Factsheet - 01/06/2020

Market: Amsterdam
Symbol: RAND
ISIN: NL0000379121
Industry: Business Training & Employment Agencies

Randstad is the global leader in the HR services industry. We support people and organizations in realizing their true potential by combining the power of today’s technology with our passion for people. We call it Human Forward. In 2019, we helped more than two million candidates find a meaningful job with our 280,000 clients. Furthermore, we trained more than 350,000 people. Randstad is active in 38 markets around the world and has top-three positions in almost half of these. In 2019, Randstad had on average 38,280 corporate employees and generated revenue of € 23.7 billion. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad N.V. is listed on the NYSE Euronext (symbol: RAND.AS). For more information, see https://www.randstad.com/.

Key financials
In millions of €, unless otherwise indicated 2019 2018 2017
       
Revenue (underlying) 23,676 23,812 23,273
Gross profit (underlying) 4,726 4,703 4,708
EBITA1 (underlying) 1,094 1,131 1,065
Adjusted net income 766 833 756
       
Free cash flow2 915 627 586
Net debt 1,377 1,640 1,026
Leverage ratio (net debt/12-month EBITDA) 1.0 1.2 0.9
Total equity 4,473 4,447 4,251
       
Ratios (in % of revenue)      
Gross margin (underlying) 20.0 19.8 20.2
EBITA margin (underlying) 4.6 4.7 4.6
Net income margin 2.6 3.0 2.7
       
Share data      
Basic earnings per ordinary share (in €) 3.24 3.80 3.38
Basic earnings per ordinary share, underlying (in €)3 4.18 4.55 4.13
Diluted earnings per ordinary share, underlying (in €)3 4.17 4.54 4.11
Dividend per ordinary share (in €) 0 3.38 2.76
Payout per ordinary share (in %)4 0 74 67
Closing price, year-end (in €) 54.44 40.09 51.24
Market capitalization, year-end 9,979 7,349 9,390
Enterprise value, year-end5 10,735 8,334 10,416
       
Employees/outlets      
Average number of candidates working 649,000 670,900 668,800
Average number of corporate employees 38,280 38,820 37,930
Number of branches, year-end 2,761 2,827 2,900
Number of Inhouse locations, year-end 2,100 1,999 1,958

Notes:

1. EBITA: operating profit before amortization and impairment of acquisition-related intangible assets and goodwill.

2. Free cash flow: sum of net cash from operating and investing activities, excluding the acquisition and disposal of subsidiaries and associates and equity investments, and dividends from associates; including repayment of lease liabilities.

3. Before amortization and impairment of acquisition-related intangible assets and goodwill, integration costs, acquisition-related expenses, and one-offs.

4. Payout per ordinary share in %: dividend per ordinary share on basic earnings per ordinary share adjusted for the net effect of amortization and impairment of acquisitionrelated intangible assets and goodwill, integration costs, acquisition-related costs, and one-offs.

5. Enterprise value: the total of market capitalization and net debt (net debt excluding lease liabilities).