September 28, 2021

Randstad posts slight second-quarter beat as job markets tighten

FILE PHOTO: The logo of personnel service provider Randstad is seen at an office building in Zurich, Switzerland October 2, 2018. REUTERS/Arnd Wiegmann

AMSTERDAM (Reuters) – Global staffing group Randstad on Tuesday reported second-quarter core earnings and revenue growth ahead of market expectations, driven by widespread demand for services across its markets.

Randstad reported quarterly earning before interest, taxes, amortisation (EBITA) of 260 million euros ($306.77 million), beating an average forecast of 244 million euros in a company poll of a dozen analysts.

Randstad said organic revenue per working day increased by 38.2% year-on-year in the latest quarter and that “volumes in early July indicate continued positive momentum.”

Group sales were up 38% from a year earlier at 6.08 billion euros, compared to a forecast of 5.84 billion and were 3% higher than to pre-pandemic…

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