Randstad NV (WBO:RAND)

€ 39.81 0.34 (0.86%) Market Cap: 7.01 Bil Enterprise Value: 8.39 Bil PE Ratio: 16.15 PB Ratio: 1.66 GF Score: 69/100

Q1 2022 Randstad NV Earnings Call Transcript

Apr 26, 2022 / 07:00AM GMT

Release Date Price: €52.76

Transcript

Operator

Hello, and welcome to the Randstad First Quarter Results 2022. My name is Josh, and I will be your coordinator for today's event. Please note, this conference is being recorded. (Operator Instructions)

I will now hand you over to your host, Sander van 't Noordende, CEO; and Henry Schirmer, CFO, to begin. Thank you.

Alexander M. van;t Noordende

Randstad N.V. - Chairman of Executive Board & CEO

' -

Thank you very much, Josh, for that introduction. Good morning, everybody. I'm here with Henry and of course, with Bisera and Akshay from Investor Relations. It's great to be here as Randstad's CEO and share our Q1 results with you. We've had a strong start to the year, continuing the momentum from last year with group revenue up 15%, EBITA of EUR 286 million and gross margin of 20.5%, up 130 basis points on the same period last year.

Our market-leading growth was broad-based across geographies and segments. We saw record high perm and RPO activity levels, while staffing revenue continued its strong momentum. Our strong margin

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