![]() Net Income from Operations increased by 11% to €103 million (HY’22: €93 million), or €1.15 per share (HY’22: €1.04), driven by higher revenues. Net finance expenses were €27 million (HY’22: €6 million), driven by a higher debt position. The weighted average annual income tax rate for the full financial year is expected to be between 28% and 30%. The effective income tax rate of 35% (HY’22: 28%) was impacted by non-deductible items and de-recognition of deferred tax assets. The operating EBITA margin increased to 9.8% (HY’22: 9.3%) driven by a step up in Resilience and Places. Non-operating costs were €16 million, driven by restructuring costs from the wind-down of Middle East operations, integration costs and the impact of a non-cash liquidation of assets sold last year. Net revenues totaled €1,886 million, increasing organically by 10.6% (currency impact -1.1%), driven by all GBAs. The net revenue organic backlog growth was 1.1% quarter to date, in line with the seasonal pattern and well above last year’s -0.9%. Order intake increased by 36% year on year to €976 million, outperforming total revenue growth of 30% and resulting in a Book to Bill of 1.03. A -2.6% currency impact was driven by a weakening US and Canadian Dollar against the Euro. Growth was particularly strong in America and UK & Ireland, with Continental Europe and Australia also contributing, slightly offset by a decline in the Greater China region, as a result of a continued challenging business environment. Net revenues totaled €945 million, increasing organically by 9.0%, driven by all Global Business Areas (GBAs). The need for sustainable and digitally enabled solutions remains high on our clients’ agenda, and I am convinced that with the talent and expertise within the organization, we are well positioned to capitalize on these future growth opportunities.” In my first two months as CEO, I have remained close to the business and strengthened my executive leadership team by bringing in the GBA leads. The company's focus on digital innovation and operational discipline has led to significant order intake and opportunities to further scale and standardize ensuring we remain on track to meet our 2021 – 2023 strategic targets by the end of this year. Cost synergies are also expected to exceed our initial expectations. The integration of Arcadis IBI and Arcadis DPS is progressing well and will be finalized before year end, with significant project wins from our combined complementary expertise. On track to achieve strategic targets set for 2021-2023Īmsterdam, 27 July 2023 – Arcadis, the leading global Design & Consultancy organization for natural and built assets, sees continued growing client demand across all of its Global Business Areas, resulting in record Q2 Net Revenue of €945 million with an organic growth of 9.0% and improved operating EBITA margin of 9.8% (Q2’22: 9.3%).Īlan Brookes, CEO Arcadis, said: “Arcadis delivered another strong quarter driven by high client demand particularly in industrial manufacturing, environmental remediation, and innovative mobility solutions. ![]() ![]() Successfully placed €225 million sustainability linked Schuldschein, concluding refinancing.Organic backlog growth at 1.1% quarter-to-date (Q2’22: -0.9%) Order intake of €976 million resulted in record net backlog of €3.2 billion.Integration of Arcadis IBI and Arcadis DPS on track, revenue and cost synergies materializing.Improved operating EBITA margin 2) of 9.8% (Q2‘22: 9.3%).Record net revenue of €945 million, with strong organic growth of 9.0% 1).Continued strong client demand and improved operational performance
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |