press releases 2014

Q3: stable revenue growth

30 October 2014

  • Revenue of € 4,516 million; organic growth per working day +4.2%
  • Gross profit growth per working day +5.9%
  • Perm fees up 15% in Q3, highest level since 2008
  • US and the Netherlands continue to accelerate, while France and Germany have decelerated
  • Underlying EBITA increased by 14% to € 210 million, EBITA margin up from 4.2% to 4.7%
  • Net debt of € 661 million: leverage ratio of 0.9
  • Net income up 35% from € 84 million to € 113 million

“Revenue growth was stable this quarter but the underlying trends were different,” says Jacques van den Broek, CEO of Randstad. “In the US and the Netherlands, markets are growing. Germany and France see growth slowing down. In several markets, our people are now keeping up with the market or beating it. Our growth rate in permanent placements is also quite encouraging. The attention to commercial activities is paying off. I’m inspired also by some great initiatives, such as our drive to find work for thousands of unemployed young people. All this, coupled with our continued focus on efficiency, will allow us to improve our performance further.”

Read the full press release

For more information, please contact: Machteld Merens/Arun Rambocus, telephone: +31 (0)20 569 56 23

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