Arcadis : Post results note: upping estimates and TP on back of strong Q2
>Upping organic growth, EBITA and EBITA margin estimates - Both organic growth, EBITA and the EBITA margin were better than expected in Q2 2024 with the latter still not seeing any impact yet from the digitisation/automation program and only a headwind from the GEC program (strong FTE additions and thus opex but without the benefit of increased billability), which will start to have a material impact as of 2025. Due to the acceleration of the backlog growth (from 4.8%...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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