Randstad News Release (02/20/14)
Randstad reported revenues of €4,278 million for the fourth quarter of 2013, up 1.0% from €4,235 million in the fourth quarter of 2012, and €16,57 million for all of fiscal 2013, down 3.0% from €17,09 million. The company reported net income of €54.1 million in the fourth quarter of 2013, up 156.0% from a net loss of €97.4 million in the year-ago period, and €230.7 million for the full year, up 529.0% from €37 million in 2012.
North American revenues totaled €916.5 million for the fourth quarter, down 2.0% from €992.2 million, and €3,687 million for 2013, down 3.0% from €3,947 million in 2012. The company’s staffing revenues totaled €2,578 million in the fourth quarter, down 2.0% from €2,608 million, and €10,038 million for 2013, down 5.0% from €10,566 million in 2012.
From Gibraltar: 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.