Randstad results
Published: 27 August 2008
Dutch recruiter Randstad has released results for the second quarter of the year.
Pro forma revenue increased by 2% to € 4.5bn (£3.59bn), while pro forma earnings before interest, tax and amortisation (EBITA) were 6% to € 233.8m (£186.5m). The pro forma EBITA margin rose to 5.2% from 5.1%.
Engineering and healthcare were the best performing sectors.
Ben Noteboom, chief executive of Randstad, said: “As expected in April, the markets for HR services have slowed during the past quarter. It is good to see that our people have been able to grow our business and control costs such that EBITA grew faster than revenue. The Vedior acquisition was completed in May and during the first integration phase we maintained focus on commercial priorities, continued to provide first class service to our clients and kept adding market share in many countries. All employees, and particularly those who are joining us from the Vedior group, deserve a big compliment for their positive contribution.“
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