Randstad Q3 Net Income Rises 33% as Organic Revenue Grows 3.9%

Randstad N.V. (RAND.AS) reported third-quarter net income of 110 million euros, up 33% from a year ago, with diluted earnings per share of 0.61 euros versus 0.46 euros. Adjusted net income rose 11% to 133 million euros, while underlying EBITA reached 211 million euros compared to 191 million euros, an organic increase of 10%. Diluted underlying EPS was 0.75 euros, up from 0.68 euros. Revenue increased to 6.115 billion euros from 5.810 billion euros. CEO Sander van 't Noordende said organic revenue rose 3.9% with double-digit profit growth, adding that 75% of the business is now in growth under the company's Partner for Talent strategy. Randstad shares closed at 34.33 euros on Euronext Amsterdam.