Report
Kristof Samoy

Arcadis 1Q25 performance in line with consensus

Arcadis 1Q25 trading update was broadly in line. Revenues were flat organically and landed at €972m (vs. our €968m and CSS of €973m). Operating EBITA stood at €106m in line with consensus of €105m and somewhat below our €112mE. Posted margins are up 20bps in spite of flat revenue evolution. Some €21m non operating costs hit the P&L linked to restructurings and right sizing in the UK & Australian market. BtB of 1.11x (from 1.17x 1Q24) and BL of €3699m up 14% y/y and 2.8% q/q.
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
KBC Securities
KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

 

Analysts
Kristof Samoy

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