Randstad N.V. (RANJF) Q1 2025 Earnings Call Transcript

2025-04-23 09:10:59 ET

Randstad N.V. (RANJF)

Q1 2025 Earnings Conference Call

April 23, 2025 03:00 AM ET

Company Participants

Sander van't Noordende - Chief Executive Officer

Jorge Vazquez - Chief Financial Officer

Conference Call Participants

Remi Grenu - Morgan Stanley

Suhasini Varanasi - Goldman Sachs

Andy Grobler - BN Paribas

Rory McKenzie - UBS

Simon LeChipre - Jefferies

Marc Zwartsenburg - ING

Simon Van Oppen - Kepler Cheuvreux

Presentation

Operator

Hello and welcome to the Randstad First Quarter Results 2025 Call. My name is Andy and I will be your coordinator for today's event. Please note this call is being recorded and for the durations of the call, your lines will be on listen-only. However, you have will have the opportunity to ask questions at the end of the call. [Operator Instructions]

I will now hand you over to your host Sander van't Noordende, CEO to begin today's conference. Please go ahead sir.

Sander van't Noordende

Thank you very much Andy for that kind introduction and good morning everybody. I'm here with Jorge and our Investor Relations team to share our Q1 2025 results. We've made a solid start to the year. Our strategic moves increased commercial activities, continued focus on cost and operational agility are paying off.

As a result we were able to protect our bottom line with an EBITA of €167 million and an EBITA margin of 3% for the quarter. While we did see some encouraging signs across some key markets, trading conditions remain challenged in many markets, resulting in a 4.2% revenue decline, and we were pleased to see continued growth in Spain, Italy and Japan, where our investments in growth segments such as digital and skilled trade are showing results.

We see further stabilization in North America, while in Northern European countries and France, business conditions remain challenging, especially in perm and the broader automotive sector....

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