Arcadis : Focus on margins shows, FCF weaker than expected
>Operating EBITA margin very strong, good organic growth, FCF disappoints - Q2 sales missed css by 1%, mainly driven by Places. Organic growth was better than expected at 6.0% vs css at 5.3%. The focus on EBITA margins shows with operating EBITA beating css by 7%. The operating EBITA margin in Q2 came in at 11.5% vs 10.8% css (AOe 10.7%) and Q2 2023 at 8.7%. So that selectiveness in Places (DPS) and Resilience has paid off more than we assumed and this is still withou...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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