Press releases

Q3: Solid profitable growth

29 October 2015

 

- Revenue of € 4,977 million; organic growth +5.4%; gross profit up 5.8%
- Topline growth broadly stable across most countries
- Gross margin up 30 bp to 18.8%; perm fees up 13%, now 10.5% of gross profit (vs. 9.8% last year)
- Underlying EBITA of € 249 million (+13% organically); EBITA margin up 30 bp to 5.0%; organic L4Q ICR of 59%
- Adjusted net income up 24% from € 139 million to € 172 million; ROIC at 8 year high of 16.2%
- DSO improved to 50.8 (from 52.0 in Q3 2014); leverage ratio of 0.5 compared to 0.9 last year
- Global MSP spend under management up 27%, RPO revenue up 24%
- Volumes in October so far indicate a continuation of the trend
- Randstad acquired RiseSmart, an outplacement innovator

"Q3 was another quarter in which mid-single digit growth translated into a solid operational leverage," says Randstad CEO Jacques van den Broek. "We have seen stable growth in most regions, while the focus on perm and HR services continued to pay off. The recent RiseSmart acquisition complements our offering, as technology is playing a more prominent role in the future of our company. This quarter, we celebrated our 55th anniversary, which clearly shows that we have been able to adapt to the ever changing environment. We continue to strengthen the foundations for the next 55 years." 

For the full press release click here.

For more information, please contact: David Tailleur/Saskia Huuskes, telephone: +31 (0)20 569 56 23

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