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Randstad Reports Stable Third-Quarter Revenue Growth

Randstad News Release (10/30/14)

Randstad reported revenues of €4.5 billion for the third quarter of 2014, up 4% from €4.4 billion in the third quarter of 2013. Net income totaled €113 million, up 35% from €84 million.

North American revenues totaled €964.8 million, up 5% from €925.4 million in the year-ago quarter. Staffing revenues totaled €2.68 billion, up 2% from €2.65 billion on a year-to-year basis. The company reported that its U.S. staffing and in-house businesses grew by 10%, driven by strong performance in the industrial segment and a 31% increase in permanent placement fees. The US Professionals business was stable in the quarter, with improvements driven by finance and engineering. The company also noted that it will continue to add staff in markets where it believes growth will continue, specifically in the U.S. and China.