Randstad NV (CHIX:RANDa)

€ 42.62 +0.51 (+1.2%) Market Cap: 7.48 Bil Enterprise Value: 9.32 Bil PE Ratio: 71.17 PB Ratio: 1.93 GF Score: 71/100

Q4 2024 Randstad NV Earnings Call Transcript

Feb 12, 2025 / 07:30AM GMT

Release Date Price: €39.46 (-5.52%)

Transcript

Key Points

Positve

Randstad NV (RANJY) achieved a gross margin of 18.8% in Q4, driven by a strategic business and service mix.
The company delivered an EBITDA of EUR 200 million for Q4, with a margin of 3.3%, showcasing effective cost management.
Randstad NV (RANJY) proposed a dividend of EUR 1.62 per share, reflecting confidence in its business and capital allocation policy.
The implementation of the specialization framework across all markets is a key milestone, enhancing client understanding and competitive dynamics.
The launch of over 45 specialized talent and delivery centers in 10 key markets resulted in a 20% increase in fulfillment in 2024.

Negative

Randstad NV (RANJY) experienced a 5.5% decline in organic revenue in Q4 due to labor market challenges.
The company's full-year 2024 revenues were EUR 24.1 billion, 7% lower year over year.
The automotive sector continues to be under pressure, impacting growth in key regions like Germany and France.
The EBITDA margin in Northern Europe was affected by restructuring efforts and challenging macroeconomic conditions.
Randstad NV (RANJY) incurred EUR 79 million in integration and one-off expenses in Q4, impacting financial performance.

Operator

Good day and welcome to today's Q4 and full year 2024 Randstad analyst call. (Operator Instructions) And now I'd like to hand the call over to your host today, Mr. Sander van't Noordende, CEO. Please go ahead, sir.

Sander Van;t Noordende

Randstad NV - Chairman of the Executive Board, Chief Executive Officer

' -

Thank you very much, Saga, for that kind introduction. And good morning, everybody. I'm here with Jorge and our investor relations team to share our Q4 and full year 2024 results.

We continue to experience labor market challenges in Q4, which contributed to a 5.5% decline in organic revenue. We saw further stabilization in North America, while Europe remains a story of two tales. Southern European countries continue to grow, while challenging conditions in firm and automotive led to subdued demand in Northwest Europe.

Against this backdrop, we delivered the gross margin of 18.8%, driven by business and service mix. With our continued focus on cost, we have delivered an EBITDA of EUR200 million with an EBITDA margin of 3.3

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