RGF Staffing B.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
02 mar 2012 - 07:04
Statutory name
RGF Staffing B.V.
Title
USG People NV : Fourth-quarter and full-year 2011 results
Comments
Fourth-quarter and full-year 2011 results
Sharp cost reductions, limited revenue decline and strengthened balance sheet
Almere, 2 March 2012, 7.00 CET
Fourth-quarter 2011 highlights
Revenue totalled € 795 million; revenue per working day was 3% lower than in the fourth quarter last year
The underlying gross margin improved to 21.3% (Q1: 21.2%, Q2: 21.0%, Q3: 20.7%)
Underlying operating expenses were 6% lower than in the fourth quarter of 2010
Additional cost savings of € 23 million to take effect from 2012
Underlying EBITA equalled € 26 million, EBITA margin: 3.3% (Q4 2010: € 32 million, EBITA margin: 3.8%); EBITA margin in the Netherlands developed favourably from 4.8% to 5.3%
Reported net income of -€ 37 million was negative largely due to a non-cash impairment of assets in Spain and cost cutting measures
Net bank debt declined compared to the previous quarter by € 76 million to € 62.3 million as a result of a strong cash flow; the Leverage Ratio improved to 1.7; Senior Leverage Ratio equalled 0.6
Date last update: 27 October 2026