FINANCIALS: Randstad reports rise in revenue

Recruitment giant Randstad has seen revenue rise 5% year-on-year, according to Q2 2018 results.

The results, released this morning, reveal group revenue rose to €6,022m (£5,371) from €5,866 in Q2 2017, while there was little change in gross profits -coming in at €1,191m compared to €1,194m in the corresponding quarter last year.

The group saw the biggest increases in year-on-year revenue in its Rest of the World segment (up 11%) and Italy (up 10%), while Belgium & Luxembourg and the UK both saw 7% increases in year-on-year revenue respectively.

Commenting on the group’s performance, Randstad CEO Jacques van den Broek pointed to “strong” operating performance in Q2. 

“Our organic sales growth came in at 5%, offsetting high comparable growth rates in Q2 2017. Our perm growth further accelerated to 14%. Randstad Sourceright and the Rest of the World region generated double-digit topline growth and significantly higher profitability. These businesses have further improved our global presence and resilience. 

“The global roll-out of digital initiatives such as workforce scheduling, data-driven sales and talent engagement is in full swing, with the first showing the most promising results. Wherever I travel and meet our people, I see a lot of excitement on our digital transformation and the positive effects it has on their jobs.”

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