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2nd quarter results 2026. growth and higher profitability. 22 july 2026 sander van ‘t noordende, CEO jorge vazquez, CFO
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disclaimer. 2© randstad certain statements in this document concern prognoses about the future financial condition, risks, investment plans, and the results of operations of Randstad N.V. and its operating companies, as well as certain plans and objectives. Obviously, such prognoses involve risks and a degree of uncertainty, since they concern future events and depend on circumstances that will apply then. many factors may contribute to the actual results and developments differing from the prognoses made in this document. These factors include, but are not limited to, general economic conditions, shortages on the job market, changes in the demand for personnel (including flexible personnel), achievement of cost savings, changes in the business mix, changes in legislation (particularly in relation to employment, staffing and tax laws), the role of industry regulators, future currency and interest fluctuations, availability of credit on financially acceptable terms, the successful completion of company acquisitions and their subsequent integration, successful disposals of companies, the rate of technological developments, the impact of pandemics and our ability to identify other relevant risks and mitigate their impact. These prognosis therefore apply only on the date on which this document was compiled. The quarterly results as presented in this press release are unaudited.
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definitions. 3© randstad organic growth: externally reported income statement line items (revenue, gross profit, operating expenses and EBITA) adjusted for the impact of changes in foreign currency ("FX"), the effect of hyperinflation and excluding the impact of acquisitions and disposals. EBITA: operating profit before amortization and impairment of acquisition-related intangibles and goodwill (EBITA) is a measure of company profitability used by investors in the staffing industry to analyze the results of staffing companies. underlying EBITA: refers to Randstad's adjusted EBITA, excluding integration expenses and one-offs may distort the true operational performance of the business. It provides a clearer picture of the company's ongoing profitability by eliminating the impact of restructuring costs, integration and M&A costs related to acquisitions and other exceptional items.
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agenda. © randstad 4 performance 5 financial results & outlook 11 Q&A 17 appendix 18
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performance. 01 © randstad 5
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6 summary key financials Q2 2026 majority of markets in growth delivery excellence driving productivity year-on-year profit growth revenue € 5.9BN at +1.9% underlying gross margin 18.2% underlying EBITA € 182M, 3.1% margin Partner for Talent strategy driving performance. © randstad
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1.7M self-scheduled shifts in Q2, up double-digit QoQ torc always-on agentic platform reducing time to fill by 50% Partner for Talent strategy impact. 7 growth through specialization delivery excellence digital first best team broad based growth improvement in Q2’26 driven by e-commerce, skilled trades, healthcare & logistics +5% more talent per FTE in Q2’26 >50% of talent validation in talent centers randstad ranked as the #1 HR services provider in the dow jones best-in-class world index © randstad
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8© randstad * YoY organic change is measured excluding the impact of currencies, acquisitions, disposals, and reclassifications. For revenue, the organic change has been adjusted for the number of working days. ** before integration costs & one-offs. us: growth improving ● operational: +13%, standout performance with DMP benefits ● professional: further stabilization, perm growing ● digital: down -3% ● enterprise: back to growth canada: back to growth, driven by operational north america: operational growth accelerating. organic revenue growth YoY, last two quarters* EBITA margin (underlying)**
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organic revenue growth YoY, last two quarters* 9 EBITA margin (underlying)** * YoY organic change is measured excluding the impact of currencies, acquisitions, disposals, and reclassifications. For revenue, the organic change has been adjusted for the number of working days. ** before integration costs & one-offs. major european markets: broad based sequential improvement. netherlands: manufacturing & logistics stable, healthcare growing, financial services slow germany: back to growth driven by manufacturing and logistics, automotive improving belgium: industrial stabilizing, headwinds in professional france: strong automotive and aerospace, pressure in perm and healthcare italy: continued growth in operational, strong growth professional iberia: double digit-growth in Spain © randstad
