Organic opex up 5% (Q1 2017: 7%); ICR improving sequentially, adjusted for working days
Underlying EBITA of € 262 million; EBITA margin 4.5% (including -/- 50bp digital investments and working day impact)
Leverage ratio of 1.5 (vs. 0.7 last year) impacted by seasonality and M&A
Digital initiatives in full swing; Capital Markets Day in London on November 21, 2017
Volumes in early July indicate a continuation of the Q2 trend
All acquisitions on track; key initiatives launched at Monster
'In Q2, our organic sales growth accelerated to the highest level since 2011, driven by double-digit growth in Europe,' says Randstad CEO Jacques van den Broek. 'Also momentum in the Rest of the world region improved versus Q1, while growth in our North American business was stable. We are satisfied with the progress of our acquisitions and remain very excited about their future contribution to the Group. Supporting people and organizations in realizing their true potential is Randstad's role in society. We are committed to go above and beyond to make our candidates and clients successful. To this end we are working hard on our digital transformation. This is showing the first good signs in margin development in our Dutch Professionals business as technology supports our consultants, as well as in our French perm business, by providing additional services through better insights based on big data.'
For more information, please contact: David Tailleur/Saskia Huuskes, telephone: +31 (0)20 569 56 23
Randstad Holding NV published this content on 25 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 July 2017 05:24:03 UTC.
Original documenthttps://www.ir.randstad.com/news-and-events/press-releases/pr-2017/2017-07-25.aspx
Public permalinkhttp://www.publicnow.com/view/D32A841E02CB46735A3A99B8EB0EB9548819875B
Randstad N.V. is the world's No. 1 of human resources services. Net sales break down by activity as follows:
- generalist staff placement outside the classic sectors (45.4%): primarily administrative, light industry, logistics staff, etc.;
- generalist staff placement from onsite agencies (25.3%): primarily for clients in the consumer goods, automotive, life sciences and other industries;
- specialized staff placement (23.8%): primarily high-level and experienced professionals in the fields of IT, engineering, business, health, etc. In addition, the group offers services for the permanent staff of its clients (outplacement services, reintegration and salary management);
- other (5.5%).
At the end of 2023, the group had 2,761 branches worldwide.
Net sales are distributed geographically as follows: the Netherlands (12.7%), the United States (18.8%), France (15.1%), Italy (8.5%), Germany (7.4%), Belgium (6%), Spain (5%), Australia (4.6%), the United Kingdom (4.3%), Japan (3.2%), Canada (2.3%), Switzerland (1.9%), India (1.5%), Portugal (1.3%), Poland (1.2%), Sweden (1.2%) and other (5%).