Randstad News Release (02/14/13)
Randstad reported a net loss of €97 million in the fourth quarter of last year, down 490% from the same period in 2011, following a goodwill write-off of almost €140m. Over 2012 as a whole, Randstad reported a net profit of €36.7 million, down 79% from 2011. Revenues for the year rose 5% to €17 billion.
North American revenue stood at €992.2 million for the fourth quarter of 2012, down 1% from the same period in 2011. While revenue growth was flat, gross profit in the fourth quarter expanded by 4% compared with the fourth quarter of 2011. Over the entire year of 2012, North American revenue increased by 4% to €3.947 billion.
Revenue of Randstad’s combined U.S. commercial staffing business contracted by 1% in the fourth quarter of 2012 after a 4% gain in the third quarter. U.S. professional sector business grew by 2% per working day in the fourth quarter, compared with a 4% increase per working day in the third quarter.
Exclusive Guide to Factoring for Staffing Companies
Whether your firm needs working capital to hire new talent, maximize a marketing opportunity, or extend client payment terms, factoring allows staffing companies to convert unpaid invoices into cash today. Download now to get answers to the top 10 questions related to accessing working capital via invoice financing.