highlights
- gross profit +11% YoY, enabled by our diverse portfolio.
- gross margin of 21.0%, up 110 bp YoY; driven by business mix and pricing discipline.
- EBITA margin up 10bp YoY; opex as % of revenue down by 50bp QoQ to 16.2%.
- strong growth in perm (+23%YoY) and RPO (+55% YoY), combined c. 21% of gross profit.
- acquisition of the Finite Group in Australia & New Zealand, specialist in technology recruitment and IT services.
- in early October, number of employees working marginally lower YoY.
"We have delivered another strong quarter, capturing profitable growth in Inhouse, Professionals, perm and RPO in all geographies." says CEO Sander van ‘t Noordende.
"While we have seen client activity moderate slightly, demand for talent remained solid in the quarter. Due to talent scarcity the relationship between employers and employees has changed significantly in recent years. In this new world of work, Randstad is increasingly the “partner of choice” for both talent and clients resulting in strong performance this quarter. We are pleased to have completed the acquisition of the Finite Group, which broadens our Technology proposition in Australia and New Zealand.
Whilst we are still vigilant to the elevated level of macroeconomic uncertainty we see in our markets, we are confident in our ability to navigate the current environment and remain laser focused on delivering for our talent and clients."
Attachments
third-quarter results 2022 vFINAL.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