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| Arcadis shows increase in revenues and profits Netherlands-based engineering firm Arcadis achieved good results in the first quarter of 2010. Gross revenues rose 7% to Ђ 448 million, aided by the merger with Malcolm Pirnie. Net income from operations increased 10% to Ђ 17.1 million, despite a negative currency effect of 2%. The organic revenue decline was stable compared to the fourth quarter of 2009. In infrastructure and to a lesser extent water, the impact is visible of pressure in local government markets that was signaled earlier. This is offset by increasing demand in the environmental market, particularly in the U.S., while the situation in the buildings market has stabilized. The harsh winter had a negative effect on revenues and income. Partly as a result of this, the margin slightly declined. write your comments about the article :: © 2010 Construction News :: home page |