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Randstad reports Q1 2018

Contributor: Editorial, 24 April 2018

Human resources company Randstad reported organic revenue growth of 7.4% in the first quarter of 2018 to €5,683 million from €5,557 million in the same period of 2017.

Operating profit, EBITA, came in at €205 million, versus €191 million in Q1 2017, and net profit was up 9% at €127 million, versus €116 million in Q1 2017.

Permanent fees grew by 13% in the quarter and the topline grew 9% in Europe, 1% in North America and 11% in Rest of the world.

Jacques van den Broek, CEO, said "We started 2018 well, achieving sound organic revenue and even double-digit perm growth. Overall market circumstances remained positive. We continue to outperform in most relevant markets, driven by our Tech & Touch strategy and strong operational execution. Nevertheless, we remain focused on the balance between growth and profitability. We support our consultants, clients and candidates in adopting and embracing digital where this works best, and so optimizing human interaction. Our global roll-out of digital initiatives such as workforce scheduling, data-driven sales and talent engagement is in full swing."

The company said volumes in early April indicate a continuation of the current growth trend.

Related stories:

http://northern-observer.com/randstad-organic-growth-2017

Name: 
Randstad Holding NV
Turnover: 
€23,272.8 million
Employees: 
Location: 
Entity type: 
RAND.AS