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Randstad Reports Second-Quarter Results

Randstad News Release (07/30/15)

Randstad reported revenues of €4.8 billion in the second quarter of 2015, up from €4.3 billion in the second quarter of 2014, an increase of 12.8% (of which 5.8 percentage points were due to foreign exchange).

U.S. business grew 6% in the second quarter, with staffing growing by 7% and professional by 2%. Reported revenue for North America totaled €1.2 billion, with year-to-year organic growth for the quarter at 5%. Underlying profitability improved across all North American businesses.

“Growth in Europe is accelerating and our U.S. business continues to do well,” said Randstad chief executive officer Jacques van den Broek. “We see continued growth in permanent placements and also in managed services and recruitment process outsourcing.”