Randstad beats quarterly organic growth view as labour markets improve
Randstad beats quarterly organic growth view as labour markets improve
Wed, July 22, 2026 at 5:30 AM UTC
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July 22 (Reuters) - Hiring firm Randstad reported a second quarter organic growth of 1.9% on Wednesday, beating expectations of 1% in a company-provided analyst consensus.
Gross margin for one of the world's largest recruitment firms - a key measure of profitability - stood at 18.2% for the period, slightly below the consensus forecast of 18.3%.
Major European markets largely performed well with Germany, Europe's largest economy, providing further evidence of a recovery as revenue rose 4% year-on-year, compared with a 4% contraction last quarter and a 7% fall a year earlier.
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North America also improved, with revenue growth accelerating to 4% from flat in the first quarter.
“With the majority of markets now in growth and volumes improving further into July, we are confident in our ability to show progress for the rest of the year,” CEO Sander van't Noordende said in a press release.
(Reporting by Jakob Van Calster; Editing by Mrigank Dhaniwala)
Source: “AOL Money”
