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| Arcadis sees strong revenue growth Netherlands-based Arcadis, the international design, consulting, engineering and management services company, in the second quarter of 2010 has improved its profit on the back of strong revenue growth. Gross revenues rose 23% to € 512 million, aided by the acquisition of Malcolm Pirnie in the middle of last year. The growth was much stronger than in previous quarters as organic revenue development was better in all business lines. The stronger U.S. dollar and Brazilian real had a positive currency effect of 5%. Net income from operations improved 8% to € 18.5 million. Excluding non-recurring effects the margin remained at a good level. In the first half year gross revenues increased 15% to € 960 million. Growth mainly came from the merger with Malcolm Pirnie. Because the weakening of the Euro only started in the second quarter, the currency effect in the first half year was 2%. As in the first quarter revenues declined organically, partly because of the severe winter, also the first half year showed an organic revenue decline. Net income from operations rose 9% to € 35.6 million. In Brazil a loss was taken on an energy project, which is expected to be compensated by a gain resulting from a sale in the second half year. Excluding this non-recurring effect, the margin at 9.6% was at almost the same level as last year. write your comments about the article :: © 2010 Construction News :: home page |