FINANCIALS: Europe boosts Randstad as Monster drags down performance

Strong growth in Europe lifted the performance of Randstad, but employment website Monster continued to drag down the global staffing giant’s performance.

This is according to the Dutch headquartered company’s results for the first quarter of 2018, released this morning.

Randstad said in a statement that its revenue grew at 7.4% to €5.68bn (£4.97m) boosted by a strong performance in France and Germany. Randstad’s EBITDA (earnings before interest, tax, depreciation and amortisation) margin rose by 3.8% compared to Q1 2017 to an underlying figure of €217m.

By contrast, in North America sales rose by just 1%, dragged down by Monster, which was acquired by Randstad in 2016, and which saw its sales slump by 16% during the quarter. Randstad CEO Jacques van den Broek said the plan was to turn Monster around in 2018.

In the UK, revenue was up by 7% (Q4 2017: up 11%), while perm fees were down by 14% (Q4 2017: down 9%).

“Overall market circumstances remained positive. We continue to outperform in most relevant markets,” said van den Broek.

• 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

FINANCIALS: Harvey Nash reveals robust UK results

Harvey Nash has seen revenue climb 15.3% in constant currency year-on-year, according to unaudited interim results for the six months to 31 July 2018.

Financials 25 September 2018

FINANCIALS: Parity posts slight increase in revenue

Parity Group has posted a marginal increase in year-on-year revenue, according to unaudited interim results for the six months to 30 June 2018.

Financials 20 September 2018

FINANCIALS: Adecco posts rise in revenues but slower growth

Adecco Group has seen a marginal increase in revenues in the first two months of Q3 2018.

Financials 19 September 2018

FINANCIALS: Kellan Group considers delisting from AIM

Multi-sector recruiter Kellan Group is considering delisting the trading of its shares from the Alternative Investment Market (AIM) stock exchange.

Financials 18 September 2018