Randstad (RAND) investor relations material

Opening remarks and agenda

• Meeting opened by the chair, with all executive and supervisory board members present, including online participants and external auditor PwC.

• Procedural matters explained, including voting process, online participation, and recording of the meeting.

Financial performance review

• Revenue for 2025 was EUR 23.1 billion, a decline of 2-2.5% from the previous year.

• EBITDA reached EUR 720 million (3.1% margin), matching 2024, with EUR 125 million in integration and one-off costs.

• Operating expenses were reduced by 5%, and annual operating costs were cut by EUR 600 million.

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

• Market conditions remained challenging, with growth in the US, Spain, Italy, Japan, and Latin America, but continued decline in core European markets.

Board and executive committee updates

• Sander van 't Noordende reappointed as CEO for a second four-year term, emphasizing ongoing strategic transformation.

• Martin Weiss appointed to the Supervisory Board, bringing experience in digital and technological change.

• Remuneration policy updated, with base salary increases for CFO and CHRO, and STI payouts reflecting both financial and non-financial targets.