FINANCIALS: Randstad reports on ‘solid’ performance

Global recruitment firm Randstad has reported “a solid and competitive performance in an exceptional 2020” in financial results released today.

In sharing its global financial results, Randstad highlighted the following:

  • Q4 2020 organic growth: -3.6%
  • Q4 2020 underlying EBITDA: €264.m (£231.9m)
  • FY 2020 proposed dividend per share: €3.24 (£2.85)
  • FY 2020 gross margin of 19.2%, down 80 basis points year-on-year

The UK reported revenues of, respectively, €766m in 2020, with 1,460 employees.

Among its 2020 successes, Randstad said it was able to identify and fill new roles associated with the pandemic, such as medical screeners and roles in testing and tracing. “We also offered free job listings on Monster for healthcare workers,” the company said.

In the company’s annual report, Randstad said that it believes “there is no ‘new normal’ that’s here to stay. We should expect continued change”, and called on companies to “be more fluid in running their workforces, reskilling and redeploying their people on a regular basis”. 

• Comment below on this story. Or let us know what you think by emailing us at [email protected] or tweet us to tell us your thoughts or share this story with a friend.

CONTRACTS & DEALS: 12-16 APRIL 2021

This week’s new contracts & deals include: Bowler Bentley Recruitment, Major Recruitment

Contracts 12 April 2021

APPOINTMENTS: 6-9 APRIL 2021

This week’s appointments include: Candidate.ID, IEG, Realm Recruit, Red Ventures, SR Group

People 6 April 2021

NEW TO THE MARKET: 6-9 APRIL 2021

This week’s new launches include: Capital Outsourcing Group (Food), Cielo TalentCloud, Lorien, Thrive Education, TrueProfile.io

New to Market 6 April 2021

HMRC report finds most education institutions aren’t prepared for IR35 reforms

More than three-quarters of education sites do not feel prepared for the off-payroll reforms taking effect on 6 April.

Legislation 31 March 2021
Top