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news & events |
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Randstad & Vedior: creating an HR services leader |
| On December 3, the management boards of Randstad and Vedior announced their intention to combine forces. This will create the second largest HR services company worldwide. |
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Offer memorandum
01 Apr 2008
Presentations/webcast
03 Dec 2007
Facts & figures
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Corporate mission: Randstad seeks to be among the world leaders
in linking the supply of and the demand for workers |
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Established in 1960 by Frits Goldschmeding |
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The Group is active under the brand names Randstad, Yacht , Capac
Inhouse Services, Tempo-Team, EmmayHR, |
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Team4U, Martin Ward Anderson and Otter-Westelaken |
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Present in 52 countries: the Netherlands, Belgium, Luxembourg,
Germany, Denmark, Sweden, the UK, France, Italy, Spain, |
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Portugal, Poland, Hungary,
Switzerland, the US, Canada, India, China, Japan and Turkey... |
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Market leader in the Netherlands, Belgium, Germany, Poland and
the Southeast of the US. The Randstad Group is the third |
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largest staffing company
in the world. |
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Approx. 674,100 staffing employees (average) and 34,780 corporate
employees (average) |
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Worldwide 2,886 branches (December 31, 2007) |
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CEO Randstad Holding: Ben Noteboom |
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The main figures |
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In € million |
FY 2008 |
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FY 2007 |
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Change |
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Q4 2008 |
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Q4 2007 |
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Change |
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Pro forma1 |
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Revenue |
17,177.4 |
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17,625.2 |
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-3% |
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3,959.0 |
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4,600.7 |
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-14% |
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EBITA2 |
834.4 |
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907.1 |
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-8% |
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177.9 |
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260.6 |
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-32% |
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Actual |
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Revenue |
14,038.4 |
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9,197.0 |
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53% |
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3,959.0 |
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2,433.1 |
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63% |
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EBITA2 incl. integration
costs and one-offs |
644.0 |
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554.4 |
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16% |
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126.3 |
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164.9 |
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-23% |
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Net income |
18.4 |
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384.9 |
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-95% |
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-231.4 |
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118.5 |
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nm |
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Adjusted net income attr. to ord. shareholders |
477.6 |
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405.4 |
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18% |
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121.5 |
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121.6 |
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0% |
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Diluted EPS3 |
3.21 |
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3.47 |
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-8% |
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0.72 |
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1.04 |
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-31% |
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Pro forma: as if Randstad and Vedior has been combined as of January 1, 2008. |
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EBITA: operating profit before amortization acquisition related intangible assets,
impairment goodwill, integration costs & one-offs. |
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Diluted EPS before amortization acquisition related intangible assets, impairment
goodwill, integration costs and one-offs. |
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In 2008 Randstad was listed in the Dow Jones Sustainability Index for the fifth
consecutive year. This index tracks the |
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financial
performance of sustainability-driven
companies worldwide. For 2008, we received a bronze rating, indicating our
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ranking
in the
top 5 of the support services peer group. |
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Ma Foi was awarded for world Class Performance in the International Asia Pacific
Quality Awards. |
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Randstad won Philips’ Breakthrough Award for its performance in the Total Cost of
Ownership category.
