Randstad News Release (10/31/13)
Randstad reported revenue of €4,363 million for the third quarter of 2013, down 1% from €4,397 million during the same period last year. The company reported net income of €84 million, up 22% from €69 million in the third quarter of 2012.
North American revenues totaled €925 million, down 3% from €1,002 million. North American gross profit was 2% above last year’s. Permanent placement fees grew by 6%. Staffing revenues were €2,648 million, down 5% from €2,733 million. Profitability in the U.S. staffing and in-house businesses continued to reach record levels, though revenue of the combined businesses fell. Overall gross profit for the segments grew by 4%. The administrative segment held up well, considering the low demand in banking and finance. Performance in the blue-collar segment was good. Revenue in information technology strengthened further while performance in the finance business remained weak.
Additionally, the company announced that Ben Noteboom will step down Feb. 28 and Jacques van den Broek will succeed him as chief executive officer and chairman of the executive board.
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