Report
Luuk Van Beek

Arcadis - In good position to deliver on ambitious targets

Targets above expectations, but should be achievableWith the recent Capital Markets Day, Arcadis set ambitious targets for organic revenue growth (mid to high single digit) and operating EBITA-margins (>12.5%) by 2026. These targets were above our and consensus expectations, but we believe the company is in a good position to realize them. In the past years, it has reinforced the organization and reoriented it towards sustainability-driven end markets with good growth. The high demand in combination with selective tendering, value-based pricing and cost savings should also allow it to boost its profitability. Buy with EUR 60 target priceWe rate Arcadis a
Underlying
Arcadis NV

Arcadis NV is a global asset design and consultancy company. The Company is engaged in providing consultancy, design, engineering and management services in the area of infrastructure, water, environment and buildings. The Company's segments include Americas; Europe and Middle East; Asia Pacific, and CallisonRTKL. Its business lines include infrastructure, water, environment and buildings. Infrastructure business line focuses on sustainable infrastructure solutions for transportation by road, rail, air and over water, and creating reliable energy supply systems. The Company is an environmental solutions provider to private industry, and delivers projects that protect the earth's resources. It offers water supply, treatment, management and conveyance solutions. The Company also offers contract solutions, master planning and sustainable urban development, commercially led program management, business advisory, data analysis and architecture and design solutions.

Provider
Degroof Petercam
Degroof Petercam

​We are an investment house with Belgian roots founded on more than 150 years of trust.

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Analysts
Luuk Van Beek

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