ARCADIS delivers solid third quarter results; well positioned for growth with record backlog and recent acquisitions
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Third quarter: small decline in organic net revenues -1% (YTD +1%); excluding North America organic growth is 4% (YTD 5%), driven by Asia, Middle East, UK and Continental Europe
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Third quarter operating EBITA margin strong at 10.4%, with YTD margin up 40 basis points at 10.1% (2013: 9.7%)
October 22, 2014 - ARCADIS (NYSE EURONEXT: ARCAD), the leading global natural and built asset design & consultancy firm, today announced that in the third quarter of 2014, ended September 30, the company delivered organic net revenue decline of -1% on the back of weak North American environmental and water markets and the slowdown of the Latin American mining industry. Outside North America the combined organic growth amounted to 4% (YTD 5%), with Asia, the Middle East, Continental Europe and the UK contributing to the increase. Operating EBITA margin was strong in the quarter at 10.4%, supported by margin improvements in Continental Europe and the UK, bringing the margin for the first nine months of 2014 to 10.1% (2013: 9.7%).
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Acquisitions
ARCADIS announced three acquisitions which were all closed shortly after the quarter end. They include Hyder Consulting, a 4,600 people design and engineering consultancy with activities in the UK,
the Middle East, Germany, Asia and Australia, active in infrastructure, water and buildings; Callison, a 1,000 people high level architectural and interior design consultancy with offices in the
United States, China, Europe, Middle East and Mexico; and Franz, a 100 people environmental consultancy firm active in six locations throughout Canada. Together these firms add more than €500
million in gross revenues to ARCADIS on an annual basis.