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Place de cotation: AMSTERDAM
STOCK EXCHANGE EURONEXT
BRUSSELS
ARCADIS is an international
company providing consultancy, design, engineering and management services
in infrastructure, environment and facilities, to enhance mobility, sustainability
and quality of life. ARCADIS develops, designs, implements, maintains and
operates projects for companies and governments. With more than 12,000
employees and over $ 2 billion in gross revenue, the company has an extensive
international network that is supported by strong local market positions
http://www.arcadis-global.com/
Arnhem,
The Netherlands, March 8, 2010
ARCADIS
subsidiary RTKL wins design for large Shanghai medical complex
361,000
m2 medical center will be largest single-phase hospital development in
China
ARCADIS
(EURONEXT: ARCAD), the international design, consulting, engineering and
management services company, announced that its subsidiary RTKL has been
selected to design the Shanghai Changzheng New Pudong Hospital. This will
be the largest new hospital built in one phase in China. The 2,200-bed
facility will comprise 361,000 m2 (3.9 million SF) with an estimated
construction cost of RMB 2.82 billion (US $413 million). Construction is
scheduled to begin later this year.
"This
is a significant win for us," said ARCADIS CEO Harrie Noy. "It not only
strengthens our presence in China but confirms the trend toward the globalization
of healthcare, which offers broader opportunities for ARCADIS. There
is a premium on knowledgeable healthcare design in countries that have
a growing consumer demand for quality service and sustainable environments.
ARCADIS is responding to that demand."
RTKL
was selected through an international design competition in which more
than 30 architecture firms participated. According to Xingdong Zheng, the
hospital's president, "RTKL's design was an exceptional response to our
goal of creating a modern academic hospital that will be internationally
recognized for excellence in patient care, research, and teaching. The
design supports patient-centered service as well as our desire for an environmentally
friendly medical center."
ARCADIS
shows excellent performance despite crisis
Click
here for the financial tables.
•
Net income from operations up 6% to € 74.3 million; per share to €
1.18
•
Proposed dividend € 0.45 per share, same as last year
•
Gross revenues increased 3% to € 1.8 billion, organic decline was
6% resulting from crisis
•
Malcolm Pirnie contributes well and offers numerous synergy opportunities
•
Margin at 10.2% above target level of 10% thanks to cost saving measures
•
Growth infrastructure softens, recovery begins in environment, buildings
bottoming out
March
8, 2010 – ARCADIS (EURONEXT: ARCAD), the international design, consulting,
engineering and management services company, in 2009 again showed an excellent
performance despite the crisis. Net income from operations rose 6% to €
74.3 million. Per share this is € 1.18 against € 1.16 in 2008.
Gross revenues rose 3% to € 1.8 billion, partly due to the merger
with Malcolm Pirnie. Although gross revenues declined organically by 6%,
the margin was maintained above the target of 10%. Government investments
kept the infrastructure market at a good level, with growth softening due
to pressure in municipal markets. In the environmental market the margin
target was reached despite an organic revenue decline caused by reduced
private client spending. The crisis was felt most in the buildings market,
especially commercial properties, resulting in a strong revenue decline
and lower margins. Order intake in the second half of the year indicates
a gradual recovery in the environmental market and a bottoming out in buildings.
Effective working capital management pushed cash flow from operating activities
up to € 152 million.
It
is proposed to keep the cash dividend unchanged at € 0.45 per share.
This represents a pay-out of 40% of net income from operations with 10%
more shares outstanding.
Through
the merger in early July 2009 with Malcolm Pirnie (1,700 employees, gross
revenue $392 million), active in water and environment, a top 10 position
was reached in the United States and in the global water market. At year-end
2009, Bohemiaplan was acquired (70 employees, gross revenue € 3.5
million) strengthening infrastructure in the Czech Republic.
