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| Arcadis improves income at slightly lower revenues Netherlands-based Arcadis, an international consultancy, design and engineering company, in the second quarter of 2009 improved its net income from operations by 5% to € 17.1 million. 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. write your comments about the article :: © 2009 Construction News :: home page |