Employment agency Randstad feels cooling European economy

Employment agency Randstad is suffering from the slowdown in economic growth in Europe. In the fourth quarter of last year there was only a limited growth in sales and a decline in profit. The company achieved better results throughout 2018.


Employment agency Randstad is suffering from the slowdown in economic growth in Europe. In the fourth quarter of last year there was only a limited growth in sales and a decline in profit. The company achieved better results throughout 2018.

In large countries such as France, Germany, Italy and Spain, the company was affected by economic conditions. As a result, turnover per working day, an important indicator, fell by 2 percent in that region.

In North America, the turnover per working day of Randstad grew by 3 percent. The temporary employment agency also performed well in countries such as Japan, Australia and New Zealand.

Randstad's turnover came to 23.8 billion euros last year, 2 percent more than in 2017. Under the line, the broadcaster retained 704 million, considerably more than the 631 million euros a year earlier. Randstad therefore proposes a record dividend of EUR 3.38 per share.

REF: https://www.nu.nl/economie/5737650/uitzendconcern-randstad-voelt-afkoeling-europese-economie.html