highlights
Q2 2022 organic growth: 9.1%
Q2 2022 underlying EBITA: € 308m
Q2 2022 EBITA margin: 4.5%
continued portfolio diversification and targeted investments leading to 17% YoY growth in gross profit.
strong performance in perm (+38% YoY) and RPO (+108% YoY), combined c.21% of gross profit.
gross margin of 21.2%, up 170 bp YoY; driven by business mix and pricing discipline.
acquisition of Side, a French specialist in online recruitment and digital staffing solutions.
EBITA margin up 20bp YoY.
in early July, trends broadly in line with Q2 2022, reflecting current market dynamics.
Sander van ‘t Noordende, CEO of Randstad, said: “We have delivered a strong performance in the second quarter, with group revenues reaching record levels with solid profitability. Revenue growth was broad based and particularly strong in our perm and RPO businesses, resulting in an excellent gross margin.
The global labor market remains dynamic with a combination of strong demand and talent scarcity. We continue to evolve our offering to talent and clients, with targeted growth investments and bolt-on M&A such as our acquisition of Side, the French digital staffing platform.
Although we remain cautious as visibility remains limited, Randstad is well positioned to respond quickly and effectively amidst an unprecedented macro environment, through our diverse portfolio, our scale and data insights, and high operational adaptability and flexibility.
We are also looking forward to welcoming Cees 't Hart to our Supervisory Board, pending shareholder approval.”
for more information
Bisera Grubesic - Director Investor Relations
bisera.grubesic@randstad.com or +31 6 2088 2592
Akshay Lachmandas - Investor Relations Officer
akshay.lachmandas@randstad.com or +31 6 2692 8529
Elise Martin Davies - Global Media Relations Lead
elise.martin-davies@randstad.com or +31 6 1322 5136
about Randstad
Randstad is the world's largest HR services provider and is driven to become the world's most valued 'working life partner', supporting as many people as possible in realizing their true potential throughout their working life. We provide companies with the high quality, diverse, and agile workforces they need while helping people get rewarding jobs and stay relevant in the ever-changing world of work. In 2021, we helped more than two million people find a job that is right for them, advised 235,000 clients on their HR needs, from talent acquisition to total workforce management, and delivered training to over 450,000 people. We use data and technology to provide the right advice at the right moment at scale, while our consultants across almost 5,000 locations in 38 markets give talent and clients personal, dedicated human attention. It is this combination of Tech and Touch that makes our offer unique. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. In 2021, Randstad had on average 39,530 corporate employees and generated revenue of € 24.6 billion. Randstad N.V. is listed on the Euronext Amsterdam. For more information, see www.randstad.com.