highlights
"Our strong gross margin and balanced cost management were able to offset slightly negative organic revenue growth in Q3 2019, while generating record high quarterly free cash flow," says CEO Jacques van den Broek. “We continue to gain market share in several countries, in part driven by the successful progression of our digital strategy across the world. We experienced ongoing weakness in industrial-related sectors, while still identifying ample growth opportunities globally. This means that we continue to balance selective investments for the longer term, while managing more challenging markets. Meanwhile, our free cash flow more than doubled year-on-year in Q3 2019. This underpins the countercyclical nature of our working capital requirements, and hence the resilience of our free cash flow generation through the cycle.”
“Finally, I’m very happy with the proposal to nominate René Steenvoorden as Chief Digital Officer to our Executive Board. This appointment will further strengthen the new setup of our executive team, in which countries, regions, clients and the digital transformation are now all directly represented. With this team, I’m convinced we’ll be able to further accelerate the execution of our Tech & Touch strategy.”
for more information
David Tailleur / Diederik Heinink
+31 (0)20 569 5940
about Randstad
Randstad is the global leader in the HR services industry. We support people and organizations in realizing their true potential by combining the power of today’s technology with our passion for people. We call it Human Forward. In 2018, we helped more than 2.5 million candidates find a meaningful job with our almost 250,000 clients. Furthermore, we trained over 300,000 people. Randstad is active in 38 markets around the world and has top-three positions in almost half of these. In 2018, Randstad had on average 38,820 corporate employees and generated revenue of € 23.8 billion. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad N.V. is listed on the NYSE Euronext (symbol: RAND.AS). For more information, see www.randstad.com
