Randstad News Release (07/31/14)

Randstad reported revenues of €4.27 billion in the second quarter of 2014, up 4% from €4.1 billion in the second quarter of 2013. Net income totaled €94.1 million, up 49% from €63.1 million in the year-ago quarter.

Combined U.S. staffing and in-house businesses grew 6% in the quarter, led by growth in manufacturing and logistics. Overall gross profit grew 10% (compared with 6% in the first quarter), mainly due to growth of 33% in permanent placement fees. The U.S. professional business segment contracted 2%.

“Our markets continued their gradual recovery,” said Jacques van den Broek, chief executive officer of Randstad. “The Inhouse and Sourceright businesses in particular enjoyed good growth.”