|
contents | business | |||||||||
| Dutch firm Arcadis continues excellent performance Arcadis, the Netherlands-based consulting and engineering company, reported that third-quarter gross revenue rose 31% to € 408 million. Net income from operations was 33% higher at € 16.3 million. Organic growth was 17% on par with the level in the first half year. All service areas contributed to this, with environment continuing as the best at more than 25% growth. Geographically, organic growth was strongest in the United States, the Netherlands and Brazil. Acquisitions also contributed 17% growth, mainly through RTKL which was consolidated as of the third quarter. The currency effect was 3% negative. The margin improved to 10.8% (2006: 9.6%). In the first nine months of 2007 gross revenue increased 22%, of which 17% organic. Net income from operations was 29% higher at € 43.1 million. The margin was 10.1% (2006: 8.9%) with which the 10% goal that was introduced last year, was achieved. Early July, U.S.-based RTKL was acquired (gross revenue $ 195 million, 1050 employees), a global player in architectural design and planning services. In the Netherlands, the acquisition of Alkyon (€ 4.5 million, 45 employees) early July strengthens Arcadis' position in the climate change driven, growing market for water management. In the U.K., the company's project management activities were expanded mid-August with APS Group (€ 13 million, 70 employees), while in October the acquisition of environmental services company Vectra (€ 14.5 million, 110 employees) specialized in health, safety and risk management, was announced. write your comments about the article :: © 2007 Construction News :: home page |