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Netherland-based Randstad Holding posted a decrease of 7% in net income for its third quarter ended Sept. 30. Net income includes a one-off tax charge of about ‚¬14 million. Total revenue for the quarter amounted to ‚¬2.41 billion, an increase of 11% compared to the same quarter in 2006.
Organic growth amounted to 10%. Currencies had a negative impact of about 1%. The company reported stabilization in the decline in North American revenue and a relatively stronger September versus July and August.
"Long term prospects for the global HR services markets are good," said CEO Ben Noteboom.. "Growth in our markets has slowed from the earlier very high levels, but in Europe and Asia we continue to see good growth, and the decline in
Meanwhile, Randstad showed growth in other regions around the world. German operations grew by 17%;
For the third quarter ended Sept. 30, compared with the same period in 2006
Revenue: ‚¬2.41 billion, +11%
Net income: ‚¬14 million, -7%