Randstad posts Q3 profit slightly above expectations (updated)

Randstad NV

22/10/2024 06:24

(Adds CEO quote, acquisition in paragraphs 3-5)
       Oct 22 (Reuters) - Randstad  RAND.AS , the world's
largest employment agency, on Tuesday reported quarterly profit
slightly above expectations as trading conditions stabilized
across some of its markets despite a challenging macroeconomic
environment.
    Globally, hiring has slowed as workers avoid the risk of
switching jobs in an uncertain environment and employers are
reluctant to recruit due to inflation and higher interest rates.
        "We have continued to focus on execution and operational
discipline, balancing field capacity with strategic
investments," CEO Sander van‘t Noordende said in a statement.
  
        Randstad also announced its intention to buy Zorgwerk, a
Dutch digital healthcare marketplace, in a deal worth about 323
million euros.
    Third-quarter earnings before interest, taxes and
amortization (EBITA) before one-off items came in at 196 million
euros ($212 million), slightly above the 192 million expected by
analysts on average in a company-provided consensus.
($1 = 0.9242 euros)

 (Reporting by Michal Aleksandrowicz)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))