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Randstad Reports First-Quarter 2015 Results

Randstad News Release (04/30/15)

Randstad reported revenues for the first quarter of €4.4 billion, an increase of 5.6% on an organic basis compared with a year ago. The company reported net income of €59.5 million, up 8% from €54.9 million in the prior year.

In the U.S., organic revenue growth was 6% above the prior year. By segment, the company reported that combined U.S. staffing and in-house businesses grew by 8% in the quarter; gross profit grew by 13%, driven by growth in permanent placement fees of 21%. The company’s professional staffing revenues were down by 1% but up 6% in gross profit; permanent placement fees in the segment were up 4%.