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| Arcadis announces increase in revenues Dutch engineering consultancy Arcadis announced gross revenues of € 427 million for second quarter of 2008, a 23% increase compared to last year. At 8%, organic growth remained at a good level. The environmental market was again a major contributor to growth, while in most European countries, growth in buildings activities strengthened. Net income from operations rose 16% to € 16.3 million. The decline of the U.S. dollar and the British pound had a negative impact on revenues and profit of 6% to 7%. In the first half year of 2008, gross revenues rose 22% to € 827 million. The organic growth was 9% and at 15% was especially strong in the environmental market. Net income from operations increased 18% to € 31.6 million. This was the result of a growth in activities, a good contribution from acquisitions and an improvement in profitability, particularly in the United States. The margin improved to 10.1% against 9.8% last year. The currency effect was 6% to 7% negative. write your comments about the article :: © 2008 Construction News :: home page |