Randstad Q3 2017: strong topline momentum continues.

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Algemeen advies 24/10/2017 08:57
•revenue of € 5,872 million; organic growth +9.0%; gross profit up 7.7%
•topline grew 11% in Europe, stable in North America and 10% in Rest of the world
•gross margin 20.1%; pricing climate stable; perm fees up 10%
•organic opex up 5% (Q2 2017: +5%); underlying ICR > 40%
•underlying EBITA of € 288 million; EBITA margin 4.9% (including -/- 50bp digital investments and working day impact)
•new brand promise 'Human Forward' successfully launched globally
•digital initiatives in full swing; Capital Markets Day in London on November 21, 2017
•volumes in early October broadly indicate a continuation of the Q3 trend
•Monster: key strategic initiatives underway; cost optimization program implemented


"Our organic sales growth remained robust in Q3, despite tougher comparisons versus Q2", says Randstad CEO Jacques van den Broek. "Strong momentum in Europe continued supported by our digital initiatives, while growth in our North American business remained stable when adjusted for the hurricane impact. Meanwhile, we launched our new brand positioning which is centered around our Tech & Touch strategy. We apply digital innovations to improve our services. To make processes smart, simple, and efficient. To get better insights, based on data. At the same time, we recognize these efficiencies for what they are: a means to an end. A means to free up our people to focus on our most important asset – the personal connection. Therefore I am very proud to announce our brand promise: Human Forward.''

read more on
https://www.ir.randstad.com/~/media/Files/R/Randstad-IR-V2/results/press-releases/2017/Q3%20results%202017.pdf

tijd 09.00
De AEX licht lager van start op 545,04 -0,92 -0,17% Randstad EUR 53,51 -1,19 vol. 34.000



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