Randstad UK gross profit up 5% as global Q1 results released

Randstad has released its first quarter 2015 results. Revenue: Organic revenue per working day grew by 5.6% in Q1 2015 compared to 3.4% in Q4 2014. The reported revenue growth was 11.6% (including a favourable currency effect of 5.4%).Revenue growth went from 6.5% in January (normalized between 5.0-5.5% due to holiday bridging days) to 4.3% in March. In North America, revenue per working day was up 5% (Q4 2014: 6%). Growth during the quarter was between 5-6%. In Europe, revenue per working day grew by 5% (Q4 2014: 1%), with the majority of countries showing an upturn.In the ‘Rest of the world’ region, revenue per working day was up 12% (Q4 2014: 15%). As a result of our strategic focus, perm fees grew by 16% (Q4 2014: 21%). In North America and Europe, perm fees grew by 8% and 21% respectively. Fee growth in Asia was 18%, led by Japan and Singapore. In Australia, perm fees grew 21%. Perm fees made up 2.1% of revenue and 11.3% of gross profit (Q1 2014: 10.0%).

Source: Randstad UK gross profit up 5% as global Q1 results released

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