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| Arcadis improves margin while growing revenues organically Arcadis (NYSE EURONEXT: ARCAD), the leading global natural and built asset design and consultancy firm, today issued a trading update on developments in the first quarter of 2014. Revenues saw adverse currency effects of -4%, impacting overall revenue development. Organic growth, however, improved to a level of 2% on net revenues, despite a decline in North America. Operating EBITA development was strong, driven by efficiency improvements in Continental Europe and a continued strong performance in Emerging Markets. Early March, Arcadis announced the acquisition of inProjects, a 200 people firm with offices in Hong Kong, China, Macau, Singapore and India and net revenues of €11 million in 2013. inProjects provides project management services to blue-chip clients in the retail, hotel, hospitality and leisure sectors and strengthens our leadership position in project management. ARCADIS CEO Neil McArthur about the results: "We are pleased to report a good start to the year in which we have seen continued strong growth in Emerging Markets. While growth in the US is somewhat under pressure, our order intake has been strong and we expect to see the benefits in the second half of the year. We were able to further improve our margins - aided by the actions taken in Continental Europe, while strategic growth initiatives are being implemented to improve organic growth. Our free cash flow has improved thanks to enhanced cash collection. The acquisition of inProjects in Asia, has further strengthened our position in the Buildings segment in Asia, positioning us well for continued strong growth in that region." write your comments about the article :: © 2014 Construction News :: home page |