FINANCIALS: Randstad posts double-digit increase in revenues

Recruitment giant Randstad has posted a 13% increase in annual revenues, according to its full-year 2017 results.

The full-year results, released this morning, reveal revenue rose from €20.6bn (£18.2bn) to €23.2bn, with gross profit up from €3.9bn to €4.7bn.

The group also released results for Q4 2017 showing revenue rose from €5.5bn to €5.9bn year on year, with GP up from €1.1bn to €1.2bn over the same period.

On the previous quarter, revenue was up 1% in North America and 10% in the Rest of the World and up 11% in Europe, with revenue up 12% in France, up 26% in Italy, up 15% in Iberia and up 11% in the UK.

Randstad CEO Jacques van den Broek said the group was proud to have outperformed in its most relevant markets. “We finished the year on a strong note, despite markedly tougher comparables. 

“We aim to gain further marketshare, driven by our differentiating Tech & Touch strategy, lifting the barriers to entry… The digital transformation we are going through as a company culminated in the launch of our new brand promise in the last quarter of 2017: Human Forward.”

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is [email protected]

Microsoft teams up with SThree to improve operations

SThree, the leading STEM-specialist staffing group, has announced a collaboration with Microsoft that is intended to power its industry-leading Technology Improvement Programme.

Contracts 26 March 2024

NEW TO THE MARKET: 25-30 MARCH 2024

This week’s new launches include: ID Crypt Global, Indeed, N2S.Global, Quesam, Talmix

New to Market 26 March 2024

Businesses must use AI in ‘all its formats’ says Martin-Fagg

UK businesses need to use technology such as AI to increase productivity, emphasise a ‘customer first’ attitude and grow by increasing market share.

22 March 2024

HeadFirst and Impellam groups join forces

HeadFirst Group and Impellam Group have joined forces to become one of the world’s leading STEM talent and managed service providers.

Contracts 22 March 2024
Top