FINANCIALS: Randstad reports on ‘solid’ performance

Global recruitment firm Randstad has reported “a solid and competitive performance in an exceptional 2020” in financial results released today.

In sharing its global financial results, Randstad highlighted the following:

  • Q4 2020 organic growth: -3.6%
  • Q4 2020 underlying EBITDA: €264.m (£231.9m)
  • FY 2020 proposed dividend per share: €3.24 (£2.85)
  • FY 2020 gross margin of 19.2%, down 80 basis points year-on-year

The UK reported revenues of, respectively, €766m in 2020, with 1,460 employees.

Among its 2020 successes, Randstad said it was able to identify and fill new roles associated with the pandemic, such as medical screeners and roles in testing and tracing. “We also offered free job listings on Monster for healthcare workers,” the company said.

In the company’s annual report, Randstad said that it believes “there is no ‘new normal’ that’s here to stay. We should expect continued change”, and called on companies to “be more fluid in running their workforces, reskilling and redeploying their people on a regular basis”. 

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