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| Arcadis delivers 6% operating profit growth in 2013 Arcadis (NYSE EURONEXT: ARCAD), the world's leading natural and built asset design and consultancy firm, delivered at the upper end of guidance a net income from operations of 111.1 million in 2013 (2012: 105.1 million), an increase of 6%. The operating margin ended at the target level of 10.0%, in line with last year. Overall gross revenues were at 2.5 billion, roughly in line with last year, while net revenues slightly topped last year's at 1.9 billion, despite currency effects impacting growth by -4%. In the fourth quarter, gross revenues declined 3% against currency effects of -5%. The contribution of acquisitions (Geohidrologνa, SENES) was 1%, while organic growth was 1%. Net revenues saw an overall decline of 4% with similar currency and acquisition effects, and organic growth was flat. EBITA in the fourth quarter was 44.8 million (2012: 52.3 million), or 9.6% of net revenues (2012: 10.7%). Excluding restructuring charges of 5.6 million (2012: 6.8 million), Operating EBITA was 50.4 million (2012: 59.1 million), or 10.8% (2012: 12.1%). Currency effects were -5%, while acquisitions contributed 2%. Fourth quarter 2012 operating EBITA benefited from 7 million tax benefit from EC Harris continuing its partnership structure, of which 5 million related to the first three quarters. In 2013 this effect totaled 4 million for the full year, and 1 million in the fourth quarter. Excluding the benefit from the partnership structure, operating margin on a like for like basis was almost in line with last year. In Continental Europe the operating margin further improved to 7.9%. write your comments about the article :: © 2014 Construction News :: home page |