gross profit +11% YoY, enabled by our diverse portfolio.
gross margin of 21.0%, up 110 bp YoY; driven by business mix and pricing discipline.
EBITA margin up 10bp YoY; opex as % of revenue down by 50bp QoQ to 16.2%.
strong growth in perm (+23%YoY) and RPO (+55% YoY), combined c. 21% of gross profit.
acquisition of the Finite Group in Australia & New Zealand, specialist in technology recruitment and IT services.
in early October, number of employees working marginally lower YoY.
"We have delivered another strong quarter, capturing profitable growth in Inhouse, Professionals, perm and RPO in all geographies." says CEO Sander van ‘t Noordende.
"While we have seen client activity moderate slightly, demand for talent remained solid in the quarter. Due to talent scarcity the relationship between employers and employees has changed significantly in recent years. In this new world of work, Randstad is increasingly the “partner of choice” for both talent and clients resulting in strong performance this quarter. We are pleased to have completed the acquisition of the Finite Group, which broadens our Technology proposition in Australia and New Zealand.
Whilst we are still vigilant to the elevated level of macroeconomic uncertainty we see in our markets, we are confident in our ability to navigate the current environment and remain laser focused on delivering for our talent and clients."
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
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
