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Factsheet - 17/05/2024

Market: Amsterdam
Symbol: RAND
ISIN: NL0000379121
Industry: Business Training & Employment Agencies
Randstad is a global talent leader with the vision to be the world’s most equitable and specialized talent company. As a partner for talent and through our four specializations - Operational, Professional, Digital and Enterprise - we provide clients with the high-quality, diverse and agile workforces that they need to succeed in a talent scarce world. We help people secure meaningful roles, develop relevant skills and find purpose and belonging in their workplace. Through the value we create, we are committed to a better and more sustainable future for all.

Headquartered in the Netherlands, Randstad operates in 39 markets and has approximately 40,000 employees. In 2023, we supported 2 million talent to find work and generated a revenue of €25.4 billion. Randstad N.V. is listed on the Euronext Amsterdam. For more information, see www.randstad.com.
Key financials
In millions of €, unless otherwise indicated 2023 2022 2021
       
Revenue (underlying) 25,426 27,568 24,635
Gross profit (underlying) 5,283 5,755 4,873
EBITA1 (underlying) 1,075 1,294 1,095
Adjusted net income 814 1,041 806
       
Free cash flow2 883 739 590
Net debt 923 870 415
Leverage ratio (net debt/12-month EBITDA) 0.7 0.6 0.3
Total equity 4,700 4,915 4,902
       
Ratios (in % of revenue)      
Gross margin (underlying) 20.8 20.9 19.8
EBITA margin (underlying) 4.2 4.7 4.4
Net income margin 2.5 3.4 3.1
       
Share data      
Basic earnings per ordinary share (in €) 3.45 5.04 4.13
Basic earnings per ordinary share, underlying (in €)3 4.56 5.69 4.39
Diluted earnings per ordinary share, underlying (in €)3 4.53 5.67 4.35
Regular dividend per ordinary share (in €)4 2.28 2.85 2.19
Payout regular dividend per ordinary share (%)4 50.00 50.00 50.00
Special Dividend per ordinary share (in €)4 1.27 - 2.81
Total dividend per ordinary share (in €)4 3.55 2.85 5.00
Payout total dividend per ordinary share (%) 77 50 114
Closing price, year-end (in €) 56.72 56.96 60.04
Market capitalization, year-end 10,261 10,481 11,047
Enterprise value, year-end5 10,567 10,753 10,868
       
Employees/outlets      
Average number of candidates working 602,100 662,200 653,300
Average number of corporate employees 43,340 46,190 39,530
Number of branches, year-end 2,761 2,819 2,764
Number of Inhouse locations, year-end 1,931 2,086 2,163

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. Dividend per ordinary share based on net income adjusted for the net effect of amortization and impairment of acquisition-related 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).

Randstad Global Head Office.

Diemermere 25, 1112 TC Diemen
P.O. Box 12600, NL-1100 AP Amsterdam z.o.
T +31 (0)20 569 59 11

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