FINANCIALS: Randstad reports growth group-wide including UK

Recruitment giant Randstad has reported revenue growth in the UK and across the group, according to results for Q3 2017.

he results, published this morning, reveal group revenue of €5,872m (£5,240m), up 9% year-on-year, from €5,349.3m in the corresponding quarter last year, while gross profit was up 8% from €999.8m in Q3 2016 to €1,777.6m in the third quarter of 2017.

The group reported revenue growth in the Rest of the World (up 10%) and Europe (up 11%) as well as the UK, where revenue was up by 10% (Q2 2017: up 2%), though perm fees were down by 7% (Q2 2017: up 3%).

Randstad CEO Jacques van den Broek said: “Our organic sales growth remained robust in Q3, despite tougher comparisons versus Q2.

“Strong momentum in Europe continued supported by our digital initiatives, while growth in our North American business remained stable when adjusted for the hurricane impact. 

“Meanwhile, we launched our new brand positioning, which is centred around our Tech & Touch strategy. We apply digital innovations to improve our services. At the same time, we recognise these efficiencies for what they are: a means to an end. A means to free up our people to focus on our most important asset – the personal connection...”

• Want to comment on this story? Email us at recruiter.editorial@redactive.co.uk or tweet us below to tell us your thoughts. We will run comments online in a round-up at the end of the week.

Email story to a friend

Twitter Twitter

Buckingham Palace on lookout for good social media communicator

Are you a big fan of the royals and have great social media communication skills? Well, this could be the job for you.

Lighter Side 22 January 2018

NEW TO THE MARKET: 15-19 JANUARY 2018

This week’s launches includes: Debut, Erecruit, ICG Medical, PCL, R_Block, Raffingers, Recruit My Job, Swanstaff Recruitment

New to Market 16 January 2018

APPOINTMENTS: 15-19 JANUARY 2018

This week’s appointments include: BBR Services, Build Recruitment, Concilium Search, I-COM, iMultiply, Lorien, MBN Solutions, Monday at Nine, MOVE Guides, Pedersen & Partners, RIDI

People 15 January 2018

It’s not all about recruitment – it’s the bass

Having an interest outside recruitment is a great way of letting off steam after work, according to a rock bass player and digital recruiter.

Lighter Side 12 January 2018
Top