On 14 February, Randstad released its Q4 and annual results at Randstad headquarters in Diemen, the Netherlands. 2016 was a very exciting year for Randstad, with several acquisitions, which will support us to achieve our strategic ambitions. Our revenue increased by 8% and our profitability also continued to improve (up 9%). Growth was particularly strong in Europe and the 'Rest of the world' region. Randstad finished the year on a strong note with accelerating revenue growth in many countries. All in all, Randstad is in good shape and we can face the future with confidence.

Highlights:
-Revenue of € 5,525 million; organic growth +6.6%; gross profit up 5.5%
-Topline growth accelerated in Europe and Rest of the world, remained positive in North America
-Gross margin 20.0% (excl. Monster: 18.8%, down 10bp YoY); perm fees up 4%
-Underlying EBITA of € 268 million; EBITA margin excl. Monster 4.9%, stable YoY
-Proposed all-cash dividend of € 1.89 (up 13%); record high; dividend policy fine-tuned
-Comfortable leverage ratio of 0.8 (vs. 0.2 last year)
-Monster: strategic cooperation initiated; Ausy and BMC acquisitions completed
-January organic sales growth of 5%-6%
-Proffice, Obiettivo Lavoro and Careo acquisitions well on track

"We're convinced that our digital transformation will eventually lead to an even higher level of appreciation on the part of both our clients and our candidates as well as higher economic returns," says our CEO Jacques van den Broek. "Randstad has always been an innovator in the global staffing industry, and we see digital transformation as an opportunity to further strengthen our leading position. Our acquisitions will help us to achieve our strategic ambitions, and I'd like to extend a warm welcome to our more than 5,000 new colleagues worldwide. We look forward to harnessing the full potential of our corporate development announced in 2016. I wish my colleagues every success in this process, and I'm confident that, together, we'll be able to take the next step. Our financial position remains healthy, which is reflected by the proposal of an all-cash dividend of € 1.89 per ordinary share - a record high."

To read the full Q4 results click here.

To read our annual report, clickhere.