Randstad, q2 2022: record revenue & continued margin expansion.

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Overig advies 26/07/2022 08:56
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


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tijd 09.03
De AEX 709.1 +2.09 +0.3% Randstad stelt qua koers teleur op EUR 49,56 -1,22 vol. 30.000

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