Randstad reports EUR5 billion revenue for Q3 on 7% organic growth

KKR

Randstad said its revenue rose to EUR5,8 billion for the third quarter as a result of 9.0% organic growth while gross profit was up by 7.7% on a year on year basis.

“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.

He added that “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.”