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Article: Dutch staffing companies Randstad, Vedior report modest growth in 1Q profit
- Article from:
- AP Worldstream
- Article date:
- April 25, 2008
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Dutch staffing companies Randstad Holding NV and Vedior NV each reported modest growth in sales and profits on Friday, with a weak U.S. market hurting their businesses.
Randstad is seeking to buy Vedior in a euro3.51 billion (US$5.17 billion) cash and shares deal to create the world's second largest staffing company, behind Adecco SA of Switzerland and ahead of Manpower Inc. of Milwaukee, Wisconsin.
Randstad's net profit was euro73.3 million (US$114 million), up 2.5 percent from euro71.5 million a year earlier. Sales grew 6.2 percent to euro2.24 billion (US$3.49 billion).
Vedior reported net profit of euro46.9 million (US$73 million), up 2.3 percent from euro44.7 ...