Recruitment giant Randstad says it is confident on its performance for forthcoming quarters after posting increased revenues in Q1 2011, according to chief executive Ben Noteboom.

The group’s results reveal:

·     Revenue up 22% to €3.7bn (£3.25bn) organic growth per working day 15%

·     Operating expenses sequentially down 2% to €562m

·     EBITA reached €108.7m (+44%), with the EBITA margin at 2.9% (vs 2.5% in Q1 2010)

Noteboom says: “We saw continued strong growth in many markets like Germany, France and North America during the quarter. Efficiency and marketshare increased further in many countries. All segments showed good growth.

“With continuing economic improvement, we look to the coming quarters with confidence. The most notable aspect for this quarter, however, is how our people in New Zealand and then in Japan dealt with the consequences of the earthquakes. Their resilience in the face of such major adversity has been exemplary.”