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April 24, 2019, 1:38 a.m. EDT

Randstad's profit boosted by improved margin

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By Adam Clark

Randstad NV (RAND.AE) said Wednesday that it improved its margins and stabilized organic growth in the first quarter of the year.

The Dutch recruitment company's underlying earnings before interest, tax and amortization came to 227 million euros ($255.0 million), up 1% from the year-earlier quarter.

Randstad's quarterly revenue rose 1% to EUR5.72 billion. Its gross margin was 19.7%, up 10 basis points.

Organic growth for the quarter was 0.5%.

Randstad gained market share in the Netherlands, Belgium and Germany, while growth in France recovered to match the market rate.

Randstad said volumes in early April indicate a continuation of the first-quarter growth trend.

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