Randstad NV (OTCPK:RANJY)

$ 21.89 -0.385 (-1.73%) Market Cap: 7.80 Bil Enterprise Value: 9.26 Bil PE Ratio: 16.66 PB Ratio: 1.77 GF Score: 73/100

Q4 2023 Randstad NV Earnings Call Transcript

Feb 13, 2024 / 08:00AM GMT

Release Date Price: $27.97 (-2.41%)

Transcript

Operator

Hello, and welcome to the Randstad Fourth Quarter and Annual Results 2023. My name is Caroline, and I'll be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions)

I will now hand over the call to your host, Jorge Vazquez, the CFO, to begin today's conference. Thank you.

Alexander M. van;t Noordende

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

' -

Thank you very much, Caroline, for this introduction, and this is Sander, the CEO of Randstad. So good morning, everyone. I'm here with Jorge, Steph and (inaudible) from Investor Relations, and I'm pleased to share our Q4 and our full year 2023 results with you.

In the fourth quarter, revenue decreased by 8.6% as market conditions continued to affect our performance across the globe. Growth rate is different across regions. Southern Europe, LatAm and APAC showed modest declines, whereas Northern Europe and our North American businesses contracted more significantly. Against this backdrop, we delivered a robust gross margin of 20.7%

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