Randstad (RAND) AGM 2026 summary

Opening remarks and agenda

• Meeting opened by the supervisory board chair, with all executive board members present and procedural matters explained, including online participation and voting process.

• Agenda covered executive and supervisory board reports, corporate governance, remuneration, financial statements, dividend policy, and voting.

Financial performance review

• Revenue for 2025 was EUR 23.1 billion, a 2-2.5% decline, with EBITDA at EUR 720 million (3.1% margin).

• Growth observed in the US, Spain, Italy, Japan, and Latin America, but continued challenges in the Netherlands, Germany, Belgium, and France.

• Operating expenses matched the 5% gross profit decline, reflecting structural changes and cost control.

• EUR 600 million in annual operating costs cut, with headcount reduced from 48,000 to 38,000.

• Strong cash flow enabled investments in growth segments and reduction of debt and leverage ratio.

Board and executive committee updates

• Supervisory board and executive board members introduced, with new auditor PwC present.

• Sander van 't Noordende reappointed as CEO for a second four-year term, with strong support.

• Martin Weiss appointed to the supervisory board, bringing digital and transformation expertise.