Randstad N.V. (OTCPK:RANJF) Q4 2024 Earnings Conference Call July 23, 2024 3:00 AM ET
Company Participants
Sander Noordende - CEO
Jorge Vazquez - CFO
Conference Call Participants
Suhasini Varanasi - Goldman Sachs
Rory McKenzie - UBS
Sylvia Barker - JPMorgan
Afonso Osorio - Barclays
Remi Grenu - Morgan Stanley
Marc Zwartsenburg - ING
Konrad Zomer - ABN AMRO
Operator
Hello, and welcome to the Randstad Second Quarter Results 2024 Call. My name is Adeep and I will be your coordinator for today's event. Please note, this call is being recorded. And for the duration of the call, your lines will on listen-only. [Operator Instructions]
I will now hand you over to your host, Sander Van't Noordende, CEO, to begin today's conference. Please go ahead, sir.
Sander Noordende
Thank you very much, Adeep, and good morning, everybody. I'm here with Jorge and with Steph, Temur and Steven from Investor Relations, and I'm happy to be sharing our Q2 results with you.
Overall, in the period trading conditions remained challenging across many of our markets. The progressive improvements we saw in the beginning of the year on labor data and manufacturing PMI has leveled off during the second quarter, specifically in North Europe. And this has influenced decision-making amongst both clients and talent leading to subdued hiring activities and similar to Q1, we have seen a mixed picture in terms of growth across our markets. In short, not all green shoots that we saw at the end of Q1 have grown, as well as we would have liked.
Some of them have grown however, Spain, Italy and Belgium all showed growth for the quarter and continued the positive momentum from the start of the year, and I'm pleased with our performance in these markets. On the other hand, North America, France, Netherlands and Germany have not seen a lot