ten years of Randstad
(The figures are based upon IFRS since 2004. Comparative figures for other years are not adjusted)
 |
| |
IFRS |
|
| Amounts in millions of €, unless otherwise indicated |
2008 |
|
2007 |
|
2006 |
|
2005 |
|
2004 |
|
2003 |
|
2002 |
|
2001 |
|
2000 |
|
1999 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
14,038.4 |
|
9,197.0 |
|
8,186.1 |
|
6,638.5 |
|
5,764.2 |
|
5,257.4 |
|
5,443.8 |
|
5,818.4 |
|
6,168.1 |
|
5,565.4 |
| As % of previous year |
152.6% |
|
112.3% |
|
123.3% |
|
115.2% |
|
109.6% |
|
96.6% |
|
93.6% |
|
94.3% |
|
110.8% |
|
131.8% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit |
2,972.3 |
|
2,029.7 |
|
1,730.6 |
|
1,405.2 |
|
1,218.2 |
|
1,088.9 |
|
1,193.4 |
|
1,339.4 |
|
1,482.8 |
|
1,308.7 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EBITDA |
744.0 |
|
605.6 |
|
484.2 |
|
339.2 |
|
267.8 |
|
174.2 |
|
166.2 |
|
175.7 |
|
304.5 |
|
350.0 |
| EBITA |
644.0 |
|
554.4 |
|
436.1 |
|
299.1 |
|
226.4 |
|
120.8 |
|
100.1 |
|
103.8 |
|
250.6 |
|
304.3 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating loss/profit |
-34.7 |
|
539.6 |
|
423.6 |
|
290.9 |
|
225.6 |
|
118.2 |
|
98.3 |
|
102.6 |
|
250.6 |
|
304.3 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income before amortization and impairment acquisition-related intangible assets and amortization/ impairment goodwill 1 |
652.5 |
|
395.0 |
|
368.9 |
|
249.1 |
|
203.3 |
|
79.6 |
|
58.6 |
|
48.3 |
|
151.8 |
|
207.0 |
| As % of previous year |
165.2% |
|
107.1% |
|
148.1% |
|
122.5% |
|
255.4% |
|
135.8% |
|
121.3% |
|
31.8% |
|
73.3% |
|
136.0% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income 2 |
18.4 |
|
384.9 |
|
360.3 |
|
241.9 |
|
202.7 |
|
77.1 |
|
56.8 |
|
60.1 |
|
207.2 |
|
207.0 |
| As % of previous year |
4.8% |
|
106.8% |
|
148.9% |
|
119.3% |
|
262.9% |
|
135.7% |
|
94.5% |
|
29.0% |
|
100.1% |
|
136.0% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net cash flow from operations |
754.1 |
|
401.4 |
|
409.6 |
|
238.2 |
|
264.7 |
|
223.6 |
|
196.4 |
|
197.5 |
|
116.0 |
|
293.2 |
| Free cash flow |
672.7 |
|
328.4 |
|
350.0 |
|
180.3 |
|
230.3 |
|
231.4 |
|
224.4 |
|
107.4 |
|
13.5 |
|
226.6 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation property, plant and equipment and amortization/impairment software |
100.0 |
|
51.2 |
|
48.1 |
|
40.1 |
|
41.4 |
|
53.4 |
|
66.1 |
|
62.8 |
|
53.9 |
|
45.7 |
| Investments in property, plant and equipment and software |
92.0 |
|
74.4 |
|
61.8 |
|
62.0 |
|
43.8 |
|
34.7 |
|
30.0 |
|
113.4 |
|
113.3 |
|
58.2 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization and impairment acquisition-related intangible assets and goodwill |
678.7 |
|
14.8 |
|
12.5 |
|
8.2 |
|
0.8 |
|
2.6 |
|
1.8 |
|
1.2 |
|
- |
|
- |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Shareholders’ equity |
2,416.9 |
|
1,021.6 |
|
790.3 |
|
536.2 |
|
507.1 |
|
353.8 |
|
334.5 |
|
350.0 |
|
359.2 |
|
410.8 |
| Net debt/ net cash |
-1,641.0 |
|
-144.2 |
|
250.3 |
|
206.0 |
|
149.0 |
|
-18.3 |
|
-207.5 |
|
-405.3 |
|
-538.2 |
|
-159.8 |
| Operating working capital |
672.0 |
|
