Randstad Holding NV Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year of 2011; Proposes Dividend for the Full Year 2011; Announces Board Changes
February 15, 2012
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Randstad Holding NV reported unaudited consolidated earnings results for the fourth quarter and full year of 2011. For the quarter, the company reported revenue of EUR 4,377.5 million against EUR 3,891.1 million a year ago. Operating loss was EUR 53.3 million against operating profit of EUR 113.1 million a year ago. Loss before taxes was EUR 47.1 million against income before taxes of EUR 110.5 million a year ago. Net loss attributable to holders of ordinary shares the company was EUR 18.3 million or EUR 0.11 per diluted share against net income attributable to holders of ordinary shares the company of EUR 136.6 million or EUR 0.79 per diluted share a year ago. Total EBITDA was EUR 126.5 million against EUR 161.5 million a year ago. Underlying EBITDA was EUR 163.3 against EUR 161.5 million a year ago.
For the full year, the company reported revenue of EUR 16,224.9 million against EUR 14,179.3 million a year ago. Operating profit was EUR 249.7 million against EUR 341.2 million a year ago. Income before taxes was EUR 233.0 million against EUR 318.0 million a year ago. Net income attributable to holders of ordinary shares the company was EUR 171.6 million or EUR 1.00 per diluted share against EUR 280.8 million or EUR 1.63 per diluted share a year ago. Total EBITDA was EUR 553.1 million against EUR 513.6 million a year ago. The net debt position as of December 31, 2011 was EUR 1,302.6 million is EUR 403.3 million higher compared to December 31, 2010. Underlying EBITDA was EUR 600.6 against EUR 509.6 million a year ago.
For the full year 2011, the company proposed to pay a dividend per ordinary share of EUR 1.25 based on a payout ratio of 53%.
The company announced that the supervisory board will propose to appoint Brian Wilkinson for a second four-year term. After serving the statutory maximum of three four-year periods, Rob Zwartendijk will step down from the supervisory board at the next AGM in March. In accordance with its profile and by-laws, the supervisory board proposes Wout Dekker, currently CEO of Nutreco nv, as a member of the supervisory board for a four-year term. Beverly Hodson and Henri Giscard d'Estaing have served their first four-year term and the supervisory board will propose to appoint them for a second four-year term.
Randstad N.V. is the world's No. 1 of human resources services. Net sales break down by activity as follows:
- generalist staff placement outside the classic sectors (45.4%): primarily administrative, light industry, logistics staff, etc.;
- generalist staff placement from onsite agencies (25.3%): primarily for clients in the consumer goods, automotive, life sciences and other industries;
- specialized staff placement (23.8%): primarily high-level and experienced professionals in the fields of IT, engineering, business, health, etc. In addition, the group offers services for the permanent staff of its clients (outplacement services, reintegration and salary management);
- other (5.5%).
At the end of 2023, the group had 2,761 branches worldwide.
Net sales are distributed geographically as follows: the Netherlands (12.7%), the United States (18.8%), France (15.1%), Italy (8.5%), Germany (7.4%), Belgium (6%), Spain (5%), Australia (4.6%), the United Kingdom (4.3%), Japan (3.2%), Canada (2.3%), Switzerland (1.9%), India (1.5%), Portugal (1.3%), Poland (1.2%), Sweden (1.2%) and other (5%).
Randstad Holding NV Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year of 2011; Proposes Dividend for the Full Year 2011; Announces Board Changes
RANDSTAD N.V. 
