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| Arcadis profit shows growth despite downturn Dutch engineering consultancy Arcadis said the company in 2010 again realized revenue and profit growth despite the severe downturn. Gross revenues rose 12% to € 2,003 million, also because of the merger with Malcolm Pirnie and a weaker euro against other currencies relevant to Arcadis. Annual organic revenue growth was flat, but in the course of the year economic recovery fostered the return of organic growth. In all business lines activities grew organically, except in buildings. Net income from operations rose 6% to € 78.4 million. Per share this is € 1.19 against € 1.18 in 2009. This good result is attributable to improvement of the U.S. environmental market, expansion of activities in Asia and favorable market conditions in South America, partly offset by lesser results in Europe due to pressure on government budgets. write your comments about the article :: © 2011 Construction News :: home page |