Q2 2026 Randstad NV Earnings Call Transcript

Jul 22, 2026 / 07:00 AM GMT

Transcript

Key Points

Positve

Randstad NV (RANJF) reported a 1.9% organic revenue growth for Q2 2026, indicating a positive trend in overall business performance.
The company achieved an EBITDA of EUR 182 million, representing an 8% year-on-year improvement and a 3.1% margin.
Strong performance in the U.S. operational segment and continued strength in Southern Europe, with Germany and the U.K. returning to growth.
Successful execution of the '10 by 10 by 10' initiative, securing $1.3 billion in new client wins in the first half of the year.
Digital transformation efforts, including partnerships and AI integration, have resulted in significant cost reductions and improved efficiency.

Negative

Gross profit is still down by 1.5% year-over-year, despite improvements from the previous quarter.
The Netherlands experienced a 1% decline in organic revenue due to market adjustments following new CLA implementations.
Digital revenue declined by 4%, including a 3% decline in North America, indicating challenges in this segment.
Gross margin was down 70 basis points, impacted by adverse geographical and client mix effects.
Integration costs and one-offs amounted to EUR 22 million, affecting overall profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RAND.AS - Randstad NV
Q2 2026 Randstad NV Earnings Call
Jul 22, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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To ask a question, please press pound key five on your telephone keypad. Please note that you're limited to one question and one follow-up per round. I will now hand the word over to Sander Vonet Nordender, CEO. Mr. Vonet Nordender, please go ahead.

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Unidentified_2 [2]
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Thank you very much, Elba, for that kind introduction, and good morning, everybody. I'm here with George and our Investor Relations team to share our Q2 2026 results.

I'm proud of our team's continued execution of our Partner for Talent strategy.

As we accelerate our transformation, it's

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