Randstad N.V. (RANJF) Q3 2023 Earnings Call Transcript

Randstad N.V. (OTCPK:RANJF) Q3 2023 Earnings Call Transcript October 24, 2023 3:00 AM ET

Company Participants

Sander van ‘t Noordende – CEO

Jorge Vazquez – CFO

Conference Call Participants

Rory McKenzie – UBS

Hans Pluijgers – Kepler Cheuvreux

Kean Marden – Jefferies

Marc Zwartsenburg – ING

Konrad Zomer – ABN AMRO


Hello, and welcome to the Randstad Third Quarter Results 2023. My name is Caroline, and I will be your operator for today’s event. Please note, this call is being recorded, and for the duration of the call, your lines will be on listen-only mode. However, you will have the opportunity to ask questions at the end of the call. [Operator Instructions] I will now hand over the call to your host, Sander van ‘t Noordende, the CEO, to begin today’s conference. Thank you.

Sander van ‘t Noordende

Thank you very much Caroline, for that kind introduction and good morning everyone. I’m here with Jorge and Bisera and Temur from Investor Relations and I’m pleased to share our Q3 results with you.

We continued to perform resiliently in the third quarter in a challenging global economy and I’m particularly pleased with how our teams have adapted to the challenging conditions in their market, and it’s really great to see how adaptability is an integral part of our DNA. This is a very good muscle to have in good times, but also in challenging times. And as you know, we are always balancing supply and demand to make sure we have the right teams on board, as well as the right cost structure for the demands we are serving.

Another important trade-off we are making every day is volume versus value because volume and value need to go hand in hand and we believe we have the right balance here

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