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| Arcadis reports strong results and positive outlook Arcadis, the international consultancy and engineering company, reported a strong performance in the second quarter of 2006. Gross revenue rose 26% to € 293 million. At 8%, organic growth again exceeded the Company's goal of 5%. The currency effect was limited. Net income from operations increased 60% to € 11.8 million. In the United States, the Company won more than $80 million in new GRiP Remediation Program contracts. In the first six months of 2006 gross revenue increased 27% to € 581 million. Excluding currency effect, growth was 24%, of which was 8% organic. Net income from operations rose 60% to € 21.2 million. This strong profit increase mainly resulted from activity growth in our three service areas, a good contribution from the acquisitions that were completed last year, as well as further margin improvement, resulting in part from improved market conditions in the Netherlands. The margin (recurring Ebita as a percentage of net revenue) improved to 8.6% in the first six months, compared to 7.0% in the same period last year. write your comments about the article :: © 2006 Construction News :: home page |