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Randstad France was voted a ‘Best Place to work’, and received a silver award. Randstad
Belgium, Randstad Canada, |
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Randstad Netherlands, Randstad Spain and Vidior Germany were also once again awarded
in the Best Place to Work |
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category. |
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Major Players won Best Medium-to-Large Recruitment Firm, Joslin Rowe won Best Office
Support Recruitment Firm and |
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Digby
Morgan won Best HR Recruitment Firm at the Recruiter awards of Excellence. |
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Randstad Luxembourg won the ‘Best outplacement services’ and ‘Best Interim Services’
in the National Human Resource
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Awards. |
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Randstad was included in the top 15 in BusinessWeek’s list of Europe’s top 50 companies,
ranked according to overall
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annual
sales and earnings performance. |
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Randstad was listed in the FTSE4Good Index, which measures the performance of companies
in meeting globally
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recognized
corporate responsibility standards. |
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Randstad United States won both ‘Specialty advertising’ and ‘Company publication’
at the Awards of Excellence. |
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Randstad Pty Limited obtained the 2008 Hewitt Best Employer in Australia and News
Zealand. |
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SESA Select Argentina was awarded for ‘CSR action of the year 2008’. |
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| virtual jobs on Second Life |
Randstad is the first HR services provider that opened a branch on Second Life. With the opening of a virtual branch, job seekers can also come to Randstad in the virtual world of Second Life.
Candidates get paid in Linden dollars, the official currency of Second Life. The branch also offers real jobs, there are three vacancies at this moment; one as a manager of the 'avatar' (a virtual character on Second Life) of a Dutch law firm and there are two positions at ABN AMRO as the manager of the virtual hostess at ABN (the candidates get paid in real life euros).
With our presence on Second Life, Randstad cooperates with a university in Amsterdam to do research about the influence of virtual worlds on social networks. They will also see if employees in virtual worlds are treated differently than employees are treated in daily life.
View our promotion film on Youtube. If you have an Avatar account (this means you are resident of Second Life), you can visit the Randstad branch: http://slurl.com/secondlife/randstad/50/100/50.
About Second Life: Second Life is a 3-D digital online world, entirely built and owned by its residents. Since opening to the public in 2003, it has grown explosively and today is inhabited by a total of 4,441,629 people from around the globe.
A lot of companies have discovered Second Life; besides Randstad, you can find branches of ABN AMRO, Adidas, American Apparal and press agency Reuters. And Duran Duran gives virtual concerts. |
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| This is an annual HR event organized by the Portuguese Industrial Association-Business Confederation (AIP-CE) (May 2007). |
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Randstad Belgium, Canada, Denmark, France, Germany, Spain, and the Netherlands have been nominated as Great Place To Work. Thanks to the continuing high rankings of Randstad Belgium, Germany and The Netherlands, we are also included on the 100 Best Workplaces Europe list (April 2007).
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Randstad UK is listed no 41. in the Top 100 Mid-sized companies of the Sunday Times 'Best Companies To Work For' (2007).
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Randstad US was recognized as one of the 20 Great Employers for New Grads according to business publication Fortune (2007).
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Randstad Canada was ranked 14th on the top 50 ‘Best Workplaces in Canada 2007’ list (April 2007). |
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the labor market |
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Key work-related, social and demographic trends in our society are shifting. In Europe, the average age of the working population is rapidly increasing. The majority of larger corporations no longer offer 'a job and a career for life'.
In both the US and Europe many industries are moving their production base to lower cost areas in Eastern Europe, Latin America and Asia. This is driving a shift towards service and knowledge-based economies in the US and Europe.
Many governments are not equipped to redistribute jobs and skills efficiently in their national economy. From the employee's point of view, freedom in work choices is important, rather than collectivism and paternalism. The result is that flexibility in the labor market is already a key factor in creating a healthy, agile economy, and will continue to grow in importance for the foreseeable future.
The European Council established a High Level Group, chaired by Wim Kok, to carry out an independent review to contribute to the mid-term review. Its report should identify measures which together form a strategy for the European economies to achieve the Lisbon objectives and targets on competitiveness & employment. Read here the report "Facing the Challenge - the Lisbon strategy for growth and employment" that has been published on November 2004. |
Download the 'Mind the gap' report |
In February 2007, Randstad and SEO Economic Research published a study on the ageing challenge and labor migration in the European labor market. Hard copies are available and can be ordered though email.
In May 2004 Randstad and SEO published a report on international employment trends and more specifically the market for flexible, and notably agency work.
Download here the report 'international database on employment and adaptable labor'. |
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