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

Q4 2022 Randstad NV Earnings Call Transcript

Feb 14, 2023 / 08:00AM GMT
Release Date Price: €60.18
Operator

Good day, and welcome to Randstad Fourth Quarter and Annual Results 2022. Please note, this call is being recorded.

I will now hand over to Sander van't Noordende, CEO. Please go ahead.

Alexander M. van;t Noordende
Randstad N.V. - Chairman of Executive Board & CEO

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Thank you very much, Marian, for that introduction. Good morning, everybody, and happy Valentine's Day. I'm here with Henry, Bisera and Akshay from Investor Relations, and I'm pleased to share our Q4 and full year results with you.

Overall, Randstad delivered an outstanding performance in 2022. Our business is more diversified today than ever, and we're really seeing the benefits of a higher proportion of professionals, perm and RPO in our mix compared to historic levels. Our performance in the full year was underpinned by solid levels of demand from clients and talent scarcity. The improvements we delivered in profitability and margin are evidence of our firm focus on cost management, value-based pricing and business mix.

The economic environment

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