffing solutions.
- EBITA margin up 20bp YoY.
- in early July, trends broadly in line with Q2 2022, reflecting current market dynamics.
Sander van ‘t Noordende, CEO of Randstad, said: “We have delivered a strong performance in the second quarter, with group revenues reaching record levels with solid profitability. Revenue growth was broad based and particularly strong in our perm and RPO businesses, resulting in an excellent gross margin.
The global labor market remains dynamic with a combination of strong demand and talent scarcity. We continue to evolve our offering to talent and clients, with targeted growth investments and bolt-on M&A such as our acquisition of Side, the French digital staffing platform.
Although we remain cautious as visibility remains limited, Randstad is well positioned to respond quickly and effectively amidst an unprecedented macro environment, through our diverse portfolio, our scale and data insights, and high operational adaptability and flexibility.
We are also looking forward to welcoming Cees 't Hart to our Supervisory Board, pending shareholder approval.”
Attachments
second-quarter results 2022 final version - 26th July 2022.pdf
for more information
Bisera Grubesic - Director Investor Relations
bisera.grubesic@randstad.com or +31 6 2088 2592
Akshay Lachmandas - Investor Relations Officer
akshay.lachmandas@randstad.com or +31 6 2692 8529
Elise Martin Davies - Global Media Relations Lead
elise.martin-davies@randstad.com or +31 6 1322 5136
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