409.5 |
|
354.5 |
|
398.7 |
|
303.0 |
|
248.0 |
|
311.8 |
|
381.0 |
|
464.0 |
|
273.7 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Average number of staffing employees |
555,600 |
|
369,200 |
|
312,300 |
|
254,400 |
|
224,600 |
|
202,500 |
|
207,800 |
|
217,800 |
|
244,500 |
|
241,000 |
| Average number of corporate employees |
28,230 |
|
17,570 |
|
15,380 |
|
13,430 |
|
12,260 |
|
12,280 |
|
13,040 |
|
14,500 |
|
15,570 |
|
12,900 |
| Number of branches, year-end |
4,146 |
|
1,889 |
|
1,827 |
|
1,708 |
|
1,633 |
|
1,600 |
|
1,685 |
|
1,769 |
|
2,042 |
|
1,755 |
| Number of inhouse locations, year-end |
1,087 |
|
997 |
|
843 |
|
703 |
|
687 |
|
642 |
|
582 |
|
489 |
|
- |
|
- |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Market capitalization, year-end |
2,466.9 |
|
3,150.7 |
|
6,083.4 |
|
4,243.9 |
|
3,347.2 |
|
2,223.4 |
|
988.5 |
|
1,727.3 |
|
1,809.4 |
|
5,526.6 |
| Number of ordinary shares outstanding (average in millions) |
148.6 |
|
116.4 |
|
115.8 |
|
115.4 |
|
115.3 |
|
115.3 |
|
115.4 |
|
115.6 |
|
115.6 |
|
115.6 |
| Closing price (in €) |
14.55 |
|
27.02 |
|
52.40 |
|
36.69 |
|
28.95 |
|
19.23 |
|
8.55 |
|
14.94 |
|
15.65 |
|
47.8 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ratios in % of revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit |
21.2% |
|
22.1% |
|
21.1% |
|
21.2% |
|
21.1% |
|
20.7% |
|
21.9% |
|
23.0% |
|
24.0% |
|
23.5% |
| EBITDA |
5.3% |
|
6.6% |
|
5.9% |
|
5.1% |
|
4.6% |
|
3.3% |
|
3.1% |
|
3.0% |
|
4.9% |
|
6.3% |
| EBITA |
4.6% |
|
6.0% |
|
5.3% |
|
4.5% |
|
3.9% |
|
2.3% |
|
1.8% |
|
1.8% |
|
4.1% |
|
5.5% |
| Operating profit |
-0.2% |
|
5.9% |
|
5.2% |
|
4.4% |
|
3.9% |
|
2.2% |
|
1.8% |
|
1.8% |
|
4.1% |
|
5.5% |
| Net income before amortization and impairment acquisition-related intangibles and amortization / impairment goodwill |
4.6% |
|
4.3% |
|
4.5% |
|
3.8% |
|
3.5% |
|
1.5% |
|
1.1% |
|
0.8% |
|
2.5% |
|
3.7% |
| Net income |
0.1% |
|
4.2% |
|
4.4% |
|
3.6% |
|
3.5% |
|
1.5% |
|
1.0% |
|
1.0% |
|
3.4% |
|
3.7% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per ordinary share (€) |
0.07 |
|
3.31 |
|
3.11 |
|
2.10 |
|
1.68 |
|
0.59 |
|
0.42 |
|
0.45 |
|
1.72 |
|
1.72 |
| Diluted earnings per ordinary share (€) 1 |
0.07 |
|
3.30 |
|
3.10 |
|
2.09 |
|
1.68 |
|
0.59 |
|
0.42 |
|
0.34 |
|
1.24 |
|
1.72 |
| Diluted earnings per ordinary share before amortization and impairment acquisition-related intangible assets and amortization/impairment goodwill (€) 1 |
4.38 |
|
3.38 |
|
3.17 |
|
2.15 |
|
1.68 |
|
0.62 |
|
0.43 |
|
0.34 |
|
1.24 |
|
- |
| Dividend per ordinary share (€) |
- |
|
1.25 |
|
1.25 |
|
0.84 |
|
0.66 |
|
0.25 |
|
0.17 |
|
0.14 |
|
0.50 |
|
0.69 |
| Payout per ordinary share in % 1 |
- |
|
38 |
|
40 |
|
40 |
|
39 |
|
42 |
|
40 |
|
41 |
|
40 |
|
40 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1) For the years 2000 and 2001 excluding extraordinary income after taxes (2000: € 55.4 million, 2001: € 13.0 million).
2) For the years 2005, 2006 and 2007, net income includes dividend on preferred shares as financial expenses under net finance costs.