Randstad Holding NV reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported that Revenues were €5,871.9 million compared to €5,349.3 million a year ago. Operating profit was €227.0 million compared to €243.3 million a year ago. Income before taxes was €217.7 million compared to €238.9 million a year ago. Net income attributable to holders of ordinary shares company was €162.1 million or €0.88 per basic and diluted share compared to €173.6 million or €0.95 per basic and diluted share a year ago. Net cash flow from operating activities was €199.1 million compared to €226.7 million a year ago. Additions in property, plant and equipment was €17.3 million compared to €19.1 million a year ago. Free cash flow was €177.5 million compared to €199.7 million a year ago. Adjusted net income for holders of ordinary shares was €201.9 million compared to €192.5 million a year ago. Net debt was €1,388.9 million compared to €561.3 million a year ago. EBITA, underlying was €287.5 million compared to €270.5 million a year ago. EBITA was €260.6 million compared to €259.6 million a year ago. Diluted earnings per ordinary share, underlying was €1.10 compared to €1.05 a year ago.

For the nine months, the company reported that Revenues were €17,294.9 million compared to €15,158.9 million a year ago. Operating profit was €597.4 million compared to €592.7 million a year ago. Income before taxes was €578.0 million compared to €588.6 million a year ago. Net income attributable to holders of ordinary shares company was €424.2 million or €2.31 diluted per share compared to €426.1 million or €2.32 diluted per share a year ago. Net cash flow from operating activities was €264.4 million compared to €314.5 million a year ago. Additions in property, plant and equipment was €40.3 million compared to €40.6 million a year ago. Free cash flow was €200.3 million compared to €252.4 million a year ago. Adjusted net income for holders of ordinary shares was €531.0 million compared to €486.2 million a year ago. EBITA, underlying was €1,025.9 million compared to €923.8 million a year ago. EBITA was €923.7 million compared to €894.6 million a year ago. Diluted earnings per ordinary share, underlying was €3.99 compared to €3.70 a year ago.

For the fourth quarter, gross margin is expected to be stable sequentially, and operating expenses are expected to be stable sequentially.

For 2017, the company continue to expect an effective tax rate before amortization and impairment of acquisition-related intangibles and goodwill, integration costs, and one-offs of between 24% and 27%.