FINANCIALS: Randstad pleased with “positive” 2017
Randstad says it has started 2017 on a “positive” note, with gross profit climbing 6.4% year-on-year in Q1 2017.
This is according to a results statement for Q1 2017 in which the recruitment giant reports revenue of €5,557m (£4,723m) and GP up 6.4% fuelled by 8% growth in Europe and 9% growth in the group’s ‘rest of the world’ division.
However, GP growth was more muted in North America (up 1%), while in the UK GP fell 4% on Q1 2016.
Randstad also reports progress with transitioning new acquisitions are “well on track”, with its summer 2016 Monster transition in “full swing”.
Commenting on the results, CEO Jacques van den Broek said: “We started the year on a positive note, achieving sound organic sales growth and an acceleration in perm placement growth.
“Momentum in Europe remained favorable and our North American business continues to grow … I would like to welcome our new colleagues who joined Randstad through the finalisation of the acquisitions of Ausy and BMC.
“Meanwhile, we are taking the next steps in our digital strategy to enhance the implementation of technology in many of our processes. This enables us to offer clients and candidates tailor-made data-driven insights and to focus on where we are at our best: making the personal connection.”
