Randstad NV (OTCPK:RANJY)

$ 22.53 -0.325 (-1.42%) Market Cap: 7.89 Bil Enterprise Value: 9.35 Bil PE Ratio: 16.85 PB Ratio: 1.79 GF Score: 73/100

Q2 2022 Randstad NV Earnings Call Transcript

Jul 26, 2022 / 07:00AM GMT

Release Date Price: $23.67 (-9.35%)

Transcript

Operator

Hello, and welcome to the Randstad Second Quarter Results for 2022. My name is Jesse, and I'll be your coordinator for today's event. (Operator Instructions)

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

Alexander M. van;t Noordende

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

' -

Thanks a lot, Jesse, and good morning, everybody. I'm here with Henry and Bisera and Akshay from Investor Relations, and I'm pleased to share our Q2 results with you.

I would say the global labor dynamics are quite unique these days. We're still seeing a combination of solid demand and talent scarcity, which creates opportunities for us to grow our business. However, the macro environment has not been without its challenges for our clients. Many of them are still dealing with supply chain disruptions, inflationary pressures, softening consumer confidence and continued disruptions from COVID. Yet, at the same time, consumers are still spending, albeit more on experiences than on

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