Randstad posts Q4 core profit beat in tough market environment (updated)

Randstad NV

12/02/2025 06:54

(Adds context in paragraph 2, details on Q4 loss and dividend
in paragraphs 4-6)
       Feb 12 (Reuters) - Randstad  RAND.AS , the world's
largest employment agency, reported a quarterly core profit
above market expectations on Wednesday, citing its resilient
business model and robust underlying performance in difficult
market conditions.
    Financial and political upheaval in markets such as France,
Germany and Britain has led employers to limit hiring and
discouraged people from changing jobs. That, coupled with lower
unemployment levels, has caused recruiters to put out gloomy
forecasts and profit warnings in recent weeks.
    Randstad's earnings before interest, taxes and amortization
(EBITA) before one-offs was 200 million euros ($207 million) in
the fourth quarter of 2024, above the 194 million expected by
analysts on average in a company-provided consensus.
    However, its net result swung to a loss of 149 million euros
in the quarter, hit by a goodwill impairment of 121 million
euros related to the Sweden and Enterprise United Kingdom
operating segments. 
    A fair value adjustment and impairments on its loans and
financial commitments cost the group additional 139 million
euros in the quarter, it said. 
    Randstad proposed a dividend of 1.62 euros per share to be
paid for 2024.
    ($1 = 0.9654 euros)

 (Reporting by Michal Aleksandrowicz in Gdansk; Editing by Milla
Nissi)
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