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international markets: improving momentum in most markets. 10© randstad * YoY organic change is measured excluding the impact of currencies, acquisitions, disposals, and reclassifications. For revenue, the organic change has been adjusted for the number of working days. ** before integration costs & one-offs. other european markets & latam ● uk: up 3%, back to growth ● poland: down 13%, sequentially slower ● switzerland: up 1%, steady performance ● nordics: down 9%, sequential improvement ● latam: up 2%, brazil momentum continues apac ● japan: up 5%, strong performance operational ● australia & new zealand: down 3%, strong operational ● india: up 10%, another strong quarter organic revenue growth YoY, last two quarters* EBITA margin (underlying)**
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financial results & outlook. 02 © randstad 11
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profitability improving. Q2 2026 performance € million Q2 ’26 Q2 ’25 % org. revenue 5,897 5,794 +1.9% gross profit 1,071 1,094 -2% gross margin* 18.2% 18.9% operating expenses* 889 923 -3% opex %* 15.1% 15.9% EBITA* 182 171 +8% EBITA margin* 3.1% 3.0% integration costs & one-offs -/- 22 -/- 35 amortization & impairment -/- 15 -/- 19 net finance income (costs) -/- 19 -/- 48 tax expense -/- 42 -/- 22 reported net income** 84 47 adjusted net income 109 84 +30% * before integration costs & one-offs. ** including share of profit of associates. summary organic revenue up 1.9% YoY EBITA € 182m, EBITA margin of 3.1% operational: +4% at € 4.0 BN professional: -/- 2% at € 0.9 BN digital: -/- 4% at € 0.6 BN enterprise: +2% at € 0.3 BN 12© randstad
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© randstad 13 gross margin: large client growth outperformance driving mix. key highlights • temp margin -70 bp YoY • geo & business mix • idle time • perm fees -10 bp YoY • HRS/other +10 bp YoY Q2 gross margin development YoY
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© randstad 14 key highlights • opex down 3% YoY • L4Q recovery rate 82% • FTE QoQ stable • continuing to focus on delivery excellence and building further operational leverage • driving structural indirect costs savings opex: strong cost discipline. Q2 sequential opex bridge (€m)
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free cash flow and balance sheet. 15© randstad Q2 free cash flow balance sheet • Q2 FCF € 39m (Q2 2025: € 82m) • DSO 57.6 (Q1 2026: 57.4 days) • ROIC: 10.2% (Q2 2025: 10.2%) • net debt € 1,386m excl. lease liabilities • leverage ratio excl. lease liabilities: 1.8x • € 284m ordinary dividend payout in April • divestment IT services in EU & AU with enterprise value of € 160m
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16© randstad Q3 2026 outlook growth momentum • gross margin modestly lower QoQ • operating expenses slightly lower QoQ • driving continued YoY profitability growth outlook. • talent at work improved through Q2 • early July in line with June exit rate
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questions & answers. 03 questions & answers. 03 © randstad 17
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© randstad 18 appendices. 04
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corporate staff by geography. 19© randstad1) subject to roundings. 2) previous figures restated to align with a change in country segmentation. average Q2 2026 Q2 2025 North America 6,540 6,930 Netherlands 3,600 3,900 Germany 1,640 2,090 Belgium & Luxembourg 1,870 2,060 France 3,900 4,230 Italy 3,260 3,300 Iberia 3,090 2,920 Other Europe countries and Latin America 5,330 5,740 Asia Pacific 5,410 5,320 Corporate 2,340 2,050 total 36,970 38,540 21
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number of talent working on a temporary basis by geography. 20© randstad average Q2 2026 Q2 2025 North America 70,000 66,000 Netherlands 45,000 49,100 Germany 22,700 23,500 Belgium & Luxembourg 33,300 34,900 France 67,900 69,900 Italy 57,100 55,700 Iberia 66,100 61,400 Other Europe countries and Latin America 77,500 77,500 Asia Pacific 122,800 120,700 total 562,300 558,800 1) subject to roundings. 2) previous figures restated to align with a change in country segmentation and reflect freelancer to temporary worker transition in NL in 2025 1 2