Randstad N.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023 at 11:41 am EDT
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Randstad N.V. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 6,465 million compared to EUR 6,886 million a year ago. Net income was EUR 137 million compared to EUR 196 million a year ago. Basic earnings per share from continuing operations was EUR 0.74 compared to EUR 1.06 a year ago. Diluted earnings per share from continuing operations was EUR 0.74 compared to EUR 1.06 a year ago.
For the six months, sales was EUR 12,983 million compared to EUR 13,507 million a year ago. Net income was EUR 291 million compared to EUR 405 million a year ago. Basic earnings per share from continuing operations was EUR 1.57 compared to EUR 2.19 a year ago. Diluted earnings per share from continuing operations was EUR 1.56 compared to EUR 2.18 a year ago.
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%).
RANDSTAD N.V. 
