Randstad NV (WBO:RAND)

€ 38.7 -0.7 (-1.78%) Market Cap: 6.76 Bil Enterprise Value: 8.14 Bil PE Ratio: 15.76 PB Ratio: 1.62 GF Score: 69/100

Q2 2023 Randstad NV Earnings Call Transcript

Jul 25, 2023 / 07:00AM GMT

Release Date Price: €51.36

Transcript

Operator

Good day, and welcome to Randstad Second Quarter Results 2023 Call. My name is Priscilla. I'll be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions)

I will now hand you over to your host, Sander van 't Noordende, the CEO; and Jorge Vazquez, the CFO, to begin today's conference. Please go ahead. Thank you.

Alexander M. van;t Noordende

Randstad N.V. - Chairman of Executive Board & CEO

' -

Thank you very much, Priscilla, and hello, everyone. I'm here with Jorge and Lachmandas Akshay of Investor Relations. And I'm, of course, pleased to share our Q2 results with you.

Overall, we delivered solid results in the second quarter, however, in challenging market conditions, but I'm pleased with how our teams have responded to the current operating environment and the strong adaptability we have shown. Revenue growth for the quarter was minus 5.1%. We've seen growth in APAC and LatAm, mixed trends in Europe and the decline in North America.

In terms of our concepts, Inhouse

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