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Randstad Sees Solid Q4 Results, Strong Markets

Randstad News Release (02/19/15)

Randstad Holding NV reported revenue of 4.5 billion euros in the fourth quarter of 2014, up 5% from the year-ago quarter. Earnings before interest, taxation, and amortization totaled 199 million euros during the fourth quarter, which officials attribute to a boost in business in North America and the Netherlands.

In the fourth quarter of 2014, combined U.S. staffing and in-house businesses grew by 10% per working day, driven by a strong performance in the industrial segment. Administrative growth accelerated during the quarter. Overall gross profit grew by 8%, and permanent placement fees increased by 23%. The company’s professional staffing business remained stable in the quarter, with gross profit increasing by 5% and permanent placement fees up by 17%.