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/

ARCADIS shows excellent performance despite crisis    
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• 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."
 

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