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Randstad Reports Solid Final Quarter of a Challenging Year

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.