Q4/FY22: οutstanding year, revenue of € 27.6bn and underlying EBITA of € 1.3bn.

Randstad delivered an outstanding performance in 2022, driven by Inhouse, Professionals, perm and RPO. In the fourth quarter, we delivered solid growth with strong profitability.

Robust levels of demand from clients and persistent levels of talent scarcity underpinned our full year performance and the improvements we delivered in profitability and margin show the benefits of our firm focus on cost management, value-based pricing and business mix. Client activity moderated in the fourth quarter, and this trend has continued into 2023. However, our deep understanding of talent and clients, together with our experienced leadership team positions us well to navigate the macroeconomic environment.

In line with our existing capital allocation policy, we propose a return of around € 921m of capital to our shareholders over FY 2022, of which regular ordinary cash dividend of € 2.85 per ordinary share, and a share buy back program of around € 400m over a period of 17 months, starting end of April 2023.

I would like to thank our talent and clients across the world as well as all Randstad people for their continued dedication to making us a partner of choice.