ARCADIS
improves income at slightly lower revenues
•
Net income from operations increases 5% in second quarter, in first half
year by 3%
•
Slight decline in gross revenues in second quarter despite positive currency
effect
•
Organic growth in infrastructure partially offsets decline in environment
and buildings
•
Margin maintained at a good level; cash flow is high
•
Merger with Malcolm Pirnie creates a top position in the international
water market
•
Recession may lead to a slight decline in net income from operations for
full year 2009
ARCADIS
(EURONEXT: ARCAD), the international consulting, design, planning, engineering,
and management services company in the second quarter of 2009 improved
its net income from operations by 5% to €
17.1 million. This good result was achieved because of strong margin performance,
despite slightly lower revenues. Gross revenues declined 3% to € 415
million, with a positive currency effect of 4% due to a stronger U.S. dollar.
In
the first half year of 2009, gross revenues increased 1% to € 833
million, helped by a positive currency effect of 4%. The recession mainly
impacted the business lines buildings and environment, where revenues declined
organically. This was partially offset by organic growth in infrastructure
of 10%. On balance, the organic decline in net revenues was limited to
3%. Net income from operations rose 3% to € 32.6 million, despite
restructuring charges of more than € 5 million, which were taken to
adjust the organization to the decline in demand. At 9.8%, the margin was
almost at the same level as last year. As a result of solid working capital
management, cash flow was high.
In
early July, the merger with Malcolm Pirnie was closed, a leading U.S.-based
consulting and engineering company in the water and environmental markets
with more than 1700 employees and gross revenues of $392 million. This
gives ARCADIS a leading position in the rapidly growing global water market
while we enter the top 10 in our industry in the U.S. with a more balanced
services and clients portfolio.
CEO
Harrie Noy said: "We anticipated early on the increasingly difficult market
conditions by adjusting our capacity, implementing strict cost controls
and focusing on clients. As a result our margin was maintained at a good
level and revenue decline was limited. The infrastructure market appears
best poised against the recession due to government investments. The environmental
market declined as industrial clients limit spending, but here we are expanding
our market share. The buildings market is under strong pressure with challenging
market conditions, particularly in England. The merger with Malcolm Pirnie
is a major strategic step for ARCADIS from which we expect significant
business and operational synergies."
ARCADIS
revenues increase, profit level stable
•
Gross revenues 5% higher in the third quarter
•
Organic growth remains at level, despite slowing growth in U.K. and
U.S.
•
EBITA rises 8%, high margin maintained
•
Net income from operations stable, despite a -5% currency effect and higher
financing charges
•
In first nine months, revenues 15% higher and net income from operations
11% higher
•
Expected increase in net income from operations for full year 2008: about
10%
ARCADIS
(EURONEXT: ARCAD), the international consulting, design, engineering and
management services company, announced today that in the third quarter
of 2008 it generated growing revenues and maintained profitability at a
strong level. Gross revenues amounted to € 427 million, an increase
of 5% of which 3% was organic. Net revenues (revenues produced by ARCADIS
employees) grew 8% organically. EBITA rose 8% to € 30.3 million. Net
income from operations at € 16.3 million remained at the same level
as last year, despite negative exchange rate effects and increased financing
charges. The decline of the U.S. dollar and British pound had a negative
effect on revenues and results of 5%.
In
the first nine months gross revenues grew 15%. Gross and net revenues both
increased organically by 7%. All business lines contributed to the increase.
EBITA increased by 17%, net income from operations by 11%. This resulted
from growth in services, a good contribution from acquisitions and a slight
margin improvement to 10.3% from 10.1% last year. The currency effect was
6% negative.
Early
in the third quarter, the Italian environmental consultancy SET (revenues
€ 9 million, 35 employees) was acquired. With this step the services
for our (multinational) clients and those of SET can be expanded. Early
in August, Copijn (gross revenue € 6 million, 60 employees) which
is a designer and contractor of landscaping projects in the Netherlands,
was divested because it no longer represented a core activity.
CEO
Harrie Noy about the results: "To date, the influence of the credit crisis
for ARCADIS has been limited. In the English real estate market there is
pressure on our services, while in the U.S. environmental market the growth
rate is slowing, partly as a result of the completion of a number of large
projects with a significant amount of subcontracted services. Nevertheless
the organic growth of our own activities remained high at 8%, while the
margin was maintained. By focussing early on cost controls and intensifying
marketing efforts in areas that offer good opportunity, we have anticipated
market changes. The strong commitment of our employees and internal cooperation
aimed at synergy helps us capitalize on market opportunities." |